LOS ANGELES--(BUSINESS WIRE)--Noor Menai, President & CEO of CTBC Bank Corp (USA), addressed business leaders today on the positive outlook for small business growth in the Los Angeles area. Mr. Menai’s remarks were part of a panel event hosted by the Los Angeles Business Journal and the San Fernando Valley Business Journal held at the Omni Hotel in Los Angeles.
“On the business banking side, there is huge amount of entrepreneurship that’s now being invested,” said Mr. Menai. “With Los Angeles’ tradition for idea generation, investment is coming back into the region organically and from Asia/Pacific, Europe and the Middle East. While there are still pockets of uncertainty, the stronger job market and improved commercial and residential real estate markets have also played a role in more confidence in investment.”
Highlights of Mr. Menai’s remarks at the economic forecast also include:
- Los Angeles Revival: “Our access to a bigger concentration owners and investors was a key reason why we moved our US headquarters to Downtown LA.”
- Small Business Lending: “Small business lending is increasingly becoming a bigger part of our portfolio because smaller entities have distinct advantages in the marketplace. Often smaller companies are more responsive to the needs of the marketplace compared to bigger companies.”
- Access to Capital: CTBC is amongst the most well capitalized banks in the US – we can dedicate more resources to small businesses – and we are being more aggressive. We see a lot of opportunity to work with segments of the market that have been underserved in Los Angeles.”
The panel was moderated by Matthew Toledo, CEO and Publisher of the Los Angeles Business Journal. Other speakers on the breakfast panel included Tim C. Bruinsma, Partner of Norton Rose Fulbright; Jim Kruse, Senior Managing Director, Investor Services, CBRE; John K. Paglia, Ph.D., Associate Dean and Associate Professor of Finance at Pepperdine University Graziado School of Business and Management; Craig Smith, President and CEO of Goodwill Southern California; and George C. Stanfield, Executive Vice President, Southern California Division, Bank of the West.
About CTBC Bank Corp. (USA)
CTBC Bank Corp. (USA) (formerly Chinatrust Bank U.S.A.) is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses. Founded in 1989 and now headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The bank’s operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank. Its parent company, CTBC Bank Co. Ltd., is supported by $67 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit www.ctbcbankusa.com.