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Taiwan Business Bank

#2968

Rank

$4.41B

Marketcap

TW Taiwan

Country

Taiwan Business Bank
Leadership team

Mr. Chih-Chien Chang (MD, Pres & Director)

Chun-Yu Shih (Financial Officer)

Ms. Yu-Chuan Chou (Sr. VP & GM of Accounting Department)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Taipei, T'ai-pei, Taiwan
Established
1915
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
2834.TW
Social Media
Overview
Location
Summary
Taiwan Business Bank, Ltd. provides banking and financial services to small and medium-size businesses in Taiwan, the United States, Hong Kong, Australia, China, Cambodia, and Japan. The company operates through Bank, Securities, Trust, Insurance agency, and Others segments. It engages in the provision of deposits, remittance, and loans; securities investment; and securities brokerage, financing, and ancillary business of futures trading. The company also offers a platform for securities investment; securities under writing, custodian bank, new type trust, and specific trust funds investing services; life and property insurance products; and leasing, financing, consulting, and venture capital services. As of December 31, 2021, it operated 124 domestic branches, 1 offshore banking unit, 8 overseas branches, 1 oversea representative office, and 16 securities brokerage locations. The company was founded in 1915 and is headquartered in Taipei, Taiwan.
History

The Bank of Taiwan was established as Taiwan's central bank in 1899, during Japanese rule. The bank's creation was authorized in 1897 by the Bank Act of Taiwan which encouraged Japanese enterprises, such as the Mitsubishi and Mitsui Groups, to invest in Taiwan. Extensive cooperation ensued between the Nippon Kangyo Bank and the Bank of Taiwan. A financial crisis facing these banks in 1927 was relieved with assistance from the Bank of Japan. Bank branches were created in other parts of Asia as the Japanese empire expanded, including areas in China and Southeast Asia.

After the Japanese surrender in 1945, the ROC government took over the Bank of Taiwan and began issuing Taiwan dollars, also known as Taiwan Nationalist Yuan, through the Bank of Taiwan. This currency is now referred to as the "old Taiwan dollar." Severe inflation of this currency during the Chinese Civil War led the Bank of Taiwan to issue the New Taiwan dollar in 1949. After the loss of mainland China in the Chinese Civil War by the KMT and its subsequent retreat to Taiwan, the Bank of Taiwan took on a more central role as the central bank of the ROC until the Central Bank of China was reestablished in 1961. The Bank of Taiwan was governed under the Taiwan Provincial Government until 1998 when governance was transferred to the ROC Finance Ministry. In 2001 the Central Bank of China took over the task of issuing the New Taiwan Dollar.

The Bank of Taiwan currently operates a total of 169 domestic branches as well as branches in Tokyo, Singapore, Hong Kong and the People's Republic of China. Branches have also been established in New York City, Los Angeles, London, and South Africa.

In July 2007, the Bank of Taiwan merged with the Central Trust as part of a government financial reform package. The bank continues to operate as an independent company taking over some aspects of the Trust's banking business. In January 2008, the Bank became part of the Taiwan Financial Holdings Group , which also contains BankTaiwan Securities and BankTaiwan Life Insurance.

Mission
Our mission is to offer a comprehensive range of financial services and solutions to our customers, while providing the highest standards of quality and reliability.
Vision
Our vision is to be the leading financial services provider in Taiwan and one of the largest and most respected banking institutions worldwide.
Key Team

Ms. Yin-Cheng Tseng (Sr. VP & GM of Admin. Management Dept)

Mr. Min-Chung Hsieh (Sr. VP & GM of Compliance Department)

Mr. Jiang Shu Lin (Sales Department Mang.)

Ms. Ching-Yun Kuo (Sr. VP & GM of HR Dept)

Mr. Shao-Huang Chen (Exec. VP)

Mr. Chang-Yu Lin (Exec. VP)

Mr. Jia-Ruey Luan (Exec. VP)

Recognition and Awards
Taiwan Business Bank has been recognised as the “Best Bank in Taiwan” four times by Global Finance Magazine, and has been named “Bank of the Year” in Taiwan by The Banker for four consecutive years.
References
Taiwan Business Bank
Leadership team

Mr. Chih-Chien Chang (MD, Pres & Director)

Chun-Yu Shih (Financial Officer)

Ms. Yu-Chuan Chou (Sr. VP & GM of Accounting Department)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Taipei, T'ai-pei, Taiwan
Established
1915
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
2834.TW
Social Media