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CTBC Bank
CTBC Bank
The predecessor of CTBC Bank Co., Ltd. (previously known as Chinatrust Commercial Bank, hereafter CTBC Bank) is China Securities Investment Corp., which was founded in 1966. In 1971, its name was changed to Chinatrust Investment Company Limited. In 1992, it was transformed into a commercial bank.
CTBC Bank has 3 major business divisions: corporate banking, retail banking and payment. Operations include deposits, loans, guarantees, foreign exchange, offshore banking units (OBU), trusts, private banking, wealth management, credit cards, securities, bonds, proprietary futures, derivatives, factoring, safe deposit boxes, electronic banking services, and the national lottery.
On June, 2014, CTBC Bank acquired the Tokyo Star Bank, Ltd., becoming its sole shareholder. This is the first time in history for a Japanese bank to become 100% owned by a foreign bank.
CTBC Bank has nearly 150 branches in Taiwan and our presence in 11 countries from Asia to America (US, Canada, Japan, India, Indonesia, the Philippines, Thailand, Vietnam, Hong Kong, Singapore, and China) rightfully makes us the most international Taiwanese bank.
In 2014, the credit rating for CTBC Bank is A2/A- by Moody’s/S&P.
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