Chang Hwa Bank

Chang Hwa Bank, Ltd.

Type	Public (TWSE: 2801) since January 1, 1998
Industry	Banking
Founded	1905
Headquarters	Taichung, Taiwan
Area served	USA United Kingdom Singapore Hong Kong
Key people	Yongsan Li, Chairman of the Board Chengqing Wu, Managing Director, Wenyou Wang, Managing Director, Zhishang Gao, Managing Director, Leming Su, Managing Director
Products	Financial Services including: Consumer Banking Corporate Banking Investment Banking Stock broking
Revenue	NT$ 8.483 billion (2007) (US$ 267 million)
Parent	Taishin Financial Holding Co., Ltd.
Website	www.chb.com.tw

Chang Hwa Bank (Chinese: 彰化銀行; pinyin: Zhānghuà Yínháng; Pe̍h-ōe-jī: Chiong-hòa-gîn-hâng; TWSE: 2801) is a Taiwan-based financial institution that offers both retail and commercial banking services to private and corporate customers.

In December 1997, the Taiwan provincial government made public its shareholdings in the Bank in line with the government's policy of financial privatization. The Bank was officially privatized on January 1, 1998.

Today, the Bank has seven overseas branches and representatives offices and 175 domestic branches, 4 Sub-branches and 5 securities broker (as of Apr. 2008).^[1]

History

It was established in 1905 under Japanese rule in Changhua County, and relocated to Taichung in 1910. Japanese shares were taken over by the Republic of China government after World War Two. The bank was fully privatized in the late 1990s.

Corporate structure

• Chang Hwa Bank offers nine categories of businesses:
  • deposits (i.e. such as demand deposit),
  • corporate/institutional banking (including short- and mid-term operating capital financing, working capital for purchasing raw materials, export loans, capitalize loans and capital expenditure loans),
  • retail/consumer banking (e.g. mortgage loans, nest building preferential loans, loans for caring mortgage and loans for small suites),
  • credit cards, offering credit cards and banking cards,
  • foreign exchange of import and export as well as remittances,
  • e-banking (e.g. internet banking, telephone banking and mobile banking),
  • financial trusts, including specific purpose trust funds investing in domestic and foreign securities,
  • investments, providing government bonds, financial bonds, beneficial certificates and stocks, and security brokerage.

See also

• List of banks in Taiwan
• Republic of China
• Economy of Taiwan
• List of companies of Taiwan
• Taichung

References

1. ^ https://www.chb.com.tw/wps/wcm/connect/web/common/English/eOrg/ Organization Chart