Taipei Fubon Bank is a major bank in Taiwan, offering a wide range of services to its customers. It was established in 1989 and has since grown to become one of the largest banks in the country.
The bank has a strong presence in the Taiwanese market, with over 200 branches and a large network of ATMs. Its services include personal banking, corporate banking, and investment banking.
Taipei Fubon Bank offers a variety of personal banking services, including savings accounts, checking accounts, and loans. Its loan products include mortgages, personal loans, and credit cards.
The bank's corporate banking services cater to the needs of small and medium-sized enterprises, providing them with access to financing, cash management, and trade finance.
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About the Bank
Taipei Fubon Bank has a long history in Taiwan, dating back to its founding in 1985.
The bank was established by a group of entrepreneurs who wanted to provide financial services to the growing middle class in Taiwan.
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Taipei Fubon Bank is a subsidiary of Fubon Financial Holding Co., Ltd., one of the largest financial holding companies in Taiwan.
Fubon Financial Holding Co., Ltd. was founded in 1989 and has since grown to become a leading player in the Taiwanese financial industry.
Taipei Fubon Bank offers a wide range of financial products and services, including personal banking, corporate banking, and investment services.
The bank has a strong presence in Taiwan, with over 200 branches and a large network of ATMs.
Taipei Fubon Bank has received numerous awards and recognition for its excellent customer service and innovative financial products.
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Bank Services
Taipei Fubon Bank offers a range of convenient services to its customers.
Their online banking system allows users to access their accounts, pay bills, and transfer funds from the comfort of their own homes.
Taipei Fubon Bank has a large network of over 600 branches across Taiwan, making it easily accessible to customers.
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Their mobile banking app is available for download on both iOS and Android devices, providing users with a secure and convenient way to manage their accounts on-the-go.
Taipei Fubon Bank's ATM network is one of the largest in Taiwan, with over 2,000 ATMs available for customers to withdraw cash and check their balances.
Their customer service team is available 24/7 to assist with any questions or concerns customers may have.
Taipei Fubon Bank's credit card services offer customers a range of benefits, including rewards programs, purchase protection, and travel insurance.
Business and Partners
Taipei Fubon Bank has a strong presence in Taiwan, with over 160 branches across the country.
The bank offers a wide range of financial services, including personal banking, corporate banking, and investment banking.
One of the bank's notable partnerships is with the Fubon Group, a leading conglomerate in Taiwan.
Co., Ltd
In some Asian countries, you'll notice that companies are often referred to as "Co., Ltd". This is a common business title, particularly in Taiwan.
The "Co., Ltd" title is used by the Taipei Fubon Commercial Bank, as seen in the example of Taipei Fubon Commercial Bank Co., Ltd.
This title is typically used to indicate that the company is a limited liability company, which means the owners' personal assets are generally protected in case the company goes bankrupt.
In Taiwan, you'll often see this title used by banks and other financial institutions, as well as by larger corporations.
TSMC Opens Japan Branch
Taipei Fubon Bank is following in the footsteps of TSMC by opening a branch in Japan. Taipei Fubon Bank is applying to the Japanese authorities to open a branch in Tokyo, which could launch in 2025.
The move is a significant one, as it marks the second Taiwanese bank to plan a move into Japan this year. Eight Taiwanese financial institutions already run operations in Japan.
Taipei Fubon Bank President Tim Kuo said that after receiving a green light from the FSC on July 2, the bank moved to apply with the Japanese government. The Tokyo branch should open during the second half of 2025 and reach the breakeven point within three years.
Partners & Customers
Taipei Fubon Commercial Bank has a strong network of strategic partners and customers. They recently partnered with Costco Wholesale, a US-based multinational retailer, on January 1, 2023.
This partnership is a significant move for Taipei Fubon, as it allows them to offer co-branded credit cards to Costco customers. Cathay United Bank, which previously held the co-branding rights, ended its decade-long partnership with Costco in August 2023.
Taipei Fubon spent NT$ 1.2 billion (approximately US$ 39.52 million) to secure the partnership with Costco. This investment is a testament to the bank's commitment to expanding its customer base and offerings.
The bank also partners with EZTable, a Taiwanese company, and Avaloq Group, a Swiss financial technology firm. These partnerships demonstrate Taipei Fubon's efforts to collaborate with innovative companies and enhance its services.
Here are the details of Taipei Fubon's partners and customers:
Investments and Acquisitions
Taipei Fubon Commercial Bank has made significant investments and acquisitions in recent years. Their latest investment was in LINE Bank Taiwan as part of their Corporate Minority on May 20, 2022.
Taipei Fubon Commercial Bank acquired Jih Sun International Bank on January 18, 2023, in a merger valued at $XXM. This acquisition marked a notable expansion of their portfolio.
Taipei Fubon Commercial Bank's investments and acquisitions are a testament to their commitment to growth and innovation.
Avaloq Scales Business
Avaloq has partnered with Taipei Fubon Bank to scale its private banking business.
The partnership will enable Taipei Fubon Bank to develop a state-of-the-art wealth management platform for its private banking business in Hong Kong, Singapore, and Taiwan.
Taipei Fubon Bank is one of Taiwan’s largest commercial banks.
The wealth management platform will be powered by Avaloq’s core banking system.
Avaloq is a global leader in wealth management technology.
The platform will initially serve private banking clients in Hong Kong and Singapore, before scaling to serve onshore Taiwan clientele.
Taipei Fubon Bank selected Avaloq for its effectiveness and adherence to regulatory requirements.
Avaloq’s platform is compliant with key financial regulations.
The platform will incorporate a broad range of financial instruments and products such as equities, currencies, mutual funds, dual currency investment, and structured products.
The initial deployment will focus on Customer Relationship Management, Know-Your-Customer, regulatory compliance, and product management.
Taipei Fubon Bank aims to reduce its time to market and better serve different client segments in an efficient manner.
The partnership will help Taipei Fubon Bank abide by regulatory requirements across different jurisdictions.
Investments
Taipei Fubon Commercial Bank has made 1 investment in LINE Bank Taiwan as part of their Corporate Minority on May 20, 2022.
This is a notable example of a bank investing in a fintech company.
News and Announcements
Taipei Fubon Bank has a strong presence in Taiwan, with over 200 branches across the country.
Their services include a wide range of financial products, such as loans, credit cards, and investment accounts.
Taipei Fubon Bank is a subsidiary of Fubon Financial Holding Co., Ltd., a leading financial services group in Taiwan.
They have received numerous awards and recognitions for their innovative banking services and commitment to customer satisfaction.
Fubon Bank's mobile banking app allows customers to manage their accounts, pay bills, and transfer funds on the go.
Their customer service team is available 24/7 to assist with any banking queries or concerns.
Frequently Asked Questions
Who owns Fubon Bank?
Fubon Bank is owned by Fubon Financial Holdings, a leading financial holding company in Taiwan. Fubon Financial Holdings is its parent company.
How big is Fubon Bank?
As of 2024, Fubon Financial Holdings has total assets of NT$11.77 trillion, making it one of the largest financial institutions in the sector. Its significant size and market capitalization highlight its importance in the industry.
Who is the CEO of Taipei Fubon Bank?
The CEO of Taipei Fubon Bank is Simon Chung Kwok Keung, who was appointed in July 2021. He also serves as Chairman of Fubon Credit (Hong Kong) Limited.
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