The Taiwan Cooperative Bank (TCB; ) is a publicly listed bank headquartered in Taipei, Taiwan. Originally established in 1923 during Japanese rule in Taiwan, TCB was reorganized in 1946 and has grown significantly since. Today, it is one of the largest banks in Taiwan and has the most branches (301) among Taiwanese banks. Taiwan Cooperative Bank is one of Taiwan's six domestic systemically important banks.
History
The bank was first established in 1923 as an alliance of about 290 credit unions in Taiwan.
In 2009, BNP Paribas announced a joint venture with TCB to sell insurance products in Taiwan.[2] The following year, BNP announced another joint venture with TCB to set up an asset management operation in Taiwan.[3]
Taiwan Cooperative Bank was listed by the Financial Supervisory Commission as a domestic systemically important bank (D-SIB), along with Taipei Fubon Bank, CTBC Bank, Cathay United Bank, Mega International Commercial Bank, and First Commercial Bank (第一銀行).[4]
In 2022, the bank opened a Czech office in Prague to tap business opportunities in Central Europe. The move came in the midst of warming relations between Taiwan and the Czech Republic.[5]
On 2 July 2023, CEO Lin Chien-hao (林謙浩) died, and operations were announced to be continuing under the interim leadership of bank president Lin Mao-yin (林衍茂) and general manager Chen Mei-tsu (陳美足).[6]
Baseball team
The Taiwan Cooperative Bank Baseball Team, also known as TCB Baseball Team , is a team in the Popcorn League. Along with Taipower, TCB was one of the two teams in Taiwan's First Division amateur baseball league that were owned by government-sponsored corporations. The team won the Popcorn League championship in the 2017, 2018, 2020, 2021, and 2022 seasons and has the most championships in the league.
Founded in 1948, players on the team included Olympian Chang Hsing-hsien.[7]
See also
- List of banks in Taiwan
- List of companies of Taiwan
- Economy of Taiwan
External links
- Official bank site in English
References
- Annual Report (2022) Taiwan Cooperative Bank^
- Faith Hung. BNP Paribas ups Taiwan presence with insurance JV Reuters, 13 January 2009, retrieved 23 December 2023^
- Taiwan Cooperative Bank and BNP Paribas Investment Partners sign a joint venture agreement to establish "BNP Paribas TCB Asset Management Co., Ltd" BNP Paribas Investment Partners, 22 January 2010^
- Shih-ching Kao. CTBC unique among six 'domestically important banks' in capital adequacy Taipei Times, 11 October 2022, retrieved 27 December 2023^
- Crystal Hsu. State-run bank opens Czech office Taipei Times, 17 November 2022, retrieved 23 December 2023^
- Duncan DeAeth. CEO of Taiwan Cooperative Bank dies at 64 years old Taiwan News, 2 July 2023, retrieved 23 December 2023^
- Andrew Morris. Colonial Project, National Game: A History of Baseball in Taiwan University of California Press, 2015^