Taichung Commercial Bank
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The Taichung Bank (), officially Taichung Commercial Bank, is a public
bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...
headquartered in
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 Taiw ...
,
Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...
. In 2015, Fitch Ratings assigned ratings to Taiwan's Taichung Commercial Bank (TCB) as follows: 'BB+' (BB plus) Long-term Issuer Default Rating (IDR), 'B' Short-term IDR, 'A-(twn)' National Long-term rating, 'F2(twn)' National Short-term rating, 'bb+' Individual rating, '5' Support rating and 'NF' Support Rating Floor. In October 2022, the institution's board of directors announced that Taichung Bank was planning to acquire the
American Continental Bank American Continental Bank () is an overseas Chinese bank in the United States. Headquartered in Industry, California, with a branch office in San Gabriel, California, the bank is privately held and was established on October 6, 2003. The bank w ...
.


History

The Bank was formerly the Taichung District Joint Saving Company that was approved and established in April 1953.https://www.tcbbank.com.tw/eng/pages/History.html


See also

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List of banks in Taiwan This is a list of banks in Taiwan, including the government-owned banks of the Taiwan. Central Bank * Central Bank of the Republic of China (Taiwan) Governmental institutions Existing National Institutions * Agricultural Bank of Taiwan * ...
*
Economy of Taiwan The economy of Taiwan is a highly developed market economy. It is the 8th largest in Asia and 18th-largest in the world by purchasing power parity, allowing Taiwan to be included in the advanced economies group by the International Monetary F ...
*
Taiwan yen The was the currency of Japanese Taiwan from 1895 to 1946. It was on a par with and circulated alongside the Japanese yen. The yen was subdivided into 100 . It was replaced by the Old Taiwan dollar in 1946, which in turn was replaced by the New ...
*
Old Taiwan dollar The Old Taiwan dollar was in use from 1946 to 1949, beginning shortly after Taiwan's handover from Japan to the Republic of China. The currency was issued by the Bank of Taiwan. Hyperinflation prompted the introduction of the New Taiwan dollar i ...
*
Republic of China Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast ...
*
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 Taiw ...


References

Banks established in 1953 1953 establishments in Taiwan {{Taiwan-company-stub