Mega International Commercial Bank

Mega International Commercial Bank

Type	Public
Traded as	: 2886
Industry	Banking
Founded	2002
Headquarters	Taipei, Taiwan, Republic of China
Area served	Australia Canada Cambodia United States Thailand United Kingdom Singapore Vietnam Philippines Japan Panama France Netherlands
Key people	Rongzhou Wang, Chairman of the Board Guangxi Xu, General Manager, Director
Products	Financial Services including: Consumer Banking Corporate Banking Investment Banking
Net income	NT$ 14.03 trillion (2007) (US$ 60.994 billion)
Total assets	NT$ 1.947 trillion (2007) (US$ 439.449 million)
Number of employees	5,103 (December 31, 2007)
Parent	Mega Financial Holding Company Ltd.
Subsidiaries	International Commercial Bank of Cathay (Canada), The International Commercial Bank of China Public Company Limited
Website	www.megabank.com.tw/en/about.asp
Footnotes / references Issuer of banknotes (1912–1942)

The Mega International Commercial Bank (Chinese: 兆豐國際商業銀行; pinyin: Zhào Fēng Guójì Shāngyè Yínháng; Pe̍h-ōe-jī: Tiāu-hong-kok-chè-siong-gia̍p-gîn-hâng) is a subsidiary of Mega Financial Holding Company. It is one of the leading banks in Taiwan. It has 105 branches in Taiwan along with 17 branches, two representative offices and two wholly owned subsidiaries abroad. The bank's total workforce is over 5,100 and its aggregate paid-in capital is approximately NT$64.1 billion.

Mega International Commercial Bank Co., Ltd. came into being on December 31, 2002, as a result of the merger of the historic International Commercial Bank of China (中國國際商業銀行) and Chiao Tung Bank (Chinese: 交通銀行; Wade–Giles: Chiao-T'ung Yin-hang).

The International Commercial Bank of China was the name by which the Bank of China came to be known after its privatization in Taiwan in 1971. The Bank of China's reserves had been transferred from mainland China to Taiwan prior to the Chinese Communist Party's takeover of the mainland in 1949. Like most banks, the Bank of China was not immediately allowed to resume operations in Taiwan.

The Bank of China begin as the Hubu (Financial Department) Bank of the Qing dynasty. It came to be known as the Ta Ch'ing Bank before being renamed Bank of China after the establishment of the Republic of China in 1912. The bank's headquarters were at 3 Hank'ou Road in the International Settlement of Shanghai. The bank, which was authorized to issue banknotes, broke free from the Yuan Shih-k'ai government's control in 1916 under the leadership of Chang Kia-ngau, and became a private, merchant-owned bank in 1923 when the cash-strapped Peking government sold all but a symbolic number of its shares to private investors. During the 1920s and 1930s, the Bank of China was by far the largest in China. In 1928, the Bank of China funded the government's creation of the Central Bank of China, and in exchange was allowed to remain independent. It was also chartered to serve as the nation's international exchange bank and was entrusted with efforts toward the promotion of foreign trade, the supply of foreign exchange, and the general financing of home industries.