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Home  »  Australian Prudential Regulatory Authority  »  Taiwan Business Bank (Australia Branch)

Taiwan Business Bank Australia Logo

 

The forerunners of the Taiwan Business Bank were two private savings organizations, one established in Taipei in June of 1915 and the other in Tainan (South Taiwan) in July of the same year, following the traditional practice of forming cooperatives.

Following the restoration of Taiwan to the Republic of China on Oct. 25, 1945, these two organizations and two more savings cooperatives were taken over by the Taiwan Provincial Government and, on Sept. 1, 1946, were reorganized to form the Taiwan Mutual Financial Co., Ltd. On May 31, 1947 the Taiwan Mutual Financial Co. absorbed the Tokiwa Real Estate Co., Ltd., and reached an accumulated capitalization of $10 million former Taiwan dollars. On June 1, 1947 the name of the company was changed to the Taiwan Provincial Mutual Loans and Savings Co., Ltd. Then, because of the similarity of its business to that of a private cooperative, the name was changed again in January 1948, to the Taiwan Credit Cooperative and Savings Co., Ltd.

 
 

Following the promulgation of the revised Banking Law in 1975, the company was reorganized, on July 1, 1976, into the Medium Business Bank of Taiwan in line with the government's overall economic policy and the provisions of the revised law. It was the first specialized bank established by the government for the purpose of providing financing assistance and guidance to small and medium-sized enterprises.

 
  Taiwan Business Bank (Australia Branch)
Category : Branches of Foreign Banks
SWIFT Code : MBBTAU2S

Address :
Suite 3, Level 24
363 George Street
Sydney NSW 2000
Australia

Telephone : +61 2 9262 3356

Website :  www.tbb.com.tw

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To cope with the liberalized and internationalized financial environment and to conform to the government's policy of privatizing state-owned enterprises, the TBB was transformed into a private bank on Jan.22,1998 and entered a brand-new age of operations. The Bank's domestic branch network covers the whole island. In addition there are three overseas units, including Los Angeles Branch in US, Hong Kong Branch in Hong Kong and Sydney Branch in Australia.
 

 
The Bank are regulated by the Australian Prudential Regulatory Authority (APRA) in Australia. APRA is responsible for regulating much of the financial industry, including insurance and superannuation companies. Institution seeking to be prudentially regulated as an authorised deposit-taking institution (ADI) is required to be authorised under the Banking Act 1959 (the Banking Act). The Australian Prudential Regulation Authority (APRA) is responsible for the authorisation process.
 

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