Chinatrust Commercial Bank, was established in 1966 under the name of China Securities and Investment Corporation. In 1971 its name was changed to Chinatrust Investment Company Limited. In 1992, it was changed to Chinatrust Commercial Bank.
The bank has subsidiaries in the Philippines, the United States, Canada and Indonesia, overseas branch offices in Singapore, Hong Kong, India, Japan and Vietnam, and overseas representative offices in London, Bangkok, Hanoi, Beijing, Manila and Los Angeles.Chinatrust Philippines Commercial Bank Corp. is a subsidiary of Chinatrust Commercial Bank Corp. of Taiwan. It is listed on the Philippine Stock Exchange, but most of the shares are held by Chinatrust Taiwan. In November 2000, ChinaTrust Taiwan agreed to 63,526,127 shares of ChinaTrust Philippines at P19 per share from a group of shareholders led by then-President William Go, increasing its stake from 57.5% to 91%. However, this lane- There was some uncertainty about the transaction, as with a public float of less than 10% of the shares, ChinaTrust Philippines would be delisted. In the end, ChinaTrust Philippines was able to stay listed by announcing its intention to issue more shares through a secondary market offering and in the meantime by paying a fine to the exchange. However, in 2012, CCB was delisted from the Philippine Stock Exchange.
The president of ChinaTrust Philippines is currently Steve Tsai. Its 23 branches give it one of the most extensive branch networks among foreign-owned banks in the Philippines.
Awards:– CTBC Bank was awarded as the best bank in Taiwan by international professional agencies in Asiamoney and The Asset magazines. In the area of corporate banking, CTBC Bank was recognized by Global Finance and AsiaMoney as the best forex bank in Taiwan, while Global Finance, The Asset, The Asian Banker, The Corporate Treasurer, and Global Trade Review magazines recognized CTBC. The bank has been named Taiwan’s Best Trade Finance Bank. CTBC Bank was awarded the Best Retail Bank in Taiwan by The Asian Banker. It was named Taiwan’s Best Wealth Management Bank by Euromoney for the ninth time and for the eleventh time.
CTBC Bank Corporation (USA) was one of the first Asian American banks to operate in both the eastern and western United States. Services provided include issuance of letters of credit as well as real estate and construction loans. In November 2012, Noor Menai was named chairman and CEO.
With its main branch in Downtown Los Angeles as well as Industries, Arcadia, Irvine, Monterey Park, San Gabriel, San Marino and Roland Heights, CTBC USA has the heaviest presence in Southern California. The San Francisco Bay Area has three locations, including San Francisco’s Embarcadero, Cupertino and Milpitas, and the bank has three locations in Greater New York, including Sunset Park, Brooklyn, Flushing, and Edison, New Jersey. The bank uses Allpoint as its nationwide ATM network provider.
CTBC Bank Corporation (Canada) is a Schedule II bank, operating primarily in Metro Vancouver through three branches in Downtown Vancouver, Richmond and Burnaby, as well as a suburban Toronto branch in Markham.