Mega Financial : announced,on behalf of Mega Bank about Manila Br. was notified by the Central of Philippines to pay fee for insufficient AGRI-AGRA loan
Mega Financial Holdings announced,on behalf of
Mega Bank about Manila Br. was notified by the Central
of Philippines to pay fee for insufficient AGRI-AGRA loan
Date of events
2022/08/18
To which item it meets
paragraph 39
Statement
1.Date of occurrence of the event:2022/08/18
2.Circumstances of the violation:Manila Branch has not met the minimum amount
required to be allocated for AGRI-AGRA loan set by Bangko Sentral ng
Pilipinas(Central Bank of Philippines)during the period of January 2021 to
December 2021
3.Monetary amount of fines:PHP2,039,038.44
(equal to TWD1,094,719，exchange rate 0.53688)
4.Status of the injunction by the respective competent authority:
Penalty of PHP2,039,038.44
5.Intended improvement measures:To acquire more AGRI-AGRA loan and purchase
more qualified agricultural securities.
6.Effect on the Company's business operations:The Manila branch has recorded
accrued expense on this penalty.
7.Any other matters that need to be specified:None
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Mega Financial Holding Co. Ltd. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 12:03:04 UTC.
Mega Financial Holding Co., Ltd. is a Taiwan-based financial holding company principally engaged in the investment and management of its subsidiaries. The Company mainly operates through four business segments. The Banking Business segment is mainly engaged in the commercial banking, consumer banking, wealth management, investment banking businesses and the provision of other services. The Securities Business segment is mainly engaged in the brokerage, underwriting and proprietary trading businesses. The Bill Banking segment is mainly engaged in the brokerage, dealing and underwriting businesses, as well as the guaranteeing of short-term debt instruments. The Insurance Business segment is mainly engaged in the provision of insurance services and insurance agency businesses.
Mega Financial : announced,on behalf of Mega Bank about Manila Br. was notified by the Central of Philippines to pay fee for insufficient AGRI-AGRA loan
MEGA FINANCIAL HOLDING CO., LTD. 
