Bank Profile

The Bank was established in 1946 through the reorganization of the “Taiwan Industry Bank” of the Japanese-occupation era. Capitalization 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 operating scale of the Bank has been constantly expanded thanks to the efforts of its entire staff over the past 60 years, and at the end of 2008 its capitalization stood at NT$54.855 billion. 

The Bank achieved corporate status under the provisions of Article 52 of the Banking Law in May 1985. It was reorganized as the Taiwan Cooperative Bank Co., Ltd. on Jan.1, 2001; went public in June 2003; was listed on the stock market on Nov.17, 2004; changed its Chinese name on February10, 2006, but its English name remains unchanged; and merged with The Farmers Bank of China on May 1 that year. As of Dec. 31,2008 the Bank had a total of 306 domestic and overseas branches (including the Manila Branch, Los Angeles Branch, Seattle Branch, Hong Kong Branch and Beijing Representative Office), giving us the most extensive branch network of all Taiwan banks and putting us in a position of market leadership in share of deposits and loans. According to the statistics published in the July 2008 issue of The Banker magazine, in the assets ranking of top 1,000 banks the TCB placed 165 in the world and second in Taiwan, after only the Bank of Taiwan.

The TCB, Bank of Taiwan, Land Bank of Taiwan, and Taiwan Business Bank have jointly established the United Taiwan Bank in Belgium on Dec.23, 1992, with the TCB taking a 70% share of its equity. In addition, the TCB established the wholly-owned Cooperative Assets Management Co. on Oct.18, 2005 and, on Mar.22, 2006, boosted its capitalization to a total of NT$3.5billion.

On Nov. 25, 2005 the Bank established the wholly-owned Cooperative Bank Insurance Brokerage Co. with an investment of NT$10 million. Also, established Taiwan Cooperative Bills Finance Corporation with an investment of NT$529.5 million via Debt-for-Equity Swap, and taking a 50.56% share of its equity. To comply with the provisions of minimum capital requirements ,the company increased cash to capital for NT$ 1.5 billion in March 2009. As fully subscribing, the bank’s the investment amount was up to NT$2.0295 billion, taking a 79.67% share of its equity.

Under the TCB Charter, 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, the 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 the TCB a consolidated international bank for farming, fishery, cooperative, and business financing.