FSC Announces This Year's Branch Expansion Conditions; At Least 37 Financial Institutions Qualify
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Taiwan's Financial Supervisory Commission (FSC) announced the conditions for domestic branch expansion this year, with at least 37 financial institutions (15 domestic banks and 22 credit cooperatives) meeting the qualifications. A revised regulation also allows institutions not meeting the pre-tax net asset return rate to apply for one branch expansion annually if other conditions are met.