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Contents

   



(Top)
 


1 History  





2 Philippine subsidiary  





3 United States subsidiary  





4 Canadian subsidiary  





5 References  





6 External links  














CTBC Bank: Difference between revisions






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==History==

==History==

It was established in 1966 under the name '''China Securities and Investment Corporation'''. In 1971, its name was changed to '''Chinatrust Investment Company Limited'''. In 1992, it was transformed into '''Chinatrust Commercial Bank'''.<ref name="Self">{{citation|url=http://www.chinatrust.com.tw/english/index.htm|title=About Chinatrust|publisher=Chinatrust Commercial Bank|accessdate=2011-03-31}}</ref>

It was established in 1966 under the name '''China Securities and Investment Corporation'''. In 1971, its name was changed to '''Chinatrust Investment Company Limited'''. In 1992, it was transformed into '''Chinatrust Commercial Bank'''.<ref name="Self">{{citation|url=http://www.chinatrust.com.tw/english/index.htm|title=About Chinatrust|publisher=Chinatrust Commercial Bank|access-date=2011-03-31}}</ref>



The bank has subsidiaries in the [[Philippines]], the [[United States]], [[Canada]], and [[Indonesia]], foreign [[branch (banking)|branch offices]] in [[Singapore]], [[Hong Kong]], [[India]], [[Japan]], and [[Vietnam]], and foreign [[representative office]]s in London, Bangkok, Hanoi, Beijing, Manila, and Los Angeles.<ref name="Self"/>

The bank has subsidiaries in the [[Philippines]], the [[United States]], [[Canada]], and [[Indonesia]], foreign [[branch (banking)|branch offices]] in [[Singapore]], [[Hong Kong]], [[India]], [[Japan]], and [[Vietnam]], and foreign [[representative office]]s in London, Bangkok, Hanoi, Beijing, Manila, and Los Angeles.<ref name="Self"/>

Line 35: Line 35:


==Philippine subsidiary==

==Philippine subsidiary==

Chinatrust Philippines Commercial Bank Corp. is a subsidiary of Chinatrust Commercial Bank Corp. of Taiwan. It is listed on the [[Philippine Stock Exchange]], but the majority of shares are held by Chinatrust Taiwan. In November 2000, Chinatrust Taiwan agreed to 63,526,127 shares of Chinatrust Philippines at P19 per share from a group of shareholders led by then-President William Go, increasing its shareholding from 57.5% to 91%.<ref>{{citation|url=https://news.google.com/newspapers?id=rlg1AAAAIBAJ&sjid=gSUMAAAAIBAJ&pg=3613,29303347|last=Torrijos|first=Elena R.|periodical=Philippine Daily Inquirer|date=2000-11-27|accessdate=2010-11-30|title=Taiwan bank buys out local partners}}</ref><ref name="PI20001130">{{citation|url=https://news.google.com/newspapers?id=sVg1AAAAIBAJ&sjid=gSUMAAAAIBAJ&pg=2692,30412129|last=Torrijos|first=Elena R.|title=Chinatrust to sell 34% stake to Taipei-based parent firm|periodical=Philippine Daily Inquirer|date=2000-11-30|accessdate=2010-11-30}}</ref> However, there was some uncertainty surrounding this transaction, as with a [[public float]] of less than 10% of shares outstanding, Chinatrust Philippines would have to be [[delisting (stock)|delisted]].<ref name="PI20001130"/> In the end, Chinatrust Philippines was able to remain listed by declaring its intention to issue more shares through a [[secondary market offering]], and paying fines to the exchange in the meantime. However, in 2012, CCB has been delisted from the [[Philippine Stock Exchange]].<ref>{{citation|url=https://news.google.com/newspapers?id=f1M1AAAAIBAJ&sjid=ZyUMAAAAIBAJ&pg=701,34370687|title=Bank to remain listed|periodical=Philippine Daily Inquirer|date=2000-12-11|accessdate=2010-11-30}}</ref>

