Industrial Bank of Taiwan honored with awards

Last month, the bank won a “Golden Award” handed out by the Joint Credit Information Center. The recognition followed honors received by subsidiary IBT International Leasing, which won an award for outstanding services provided by new leasing firms in China, and China Bills Finance Corp., which received an honorary mention in the 6th Elite Awards for bill financing firms.

“It is my pleasure to see accolades received by our firm and subsidiaries,” said Kenneth Lo, chairman of IBT. “Next year, we'll hire another 300 employees, part of our business expansion in 2013, in which an economic recovery is all but expected.”

The Golden Award received by IBT recognized the accuracy, instantaneity, consistency and completeness with which the bank sends data to the Joint Credit Information Center. The award attests to the risk management capability that IBT has accumulated over the years.

“We've placed a strong focus on risk management since our founding in 1999,” Lo said. “Ensuring the safety of customers' money saved up at our bank and protecting the rights of investors and shareholders have always been our top priorities.”

According to Lo, IBT has set up a complete and comprehensive risk management system and has computerized its standard operating procedures, which were recognized with an ISO 9001 certificate back in 2001.

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