Go to Main Content

Last update:2022/07/14

Company Profiles

Taiwan Financial Holdings

On 1st January 2008, Taiwan Financial Holding Co., Ltd. (TFH) was established (in accordance with the provisions of the Financial Holding Company Act, the Company Act, and other applicable laws and regulations) as Taiwan's first government-owned financial holding company by the Bank of Taiwan Co., Ltd. (BOT) through a NT$90 billion share swap, after which BOT became a wholly owned subsidiary of TFH. On the following day (2nd January), the BOT spun off its life insurance and securities businesses to create group subsidiaries BankTaiwan Life Insurance Co., Ltd. (BTLI) and BankTaiwan Securities Co., Ltd. (BTS), thus bringing into existence Taiwan's first wholly government-owned financial holding company, with three wholly-owned subsidiaries. In order to expand the scope of business operations, BOT established BankTaiwan Insurance Brokers Co., Ltd. (BTIB) as a subsidiary in 2013, thus extending the group's operations to cover the banking, life insurance, securities, and insurance brokerage businesses.

In 2019, TFH and BOT, acting in accordance with the Article 12-1 of the "Act of Taiwan Financial Holding Co., Ltd." carried out a real estate-backed capital increase via private placement of common shares, using real estate as its capital contribution. The date of record for this capital increase was 6 September 2019, at which time ownership of the real estate contributed as equity was transferred from the Ministry of Finance to TFH, thus increasing the company's paid-in capital to NT$103.125 billion. The land thus obtained was then contributed as equity to back a capital increase for BOT. The Bank registered transfer of ownership of the land on 25 September 2019, which was the date of record for the capital increase, boosting BOT's paid-in capital to NT$109 billion.