Land Bank of Taiwan (LBOT; ) is a wholly state-owned bank in Taiwan (ROC). It was owned by the

Taiwan Provincial Government The Taiwan Provincial Government was the government that governed Taiwan Province of the Republic of China. Its functions have been transferred to the National Development Council and other ministries of the Executive Yuan. History At the ...

before its downsizing on December 21, 1998, when it was transferred to the jurisdiction of the Executive Yuan. It is the only bank designated by the ROC government as a specialised bank for handling real estate and agricultural credit. Its objective is to develop national economic construction in coordination with the implementation of the government's housing, agricultural, and land policies.

History

The history of the Land Bank of Taiwan dates from 1945 and the end of

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...

. To facilitate the implementation of land policies such as land-rights equalization and the land-to-the-tiller program in Taiwan, the ROC government allocated 60 million dollars from the national treasury and took over the five branches of the Nippon Kangyo Bank (NKB) set up in

Taipei Taipei (), officially Taipei City, is the capital and a special municipality of the Republic of China (Taiwan). Located in Northern Taiwan, Taipei City is an enclave of the municipality of New Taipei City that sits about southwest of the ...

Hsinchu Hsinchu (, Chinese: 新竹, Pinyin: ''Xīnzhú'', Wade–Giles: ''Hsin¹-chu²'') is a city located in northwestern Taiwan. It is the most populous city in Taiwan Province not among the special municipalities, with estimated 450,655 inhabi ...

Taichung Taichung (, Wade–Giles: ''Tʻai²-chung¹'', pinyin: ''Táizhōng''), officially Taichung City, is a special municipality located in central Taiwan. Taichung has approximately 2.8 million residents and is the second most populous city of Ta ...

Tainan Tainan (), officially Tainan City, is a special municipality in southern Taiwan facing the Taiwan Strait on its western coast. Tainan is the oldest city on the island and also commonly known as the "Capital City" for its over 200 years of his ...

, and Kaohsiung during Japanese rule. The “Land Bank of Taiwan” was established in accordance with ROC law on 1 September 1946. In May 1985, the Land Bank of Taiwan became qualified as a juristic person according to Article 52 of the Banking Act; on 21 December 1998, it became a state-run organization upon implementation of the Province Simplification Statute; on 1 July 2003, it was reorganized as the "Land Bank of Taiwan Co., Ltd." On 21 May 2004, it was transformed into a public company to prepare for initial public offering on privatization.

Organisational structure

The LBOT's managerial structure consists of the head office with 23 units, 148 domestic branches (excluding OBU) in Taiwan, and 6 overseas branches and offices. The Overseas Branches and Offices are LBOT Los Angeles Branch, LBOT New York Branch, LBOT Singapore Branch, LBOT Hong Kong Branch, LBOT Shanghai Representative Office in P.R.C. and LBOT Ho Chi Minh City Representative Office in Vietnam. LBOT's Shanghai branch officially opened on December 29, 2010. In addition, the LBOT sets up six Regional Centers in the form of a task force.

Employees

At the end of 2008, the number of employees was 5,815 .

Credit ratings

Moody’s Investors Service, DEC 02 2008: Aa3, Outlook :Stable Standard & Poor’s, MAY 20 2009: A−, Outlook :Stable

History

Organisational structure

Employees

Credit ratings

See also