On behalf of subsidiary Taiwan Cooperative Bank
to announce the fine by Central Bank
Date of events
2022/08/11
To which item it meets
paragraph 39
Statement
1.Date of occurrence of the event:2022/08/11
2.Circumstances of the violation:
Taiwan Cooperative Bank has violated Article 5, Paragraph 2 of the
"Central Bank's Regulations Governing the Extension
of Mortgage Loans by Financial Institutions".
3.Monetary amount of fines:NT$1,000,000
4.Status of the injunction by the respective competent authority:
NT$1,000,000 fine imposed
5.Intended improvement measures: Enhance relevent control processes and
check measures on operation procedures.
6.Effect on the Company's business operations:None.
7.Any other matters that need to be specified:In accordance
with Fined Notification dated Aug 9 2022 from Central Bank
received by Taiwan Cooperative Bank on Aug 11 2022.
