Hua Nan Commercial Bank has received approval from the Financial Supervisory Commission to set up a representative office in Jakarta, days after it formally launched a representative office in Bangkok.

The bank said that it plans to provide financial services and useful information to Taiwanese businesses in countries targeted by the government’s New Southbound Policy, taking advantage of its existing branches and representative offices in the region. In addition to running branches in Singapore, Manila, Sydney and Ho Chi Minh City, Vietnam, Hua Nan operates representative offices in Hanoi, Bangkok and Yangon, Myanmar.

Taipei Times