Bank of Taiwan
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| State-owned | |
| Industry | Banking |
| Founded | 1897 |
| Headquarters | Taipei, Taiwan |
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Area served
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China (incl. Hong Kong) Japan Singapore South Africa United Kingdom United States |
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Key people
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Susan Chang, Chairperson |
| Products | Financial Services |
| Revenue |
 NTD 3.6 billion (2014) |
| Total assets |
NTD 4.402 trillion (2014) (US$ 135.19 billion) |
|
Number of employees
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6,654 (2007) |
| Parent | Taiwan Financial Holdings Group (臺灣金融控股公司) |
| Subsidiaries | Central Trust (中央信託局) |
| Website | http://www.bot.com.tw |
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Footnotes / references Issuer of banknotes (1899-2000), De facto Central Bank (1949-1961) |
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| Bank of Taiwan | |||||||||||||||||||||||||||
| Chinese name | |||||||||||||||||||||||||||
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| Simplified Chinese | |||||||||||||||||||||||||||
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| Japanese name | |||||||||||||||||||||||||||
| Kanji | 臺灣銀行 | ||||||||||||||||||||||||||
| Kana | たいわんぎんこう | ||||||||||||||||||||||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Táiwān Yínháng |
| Bopomofo | ㄊㄞˊ ㄨㄢ ㄧㄣˊ ㄏㄤˊ |
| Gwoyeu Romatzyh | Tair'uan Ynhang |
| Wade–Giles | T'ai²-wan¹ In²-hang² |
| Tongyong Pinyin | Táiwan Yínháng |
| MPS2 | Táiwān Yínháng |
| Hakka | |
| Romanization | Thòi-vàn ngiùn-hòng |
| Southern Min | |
| Hokkien POJ | Tâi-oân gîn-hâng |
| Tâi-lô | Tâi-uân gîn-hâng |
| Transcriptions | |
|---|---|
| Romanization | Taiwan Ginkō |
The Bank of Taiwan (BOT, Chinese: 臺灣銀行; pinyin: Táiwān Yínháng; Pe̍h-ōe-jī: Tâi-oân gîn-hâng, see below) is a bank headquartered in Taipei, Taiwan. It is administered and owned by the Executive Yuan of the Republic of China (Taiwan).
The Bank of Taiwan was established as Taiwan's central bank in 1899, during Japanese rule. The bank's creation was authorized in 1897 by the Bank Act of Taiwan which encouraged Japanese enterprises, such as the Mitsubishi and Mitsui Groups, to invest in Taiwan. Extensive cooperation ensued between the Nippon Kangyo Bank and the Bank of Taiwan. A financial crisis facing these banks in 1927 was relieved with assistance from the Bank of Japan. Bank branches were created in other parts of Asia as the empire expanded, including areas in China and Southeast Asia.
After the Japanese surrender in 1945, the ROC government (led by the Chinese Nationalist Party, or KMT) took over the Bank of Taiwan and began issuing Taiwan dollars, also known as Taiwan Nationalist Yuan, through the Bank of Taiwan. This currency is now referred to as the "old Taiwan dollar." Severe inflation of this currency during the Chinese Civil War led the Bank of Taiwan to issue the New Taiwan Dollar in 1949. After the loss of mainland China in the Chinese Civil War by the KMT and its subsequent retreat to Taiwan, the Bank of Taiwan took on a more central role as the central bank of the ROC until the Central Bank of China was reestablished in 1961. The Bank of Taiwan was governed under the Taiwan Provincial Government until 1998 when governance was transferred to the ROC Finance Ministry. In 2001 the Central Bank of China took over the task of issuing the New Taiwan Dollar.
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