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And according to the credit risk efficiency scores and credit risk Malmquist productivity index CRMPI, we classify the banks Links of London four groups. We find that different groups of banks should have different strategies of credit risk management to survive in this changing environment. PUBLICATION ABSTRACT ABSTRACT The operating efficiency of Taiwanese commercial banks is a key factor on Taiwan's economic development, and there is a great deal of general literature on the performance evaluation in banking. There is little specific topic, however, on the characteristics of risk. Specifically, credit risk in the banking sectors has a potential "social" impact because of the number and diversity of stakeholders affected. In this paper, we employ the Malmquist productivity index MPI approach, Links of London Bracelets is calculated from credit risk efficiency scores based on data envelopment analysis DEA in conjunction with financial ratios, to measure the credit risk efficiency and productivity change on credit risk management of commercial banks in Taiwan over the period . And according to the credit risk efficiency scores and credit risk Malmquist productivity index CRMPI, we classify the banks into four groups. We find that different groups Links of London Teddy Charm banks should have different strategies of credit risk management to survive in this changing environment. ProQuest .denotes formulae omitted. INTRODUCTION Financial liberalization has been adopted by most countries as their financial policy. Particularly, since deregulation, banks have been permitted to set their own interest rates and credit policy. However, various risks arise in bank industry from financial liberalization, which present a challenge to financial institutions and supervising sectors. Facing competitive pressure and international regulations, it is important to evaluate the bank risk efficiency index and productivity change. The notion of risk which matters is central to all industries. It is not just a question of what kinds of products will be produced, or how much it will cost. Most of the studies on bank performance in the literature employ objective functions focusing on the economics of cost minimization, profit maximization Links of London The Man On The Moon Charm managerial utility maximization, where the performance equation denotes a cost function, a profit function or a managerial utility function. However, the main deficiency of these researches is their negligence of risk.