Mega Financial Holding Co, Taiwan's second-largest financial holding company, plans to buy a stake in a mainland bank and is evaluating the stake acquisition, sources reported, citing insiders familiar with the situation.

The possible mainland banks, in which the Taiwan-based financial services provider is likely to take a stake, include Bank of Beijing Co<601169>, Fuzhou City Commercial Bank and Bank of Dalian Co.

Mega Financial has also contacted First Sino Bank, Shanghai Pudong Development Bank Co<600000>, and China Merchants Bank Co<600036><3968> on the possible stake purchase.

Mega Financial said last month that its net income rose to NT$11.75 billion, compared with NT$2.37 billion a year earlier.