Chinatrust Philippines Commercial Bank Corp. is a subsidiary of Chinatrust Commercial Bank Corp. of Taiwan. It is listed on the [[Philippine Stock Exchange]], but the majority of shares are held by Chinatrust Taiwan. In November 2000, Chinatrust Taiwan agreed to 63,526,127 shares of Chinatrust Philippines at P19 per share from a group of shareholders led by then-President William Go, increasing its shareholding from 57.5% to 91%.<ref>{{citation|url=https://news.google.com/newspapers?id=rlg1AAAAIBAJ&sjid=gSUMAAAAIBAJ&pg=3613,29303347|last=Torrijos|first=Elena R.|periodical=Philippine Daily Inquirer|date=2000-11-27|access-date=2010-11-30|title=Taiwan bank buys out local partners}}</ref><ref name="PI20001130">{{citation|url=https://news.google.com/newspapers?id=sVg1AAAAIBAJ&sjid=gSUMAAAAIBAJ&pg=2692,30412129|last=Torrijos|first=Elena R.|title=Chinatrust to sell 34% stake to Taipei-based parent firm|periodical=Philippine Daily Inquirer|date=2000-11-30|access-date=2010-11-30}}</ref> However, there was some uncertainty surrounding this transaction, as with a [[public float]] of less than 10% of shares outstanding, Chinatrust Philippines would have to be [[delisting (stock)|delisted]].<ref name="PI20001130"/> In the end, Chinatrust Philippines was able to remain listed by declaring its intention to issue more shares through a [[secondary market offering]], and paying fines to the exchange in the meantime. However, in 2012, CCB has been delisted from the [[Philippine Stock Exchange]].<ref>{{citation|url=https://news.google.com/newspapers?id=f1M1AAAAIBAJ&sjid=ZyUMAAAAIBAJ&pg=701,34370687|title=Bank to remain listed|periodical=Philippine Daily Inquirer|date=2000-12-11|access-date=2010-11-30}}</ref>



Chinatrust Philippines' president is currently Steve Tsai.<ref>{{Cite web |url=http://www.ctbcbank.com.ph/AboutUs/BoardandManagement/En_BoardofDirectors.html |title=Archived copy |access-date=2015-08-22 |archive-url=https://web.archive.org/web/20150719000210/http://www.ctbcbank.com.ph/AboutUs/BoardandManagement/En_BoardofDirectors.html |archive-date=2015-07-19 |url-status=dead }}</ref> Its 23 branches give it one of the most extensive branch networks among foreign-owned banks in the Philippines.<ref>{{citation|url=http://www.mb.com.ph/articles/263596/chinatrust-philippines-nets-p234-million|periodical=Manila Bulletin|date=2010-06-24|accessdate=2010-11-30|title=Chinatrust Philippines nets P234 million}}</ref>

Chinatrust Philippines' president is currently Steve Tsai.<ref>{{Cite web |url=http://www.ctbcbank.com.ph/AboutUs/BoardandManagement/En_BoardofDirectors.html |title=Archived copy |access-date=2015-08-22 |archive-url=https://web.archive.org/web/20150719000210/http://www.ctbcbank.com.ph/AboutUs/BoardandManagement/En_BoardofDirectors.html |archive-date=2015-07-19 |url-status=dead }}</ref> Its 23 branches give it one of the most extensive branch networks among foreign-owned banks in the Philippines.<ref>{{citation|url=http://www.mb.com.ph/articles/263596/chinatrust-philippines-nets-p234-million|periodical=Manila Bulletin|date=2010-06-24|access-date=2010-11-30|title=Chinatrust Philippines nets P234 million}}</ref>



==United States subsidiary==

==United States subsidiary==

CTBC Bank Corp. (USA) was one of the first Asian American banks to operate both in the Eastern and Western United States.<ref name="Self"/> Services provided include issuance of [[letter of credit|letters of credit]] as well as real estate and [[construction loan]]s. In November 2012, [[Noor Menai]] was named President & CEO.<ref name="New CEO">{{citation|url=http://www.businesswire.com/news/home/20121220006316/en/Chinatrust-Commercial-Bank-Appoints-Noor-Menai-President#.VSLBuEa2-jg|title=Chinatrust Commercial Bank Appoints Noor Menai President & CEO of Chinatrust Bank|publisher=BusinessWire|accessdate=2015-04-06}}</ref>

