TAIWAN BUSINESS BANK Ltd. has solely assumed the total capital contribution of USD 20,000,000 (United States Dollars Twenty Million, equivalent to Riel 80,000,000,000)
About TAIWAN BUSINESS BANK
The forerunners of the Taiwan Business Bank were two private savings organizations, one established in Taipei in June of 1915 and the other in Tainan in July of the same year, following the traditional practice of forming cooperatives.
TAIWAN BUSINESS BANK Ltd was reorganized, on July 1, 1976, into the Medium Business Bank of Taiwan. It was the first specialized bank established by the government for the purpose of providing financing assistance and guidance to small and medium-sized enterprises.
To cope with the liberalized and internationalized financial environment, and to conform to the government’s policy of privatizing state-owned enterprises, the TAIWAN BUSINESS BANK was transformed into a private bank on Jan.22, 1998 and entered a brand-new age of operations. The Bank’s domestic branch network covers the Taiwan. In addition there are seven overseas branches, including US, Australia, Hong Kong, China and Japan.