In the first quarter of this year, Taiwan's top 10 providers of syndicated loans were all domestic banks, with Chiao Tung Bank taking a lead with US $489.9 million in such loans, according to the statistics released by the International Financial Review Magazine (IFR). Market observers indicate that Taiwan's syndicated loan market has entered the age of 'micro-profit' as more and more domestic banks are joining the market, fueling the competition. As a result, foreign banks on the island have been gradually withdrawing from the market, leaving the turf open for domestic banks. That is a real mighty step taken by the domestic banks of Taiwan. Good going people! After all, your economy is your own responsibility!