CTBC Bank Corp. (USA) was one of the first Asian American banks to operate both in the Eastern and Western United States.<ref name="Self"/> Services provided include issuance of [[letter of credit|letters of credit]] as well as real estate and [[construction loan]]s. In November 2012, [[Noor Menai]] was named President & CEO.<ref name="New CEO">{{citation|url=http://www.businesswire.com/news/home/20121220006316/en/Chinatrust-Commercial-Bank-Appoints-Noor-Menai-President#.VSLBuEa2-jg|title=Chinatrust Commercial Bank Appoints Noor Menai President & CEO of Chinatrust Bank|publisher=BusinessWire|access-date=2015-04-06}}</ref>



CTBC USA has its heaviest presence in [[Southern California]] with its main branch in [[Downtown Los Angeles]], along with [[City of Industry, California|Industry]], [[Arcadia, California|Arcadia]], [[Irvine, California|Irvine]], [[Monterey Park, California|Monterey Park]], [[San Gabriel, California|San Gabriel]], [[San Marino, California|San Marino]], and [[Rowland Heights, California|Rowland Heights]]. Three locations are in the [[San Francisco Bay Area]], including [[San Francisco]]'s [[Embarcadero (San Francisco)|Embarcadero]], [[Cupertino, California|Cupertino]], and [[Milpitas, California|Milpitas]], and the bank has three locations in [[New York metropolitan area|Greater New York]], including [[Sunset Park, Brooklyn]], [[Flushing, Queens|Flushing]], and [[Edison, New Jersey]]. The bank uses [[Allpoint]] as its nationwide [[automated teller machine|ATM]] [[Interbank network|network]] provider.<ref name="Locations">{{citation|url=https://www.ctbcbankusa.com/Locations/En_BranchLocations.html|title=Branch/ATM Locations|publisher=Chinatrust Commercial Bank|accessdate=2015-04-06}}</ref>

CTBC USA has its heaviest presence in [[Southern California]] with its main branch in [[Downtown Los Angeles]], along with [[City of Industry, California|Industry]], [[Arcadia, California|Arcadia]], [[Irvine, California|Irvine]], [[Monterey Park, California|Monterey Park]], [[San Gabriel, California|San Gabriel]], [[San Marino, California|San Marino]], and [[Rowland Heights, California|Rowland Heights]]. Three locations are in the [[San Francisco Bay Area]], including [[San Francisco]]'s [[Embarcadero (San Francisco)|Embarcadero]], [[Cupertino, California|Cupertino]], and [[Milpitas, California|Milpitas]], and the bank has three locations in [[New York metropolitan area|Greater New York]], including [[Sunset Park, Brooklyn]], [[Flushing, Queens|Flushing]], and [[Edison, New Jersey]]. The bank uses [[Allpoint]] as its nationwide [[automated teller machine|ATM]] [[Interbank network|network]] provider.<ref name="Locations">{{citation|url=https://www.ctbcbankusa.com/Locations/En_BranchLocations.html|title=Branch/ATM Locations|publisher=Chinatrust Commercial Bank|access-date=2015-04-06}}</ref>



==Canadian subsidiary==

==Canadian subsidiary==


Revision as of 21:22, 15 January 2021

CTBC Bank Co., Ltd.
中國信託商業銀行股份有限公司
Company typePrivately owned company
IndustryBank
Founded1966
Headquarters ,

Area served

Taiwan

Key people

Governor: Jeffrey Koo Sr.
Chairman: Chao Chin Tung
CEO: James Chen
ParentCTBC Financial Holding
WebsiteChinatrust Commercial Bank Limited

CTBC Bank (Chinese: 中國信託商業銀行; pinyin: Zhōngguó Xìntuō Shāngyè Yínháng) is amongst the largest privately owned banksinTaiwan.

