KGI Bank explained

KGI Bank 凱基商業銀行
Foundation:	12 February 1992
Founder:	Hsu Sheng-fa
Location:	Songshan, Taipei, Taiwan
Key People:	Mark Wei, Chairperson Richard Chang, President
Industry:	Banking
Products:	Financial services
Assets:	NT$519,056,260,000 (30 June 2016)

KGI Bank is a commercial bank of Taiwan. It is part of KGI Financial Holding.

History

Cosmos Bank

The financial institution founded by Hsu Sheng-fa obtained its incorporation approval on 13 August 1991 as Cosmos Bank. It acquired its license on 14 January 1992 and commenced its business on 12 February 1992.

On 10 February 2014, the bank agreed on share-swap to make it a subsidiary of KGI Financial Holding Corporation (CDF) and officially became CDF subsidiary on 15 September 2014. CDF acquired Cosmos Bank at the cost of NT$23.09 billion.^{[1] [2]}

KGI Bank

In January 2015, Cosmos Bank was renamed as KGI Commercial Bank.^{[3] [4] [5] [6]}

From this point on, CDIB's Corporate Banking and Financial Markets were ceded to KGI Commercial Bank.^[7]

See also

• List of banks in Taiwan
• KGI Financial Holding

Notes and References

1. Web site: 開發金控砸230億 併購萬泰銀行. 2014-02-10. Central News Agency. zh-tw. 田裕斌. 2014-02-10.
2. News: 併入開發金 萬泰銀下市. 2014-09-16. 台灣蘋果日報. 陳瑩欣、林巧雁. 2014-10-09.
3. Web site: Introduction. 9. 2004. KGI Bank. 20 March 2017.
4. Web site: Introduction. KGI Bank. 20 March 2017.
5. News: 萬泰銀掰掰！ 正式更名為凱基銀行. 2014-10-09. 台灣蘋果日報即時新聞. 陳瑩欣. 2014-10-09.
6. Web site: 萬泰銀走進歷史 改名凱基銀行. 2014-10-09. Central News Agency. zh-tw. 田裕斌. 2014-10-09.
7. Web site: 凱基銀讓與完成 開發金拚總資產破兆. 2015-05-05. United Daily News. zh-tw. 楊筱筠. 2015-05-12.