Taiwan?s Cathay United Bank converts operations into commercial banking
MANILA, Philippines ? Cathay United Bank Co. Ltd., a wholly-owned subsidiary of Cathay Financial Holding Co. of Taiwan, has converted its representative office in Manila into a commercial bank.
The Monetary board of the Bangko Sentral ng Pilipinas has approved the application of Cathay United Bank for a commercial bank license in the Philippines in April last year.
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