Taiwan Financial Holdings Group
| State-owned | |
| Industry | Banking |
| Founded |
Taiwan 2007/12/6 approved 2008/1/1 business commenced |
| Headquarters | Taipei, Taiwan |
|
Area served
|
United States United Kingdom Singapore Japan South Africa Hong Kong Republic of China |
| Products | Financial Services |
| Total assets |
 NT$ 5,480.60 billion (2008) |
|
Number of employees
|
14,475 (30 June 2008) |
| Parent | Government of the Republic of China |
| Subsidiaries | Bank of Taiwan (台灣銀行), BankTaiwan Securities (臺銀證券), BankTaiwan Life Insurance(臺銀人壽) |
| Website | www.twfhc.com.tw |
Taiwan Financial Holdings Co., Ltd. (Chinese: 臺灣金融控股公司; pinyin: Táiwān Jīnróng Kònggǔ Gōngsī) is a Taiwan based state-owned corporation that is the parent holding company of the Bank of Taiwan, BankTaiwan Securities and BankTaiwan Life Insurance.
Founded in 2007 and commenced in 2008 through the legislative approval of the merger, it is the largest financial institution in Taiwan. Today the Group is the 18th largest financial institution in Asia and 89th largest in the world with assets of NT$ 5,458.59 billion and net worth of NT$ 373.17 billion as of March, 2008.
In 2008, the merger of the banks and financial institutions Bank of Taiwan, Land Bank of Taiwan, The Export-Import Bank of China, BankTaiwan Securities and BankTaiwan Life Insurance into a single parent holding company; Taiwan Financial Holding Group (臺灣金融控股公司).
Taiwan Financial Holdings Co. Ltd. filed a merger report in accordance with the Fair Trade Law under Article 6, 11 and 12. The merger report concluded that this will result in the possession of more than 15% of the deposit and loan market and there is no obvious danger of restriction on market competition. The report concluded that the meeting on October 4, 2007 decided the benefits brought by the merger outweigh the negative.
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