... International Bank; (20) Land Bank of Taiwan; (21) International Bank of Taipei; (22) Ta Chong Bank Ltd.; (23) Taiwan Cooperative Bank; (24) Taipei Fubon Commercial Bank; (25) Taishin International ... probability of bank loans in Taiwan: an empirical investigation by Markov chain model”, Asia Pacific Management Review, 11(2), pp.405-413 Madan, D and H Unal, 1995 “Pricing the risks of default”, ... loan rates and risk- free rates were not normal The 28 domestic banks include: (1) Agricultural Bank of Taiwan; (2) Bank of Taiwan; (3) Bank of Overseas Chinese; (4) Bank of Sinopac Company Ltd.;...