History

It was established in 1966 under the name China Securities and Investment Corporation. In 1971, its name was changed to Chinatrust Investment Company Limited. In 1992, it was transformed into Chinatrust Commercial Bank.[1]

The bank has subsidiaries in the Philippines, the United States, Canada, and Indonesia, foreign branch officesinSingapore, Hong Kong, India, Japan, and Vietnam, and foreign representative offices in London, Bangkok, Hanoi, Beijing, Manila, and Los Angeles.[1]

CTBC Bank was awarded by international professional agencies as Best Bank in Taiwan in Asiamoney and The Asset magazines.[citation needed] In the area of corporate banking, CTBC Bank was recognized by Global Finance and Asiamoney as the Best Foreign Exchange Bank in Taiwan,[citation needed] while Global Finance, The Asset, The Asian Banker, The Corporate Treasurer, and Global Trade Review magazines named CTBC Bank Taiwan’s Best Trade Finance Bank.[citation needed] CTBC Bank was awarded Best Retail Bank in Taiwan by The Asian Banker for the ninth time and was named Taiwan’s Best Wealth Management Bank in Euromoney for the eleventh time.[citation needed]

Philippine subsidiary

Chinatrust Philippines Commercial Bank Corp. is a subsidiary of Chinatrust Commercial Bank Corp. of Taiwan. It is listed on the Philippine Stock Exchange, but the majority of shares are held by Chinatrust Taiwan. In November 2000, Chinatrust Taiwan agreed to 63,526,127 shares of Chinatrust Philippines at P19 per share from a group of shareholders led by then-President William Go, increasing its shareholding from 57.5% to 91%.[2][3] However, there was some uncertainty surrounding this transaction, as with a public float of less than 10% of shares outstanding, Chinatrust Philippines would have to be delisted.[3] In the end, Chinatrust Philippines was able to remain listed by declaring its intention to issue more shares through a secondary market offering, and paying fines to the exchange in the meantime. However, in 2012, CCB has been delisted from the Philippine Stock Exchange.[4]

Chinatrust Philippines' president is currently Steve Tsai.[5] Its 23 branches give it one of the most extensive branch networks among foreign-owned banks in the Philippines.[6]

United States subsidiary

CTBC Bank Corp. (USA) was one of the first Asian American banks to operate both in the Eastern and Western United States.[1] Services provided include issuance of letters of credit as well as real estate and construction loans. In November 2012, Noor Menai was named President & CEO.[7]

CTBC USA has its heaviest presence in Southern California with its main branch in Downtown Los Angeles, along with Industry, Arcadia, Irvine, Monterey Park, San Gabriel, San Marino, and Rowland Heights. Three locations are in the San Francisco Bay Area, including San Francisco's Embarcadero, Cupertino, and Milpitas, and the bank has three locations in Greater New York, including Sunset Park, Brooklyn, Flushing, and Edison, New Jersey. The bank uses Allpoint as its nationwide ATM network provider.[8]

Canadian subsidiary

CTBC Bank Corp. (Canada) is a Schedule II bank, mainly operating in Metro Vancouver through three branches in Downtown Vancouver, Richmond, and Burnaby, along with a suburban Toronto branch in Markham.

References

  1. ^ a b c About Chinatrust, Chinatrust Commercial Bank, retrieved 2011-03-31
  • ^ Torrijos, Elena R. (2000-11-27), "Taiwan bank buys out local partners", Philippine Daily Inquirer, retrieved 2010-11-30
  • ^ a b Torrijos, Elena R. (2000-11-30), "Chinatrust to sell 34% stake to Taipei-based parent firm", Philippine Daily Inquirer, retrieved 2010-11-30
  • ^ "Bank to remain listed", Philippine Daily Inquirer, 2000-12-11, retrieved 2010-11-30
  • ^ "Archived copy". Archived from the original on 2015-07-19. Retrieved 2015-08-22.{{cite web}}: CS1 maint: archived copy as title (link)
  • ^ "Chinatrust Philippines nets P234 million", Manila Bulletin, 2010-06-24, retrieved 2010-11-30
  • ^ Chinatrust Commercial Bank Appoints Noor Menai President & CEO of Chinatrust Bank, BusinessWire, retrieved 2015-04-06
  • ^ Branch/ATM Locations, Chinatrust Commercial Bank, retrieved 2015-04-06

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=CTBC_Bank&oldid=1000606397"

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