Regulations Governing the Approval Review Criteria and the Administration of the Issuing of International Electronic Stored Value Cards or Cooperating with a Foreign Institution in Issuing Electronic Stored Value Cards Article 4

A bank that applies to issue international electronic stored value cards by itself or in cooperation with a foreign institution, in addition to meeting the requirements of paragraph 1 of the preceding article, shall also meet the following requirements: 1. For the past fiscal half-year, "bank's regulatory capital to its risk weighted assets" shall not be less than the ratios in compliance with the Article 5 of Regulations Governing the Capital Adequacy and Capital Category of Banks and the capital adequacy ratio is the minimum requirement stated in the previous regulation plus 2 percent or higher. 2. For the past fiscal half-year, a non-performing loan ratio of not more than 2 percent. 3. For the past fiscal half-year, a coverage ratio of allowances for bad debt of 60 percent or higher.