KGI Bank

KGI Bank (traditional Chinese: 凱基商業銀行; simplified Chinese: 凯基商业银行; pinyin: Kǎijī Shāngyè Yínháng; Wade–Giles: K'ai3-Chi1 Shang1-yeh4 Yin2-hang2) is a commercial bank of Taiwan. It is part of China Development Financial Holding Corporation.

KGI Bank
凱基商業銀行
IndustryBanking
Founded12 February 1992
FounderHsu Sheng-fa
HeadquartersSongshan, Taipei, Taiwan
Key people
Mark Wei, Chairperson
Richard Chang, President
ProductsFinancial services
Total assetsNT$519,056,260,000 (30 June 2016)
WebsiteOfficial website

History

Cosmos Bank

The financial institution founded by Hsu Sheng-fa obtained its incorporation approval on 13 August 1991 as Cosmos Bank. It acquired its license on 14 January 1992 and commenced its business on 12 February 1992.

On 10 February 2014, the bank agreed on share-swap to make it a subsidiary of China Development Financial Holding Corporation (CDF) and officially became CDF subsidiary on 15 September 2014. CDF acquired Cosmos Bank at the cost of NT$23.09 billion.[1][2]

KGI Bank

In January 2015, Cosmos Bank was renamed as KGI Commercial Bank.[3][4][5][6]

From this point on, CDIB's Corporate Banking and Financial Markets were ceded to KGI Commercial Bank.[7]

See also

References
  1. 田裕斌 (2014-02-10). "開發金控砸230億 併購萬泰銀行" (in Chinese (Taiwan)). Central News Agency. Retrieved 2014-02-10.
  2. 陳瑩欣、林巧雁 (2014-09-16). "併入開發金 萬泰銀下市". 台灣蘋果日報. Retrieved 2014-10-09.
  3. "Introduction" (PDF). KGI Bank. 2004. p. 9. Retrieved 20 March 2017.
  4. "Introduction". KGI Bank. Retrieved 20 March 2017.
  5. 陳瑩欣 (2014-10-09). "萬泰銀掰掰！ 正式更名為凱基銀行". 台灣蘋果日報即時新聞. Retrieved 2014-10-09.
  6. 田裕斌 (2014-10-09). "萬泰銀走進歷史 改名凱基銀行" (in Chinese (Taiwan)). Central News Agency. Retrieved 2014-10-09.
  7. 楊筱筠 (2015-05-05). "凱基銀讓與完成 開發金拚總資產破兆" (in Chinese (Taiwan)). United Daily News. Retrieved 2015-05-12.
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