Taiwan Cooperative Bank Co., Ltd.（hereafter referred to as "TCB" or "the Bank ）was established in 1946 through the reorganization of the “Taiwan Industry Bank”. Total equity capital in the amount of 25 million Old Taiwan Dollars was provided by the Taiwan Provincial Government along with cooperative groups, farmers’ associations, fishermen’s associations, and irrigation associations. The equity capital was divided into 250 thousand shares, with each one worth of NT$100. The government held 150 thousand shares and each group was allotted 10 thousand shares each. Throughout the nearly 70 years, the operating scale of the Bank has been constantly expanded thanks to the efforts of the entire staff, and at the end of 2015 its equity capital stood at NT$83.493 billion.
TCB achieved corporate status under the provisions of Article 52 of the Banking Law in May 1985. It was reorganized as Taiwan Cooperative Bank, Ltd. on Jan. 1, 2001; went public in June 2003; was listed on the stock market on Nov. 17, 2004; underwent a Chinese name change in 2006; and merged with The Farmers Bank of China Co., Ltd. on May 1 of the same year.
To integrate the Group’s resources to make full use of operating synergies and reinforce business development, TCB, the Co-Operative Asset Management Co., Ltd. and the Taiwan Cooperative Bills Finance Co., Ltd. jointly established Taiwan Cooperative Financial Holding Co., Ltd.（TCFHC）on Dec. 1, 2011 through a share swap. TCFHC thus became TCB’s sole (100%) shareholder. To achieve the cross-industry condition for holding companies, TCB’s securities department was spun off as the Taiwan Cooperative Securities Co., Ltd. on Dec. 2. For the effective management of the Group’s resources, the Bank transferred its shares in the BNP Paribas Cardif TCB Life Insurance Co., Ltd. and BNP Paribas TCB Asset Management Co., Ltd. (renamed Taiwan Cooperative Securities Investment Trust Co., Ltd.) to TCFHC on Apr. 3, 2012, making the two companies as subsidiaries of TCFHC. TCB’s subsidiaries currently include the United Taiwan Bank S.A. and Cooperative Insurance Brokers Co., Ltd.
As of Dec. 31, 2015, the Bank boasts a total of 286 domestic and overseas branches (including the Department of Business, Offshore Banking Branch, Manila Offshore Banking Branch, Los Angeles Branch, Seattle Branch, Hong Kong Branch, Sydney Branch, Suzhou Branch, Suzhou New District Sub-Branch, Tianjin Branch, Fuzhou Branch, Beijing Representative Office, Phnom Pench Branch, Tuek Thla Sub-Branch, Pur Senchey Sub-Branch, and Yangon Representative Office), creating the most extensive network of branches among all Taiwan banks and positioning itself as a market leader in share of deposits and loans. According to the list of the world’s top 1,000 banks by asset size, published in the July 2015 issue of The Banker magazine, TCB ranked 176th in the world and 4th in Taiwan. In the global ranking of the top 500 banking brands, published in February 2016, TCB ranked 312nd in the world.
According to TCB's Articles of Incorporation, the Bank is charged with carrying out the missions of operating a banking business, developing national economic construction, and providing financial adjustment for the farming and fishery industries. In addition to providing financing for cooperative enterprises, the farming and fishery industries, and small and medium enterprises, TCB also offers deposit, loan, and foreign exchange services for business enterprises in general to facilitate funds utilization and promote overall economic development. This makes TCB a consolidated international bank for farming, fishery, cooperative, and business financing.