Chinatrust sees opportunities in consumer area

OPTIMISM:: Although the public is cutting back on spending, the firm sees opportunities from some of its fee income-based services like credit cards Despite its pessimistic view on the consumer spending trend, Chinatrust Financial Holding Co (????) said yesterday it expected to see a mild recovery in its consumer banking business this year, executives said yesterday. “Although consumers are cutting back on spending, an increasing number are turning to our monthly installation plan [to pay credit card bills], which contributes to our fee income-based business,” chief investment officer Daniel Wu (???) told a media briefing yesterday. An improving credit card environment will allow the company…

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