Taichung Bank Explained

Taichung Bank
台中銀行
Type:Public (TSEC:2812)
Foundation:April 1953
Location:Taichung, Republic of China (Taiwan)
Key People:Lee, Chun Sheng, Chairman
Num Employees:2,197 (2015.12)
Industry:Banking
Products:Financial services
Revenue:NTD 4.14 billion (2015)
Net Income:NTD 3.40 billion (2015)
Homepage:www.tcbbank.com.tw

The Taichung Bank,[1] officially Taichung Commercial Bank, is a public bank headquartered in Taichung, Taiwan.

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.[2]

In October 2022, the institution's board of directors announced that Taichung Bank was planning to acquire the American Continental Bank.[3]

History

The Bank was formerly the Taichung District Joint Saving Company that was approved and established in April 1953.[4]

See also

Notes and References

  1. https://finance.yahoo.com/q?s=2812.TW TSEC:2812
  2. https://www.tcbbank.com.tw/intro/FitchRatings.html Fitch Assigns Ratings to Taichung Commercial Bank
  3. News: Pan . Tzu-yu and . Ko . Lin . Taichung Commercial Bank board agrees to acquire American bank . 4 October 2022 . Central News Agency . 1 October 2022. Republished as: News: TCB to purchase American Continental . 4 October 2022 . Taipei Times . 3 October 2022.
  4. https://www.tcbbank.com.tw/eng/pages/History.html