Overview of Banks in Taiwan
The Central Bank of the Republic of China (Taiwan) was established in 1924. It is administered under the Executive Yuan of the ROC Government. The central bank regulates the activities of financial institutions and banks in Taiwan to guarantee the effective enforcement of its policies.
The main functions of Taiwan’s central bank are:
- Manages the country’s monetary policy and payment systems
- Issues currency
- Acts as a fiscal agent of the government and handles the issuance, registration, redemption, and interest payments of central government bonds and treasury bills
- Manages foreign exchange
According to Moody’s, in March 2021, the rating outlook for Taiwan’s (Aa3 positive) banking system changed to stable from negative, reflecting the territory’s strong and resilient economic growth. Taiwan’s economy has emerged from the coronavirus pandemic in relatively good shape. As the global economy recovers in 2021, it will likely remain strong, supporting banks’ operating environment, asset quality, and liquidity.
For anyone considering a banking career in Taiwan, this list of top banks in Taiwan is a helpful guide on where to start. To learn more, see our list of financial institutions.
The Top Banks in Taiwan are:
Established in 1966, CTBC Bank is one of the largest private banks in Taiwan. Formerly known as China Securities and Investment Corporation, the bank became a subsidiary of CTBC Financial Holding Co. Ltd. In 2002.
Headquartered in Taipei, it employs around 15,575 employees and operates a total of 152 branches in Taiwan and 116 overseas outlets located in the US, Canada, Japan, Indonesia, the Philippines, India, Thailand, Vietnam, Malaysia, Hong Kong, Singapore, China, Myanmar, and Australia.
Net Income: TWD 27.27 billion (2020)
Total Assets: TWD 4.51 trillion (3/2021)
Hua Nan Com Bank
Hua Nam Com Bank provides commercial banking products and services in Taiwan, as well as in other countries. Established in 1919, the bank oversees a network of 186 branches in the country, one offshore banking unit, and 12 overseas branches. It employs around 8,000 staff, operating out of Taipei City.
Net Income: TWD 12.46 billion (2020)
Total Assets: TWD 3.20 trillion (3/2021)
Bank of Taiwan
Founded in 1946, the Bank of Taiwan is the first of the government-owned banks in Taiwan. The bank now operates a subsidiary of Taiwan Financial Holdings. It manages a network of 163 branches in the country, 10 overseas branches, one sub-branch, two representative offices, one offshore banking unit, and three preparatory offices. With around 8,280 employees, it is based in Taipei City.
Net Income: TWD 11.52 billion (2020)
Total Assets: TWD 5.40 trillion (2020)
Shanghai Commercial and Savings Bank
Headquartered in Taipei City, Shanghai Commercial and Savings Bank offers commercial banking services to retail and corporate clients in Taiwan. Established in 1915, it currently employs 2,600 individuals and operates 72 branches. It also manages seven overseas branches in Shanghai, Shenzhen, Shanghai Pilot Free Trade Zone, London, New York, San Francisco, and Los Angeles, USA.
Net Income: TWD 13.46 billion (2020)
Total Assets: TWD 2.12 trillion (3/2021)
Land Bank of Taiwan
Land Bank of Taiwan was formed in 1945. The bank operates a network of 150 domestic branches, seven overseas branches, and an international finance business branch. With around 5,754 employees, it is headquartered in Taipei City.
Net Income: TWD 8.64 billion (2020)
Total Assets: TWD 3.11 trillion (2020)
Taiwan Cooperative Bank
Taiwan Cooperative Bank is a subsidiary of Taiwan Cooperative Financial Holding Company, Ltd. Founded in 1946, the bank provides corporate and retail banking products and services in Taiwan and other countries. It runs its operations through its Deposit and Loan Section, Credit Section, Funding Section, Trust and Insurance Section, and Others segments.
Based in Taipei City, the cooperative bank manages 269 domestic and 21 overseas branches and employs around 8,627 individuals.
Net Income: TWD 14.89 billion (2020)
Total Assets: TWD 3.95 trillion (3/2021)
Established in 1964, Citibank Taiwan provides financial products and services to consumers, corporations, governments, and institutions. The bank operates as a subsidiary of Citibank Overseas Investment Corporation. With headquarters in Taipei City, its workforce comprises around 3,986 employees.
Net Income: TWD 8.44 billion (2020)
Total Assets: TWD 849.9 billion (2020)
Taipei Fubon Bank
Taipei Fubon Commercial Bank was formed after a merger between two other banks in Taiwan – Fubon Bank and TaipeiBank in 2005. The bank comprises Personal Finance Group, Corporate Banking Group, and Overseas Subsidiary segments. It manages a network of 132 branches, five overseas branches, and an offshore banking unit.
The bank is a subsidiary of Fubon Financial Holdings Co. Ltd and is based in Taipei City with 7,454 employees.
Net Income: TWD 18.79 billion (2020)
Total Assets: TWD 3.28 trillion (3/2021)
Sun Commercial Bank
Founded in 1992, E.Sun Commercial Bank currently operates as a subsidiary of E.Sun Financial Holding Company, Ltd. The bank provides deposits, loans, credit card management, foreign exchanges, and other financial services. Headquartered in Taipei City, it manages a network of 137 domestic branches and 24 outlets in China, Hong Kong, Singapore, Los Angeles, Vietnam, Cambodia, Myanmar, and Australia.
Net Income: TWD 16.46 billion (2020)
Total Assets: TWD 2.90 trillion (3/2021)
Careers in Investment Banking
To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map: For banking careers, you will have a significant edge over the competition with CFI’s financial modeling courses.
This has been CFI’s guide to the top banks in Taiwan. For anyone looking for a career in banking, this list is a great place to start your networking. Please also see these additional resources: