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Taiwan's CTBC Bank sells NT$350M of performing loans

Taiwan's CTBC Bank Co. Ltd. sold NT$350 million of performing loans to Shanghai Commercial & Savings Bank Ltd.

The lender sold the assets Dec. 22, according to a same-day release.

CTBC Bank is a unit of CTBC Financial Holding Co. Ltd.

As of Dec. 21, US$1 was equivalent to NT$30.74.