TAIPEI (Taiwan News) — Taishin Bank President Lin Shu-chen (林淑真) said Wednesday the company may establish a third branch in Kumamoto should TSMC expand operations in Japan.

Lin said at an investor’s conference that overseas branches are profitable, realizing gains within two to three years, per CNA. The company operates two overseas branches in Japan, one in Tokyo and a sub-branch in Fukuoka, launched last year.

Lin added that semiconductor sector shifts towards Kyushu could also warrant a third branch, possibly in Kumamoto or Kansai. As for its Ho Chi Minh City representative office, regulations have made upgrading it to a full branch more challenging, and the bank is awaiting further notification from the Vietnamese authorities, per Anue.

Regarding whether Taishin Bank will follow TSMC in expanding to the US, Taishin Holdings President Lin Wei-cun (林維俊) said the bank’s focus is on the Asia-Pacific. However, following the merger with Shin Kong Financial, Taishin’s asset size will elevate it to Taiwan’s fourth-largest financial holding company, at which point it will consider expanding globally.

Taishin Financial Holding reported an annual after-tax net profit of NT$20.06 billion (US$610.89 million) last year, reflecting 37.4% year-over-year growth, with earnings per share of NT$1.39.