May 01, 2016 4:18 AM ET


Company Overview of Taiwan Cooperative Bank Co., Ltd.

Company Overview

Taiwan Cooperative Bank, Ltd., through its subsidiaries, provides banking products and services in Taiwan. It operates through Deposit and Loan Section, Funding Section, Offshore Section, Trust Section, and Other segments. The company provides corporate banking, retail banking, treasury management, E-banking, credit card, offshore banking, and wealth management services. It offers deposits, loans, and foreign exchange services for business enterprises; and financing services for cooperative enterprises, farming and fishery industries, and small and medium enterprises. As of December 31, 2014, the company operated 293 domestic and overseas branches. In addition, it provides life and property ...

No. 77, Guan Qian Road

Jhongjheng District

Taipei,  100


Founded in 1946

8,195 Employees


886 2 2311 8811


886 2 2389 0704

Key Executives for Taiwan Cooperative Bank Co., Ltd.

President, Managing Director and Director
Senior Vice President and General Manager of Accounting Department
Senior Vice President and General Manager of Administrative Management Department
Chief Compliance Officer and Executive Vice President
Senior Vice President and General Manager of Compliance & Legal Affairs Department
Compensation as of Fiscal Year 2015.

Taiwan Cooperative Bank Co., Ltd. Key Developments

Taiwan Cooperative Bank Announces Unaudited Consolidated Unaudited Earnings Results for the Month and Year to Date Ended February 2016

Taiwan Cooperative Bank announced unaudited consolidated unaudited earnings results for the month and year to date ended February 2016. For the month, the company reported consolidated income before tax and provision of TWD 1,458 million. After accounting for bad debt and guaranteed reserves of TWD 437 million, the company posted a consolidated pre-tax income of TWD 1,021 million and a consolidated after-tax income of TWD 861 million for February 2016. As of the end of February 2016, the company's cumulative consolidated pre-tax income was TWD 2,175 million and cumulative consolidated after-tax income was TWD 1,835 million. Cumulative pre-tax EPS was TWD 0.26 and cumulative after-tax EPS was TWD 0.22 based on the weighted-average outstanding shares as of the end of February 2016. The book value per share was TWD 22.26 based on the issued shares as 8,349.3 million.

Taiwan Cooperative Bank Denies Report Of Sale

Taiwan Cooperative Bank Co., Ltd. has clarified the report stating "Yuanta Financial Holding Co., Ltd. acquires the Bank" in page A4 of Economic Daily dated January 12, 2015. The report is media's own report and a guess. Taiwan Cooperative Bank Co., Ltd. has not had any contact with Yuanta Financial Holding Co., Ltd. (TSEC:2885) or discussion for such subjected matter.

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