KGI Bank's Ongoing Growth and Development Efforts

KGI Bank has been actively expanding its services to cater to the growing demand for digital banking solutions. This is evident in its recent launch of a mobile banking app, which allows customers to manage their accounts and perform transactions on the go.

The bank has also been investing heavily in technology to improve its operational efficiency. According to its recent financial reports, KGI Bank has seen a significant reduction in processing times and costs due to its upgraded systems.

One notable initiative is the bank's efforts to increase its branch network in rural areas. This is aimed at promoting financial inclusion and providing access to banking services to underserved communities.

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KGI Bank has a rich history of expansion and mergers that have shaped it into the leading investment bank it is today. In 2002, CDF acquired Grand Cathay Securities Corporation and Elite Securities through a stock swap.

In 2003, CDF merged Grand Cathay Securities and Elite Securities, creating a stronger entity. The acquisition of KGI Securities in 2012 was a significant milestone, with CDF paying NT$54.6 billion for the second-largest securities firm in Taiwan.

The merger with KGI Securities was completed in 2013, and KGI became the surviving company after merging with Grand Cathay Securities Corporation. This move solidified KGI's position as a leader in domestic investment banks, bonds, and new financial products.

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To prepare for its next growth phase, the company has chosen to partner with TCS BaNCS, a leading provider of software solutions for the financial services industry. This strategic move is expected to drive innovation and efficiency in its operations.

TCS BaNCS will help the company to modernize its core banking systems, enabling it to better serve its customers and stay competitive in the market. Its expertise in digital transformation will also support the company's efforts to enhance its customer experience.

The partnership with TCS BaNCS is a significant step towards achieving the company's goal of expanding its reach and increasing its market share. With this partnership, the company is well-positioned to take advantage of new opportunities and continue its growth trajectory.

By leveraging TCS BaNCS's cutting-edge technology and expertise, the company will be able to streamline its operations, reduce costs, and improve its overall performance. This will enable it to invest in new initiatives and drive further growth.

The company's decision to partner with TCS BaNCS is a testament to its commitment to innovation and customer satisfaction. This partnership will play a key role in supporting the company's expansion plans and driving its next phase of growth.

CDC Finance & Leasing Corporation has a domestic subsidiary that was established on May 1, 1996. This subsidiary serves as a service platform for KGI Bank's leasing operations in Taiwan.

The management team behind this subsidiary has extensive leasing experience, which has been instrumental in shaping the company's approach to installment sales and lease financing.

The company specializes in providing financing solutions to small and medium-sized enterprise clients, with a focus on building a stable foundation for its operations.

In 2002, CDF expanded its reach by acquiring two subsidiaries, Grand Cathay Securities Corporation and Elite Securities, through a stock swap on November 8.

CDF merged Grand Cathay Securities and Elite Securities on December 31, 2003.

CDF's attempt to acquire Jinding Securities in 2005 was met with resistance from the original management team, leading to a four-year stalemate.

By 2009, CDF had acquired a 48% stake in Jinding Securities, but ultimately failed to merge with the company.

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In 2012, CDF made a significant acquisition by buying KGI Securities, the second-largest securities firm in Taiwan, for NT$54.6 billion.

The acquisition was completed on January 18, 2013, with CDF acquiring 100% of KGI's stock rights.

KGI Securities merged with Grand Cathay Securities Corporation in 2013, with KGI emerging as the surviving company.

This merger marked a significant milestone in CDF's expansion, solidifying its position as a leader in domestic investment banks and new financial products.

CDF acquired Cosmos Bank as a subsidiary in 2014, paying NT$23.09 billion for the privilege.

Cosmos Bank was later rebranded as KGI Commercial Bank in 2015, and its corporate finances and financial markets were transferred to the new entity.

In 2017, CDIB transformed into CDIB Capital Group, expanding its asset management business and private equity investment funds. This marked a significant shift in the company's operations.

The group welcomed China Life, renamed KGI Life in 2024, in September 2017. This partnership has likely had a lasting impact on the company's growth.

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By 2021, CDF had committed to achieving net zero carbon emissions by 2045, a commendable goal for any organization. This commitment demonstrates the company's dedication to sustainability.

CDF also completed its move to a new headquarters in October 2021, marking the 20th anniversary of the holding company. This significant milestone highlights the company's growth and progress.

In 2024, the company rebranded as KGI Financial Holding Co., Ltd., reflecting its expanded operations and market position. This change in name likely signifies the company's increased presence in the financial sector.

In January 2015, Cosmos Bank was renamed as KGI Commercial Bank. This marked a significant change for the bank.

KGI Commercial Bank took over CDIB's Corporate Banking and Financial Markets from then on.

In 2017, CDIB transformed into CDIB Capital Group in March, marking a significant change in its business operations.

CDIB Capital Group has been committed to private equity investment funds and actively expanding its asset management business.

In September of the same year, China Life became an integral part of the group, a move that further solidified CDIB's position in the market.

The company continued to grow and evolve in 2021, with CDF committing to net zero carbon emissions by 2045 in April.

CDF also convened an extraordinary shareholders’ meeting in October of that year, approving the acquisition of all remaining China Life stock.

The company completed the move to its new headquarters in October 2021, marking the 20th anniversary of the holding company.

By 2024, the company had undergone another significant transformation, rebranding as KGI Financial Holding Co., Ltd. to reflect its expanded operations and market position.

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KGI Bank recently announced the resolution to permit its directors to engage in competitive conduct. This decision was made at the shareholders' meeting held on August 18, 2022.

The resolution allows five directors to engage in competitive conduct, including Hui-Shu Tsao, Chih-Chien Yen, Pi-Lin Huang, Li-Chi Chen, and Jui-Te Yu. These directors are permitted to engage in business with other companies that are within or similar to the business scope of KGI Bank.

The period of permission to engage in competitive conduct is tied to the appointment term. This means that the directors will be allowed to engage in competitive conduct for as long as they serve on the board.

The resolution was approved by the board of directors without the attendance of the interested directors. This is in accordance with Article 209 of the Company Act.

Hui-Shu Tsao, one of the directors permitted to engage in competitive conduct, will also serve as a director of Suyin KGI Consumer Finance Co., Ltd.