Cathay United Bank | Cathay United Bank
LargecommercialbankinTaiwanCathayUnitedBank(Chinese:國泰世華銀行;pinyin:GuótàiShìhuáYínháng)isoneofthelargestcommercialbanksinTaiwan,withacapitalvalueofTW$67billion(approximatelyUS$2.23billion)andmorethan165brancheslocatedthroughoutTaiwan.ItispartofCathayFinancialHoldings.History[edit]CathayUnitedBankwasformerlytheUnitedWorldChineseCommercialBank(UWCCB;Chinese:世華聯合商業銀行),whichwasfoundedin1975.In2003,UWCCBwasmergedwiththeformerCathayCommercialBank,awhollyownedsubsidiaryofCathayFinancia...
Large commercial bank in Taiwan
Cathay United Bank (Chinese: 國泰世華銀行; pinyin: Guótài Shìhuá Yínháng) is one of the largest commercial banks in Taiwan, with a capital value of TW$67 billion (approximately US$2.23 billion) and more than 165 branches located throughout Taiwan. It is part of Cathay Financial Holdings.
History[edit]Cathay United Bank was formerly the United World Chinese Commercial Bank (UWCCB; Chinese: 世華聯合商業銀行), which was founded in 1975.
In 2003, UWCCB was merged with the former Cathay Commercial Bank, a wholly owned subsidiary of Cathay Financial Holding Company; UWCCB was the surviving bank but the merged bank was renamed to Cathay United Bank.
In September 2012 Cathay United Bank with the National Bank of Cambodias approval, acquired a 70% stake in Singapore Banking Corporation (SBC).[1] SBC was founded in 1993 and has 6 branches and 10 exchange offices in Cambodia. A year later in September 2013, Cathay United Bank reached an agreemen...