KGI Bank () is a
commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
of
Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocea ...
. It is part of
KGI Financial Holding.
History
Early Years as Cosmos Bank (1991–2014)
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 officially began operations on 12 February 1992.
On 10 February 2014, the bank agreed on share-swap to make it a subsidiary of KGI 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.
KGI Bank (2015–Present)
In January 2015, Cosmos Bank was renamed as KGI Commercial Bank.
From this point on, CDIB's
Corporate Banking
Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, i ...
and
Financial Markets
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial marke ...
were ceded to KGI Commercial Bank.
See also
*
List of banks in Taiwan
This is a list of banks in Taiwan, including the government-owned banks of the Taiwan.
Central Bank
* Central Bank of the Republic of China (Taiwan)
Governmental institutions
Existing National Institutions
* Agricultural Bank of Taiwan
* ...
*
KGI Financial Holding
References
External links
*
Banks of Taiwan
Banks established in 1992
Companies based in Kaohsiung
Taiwanese companies established in 1992
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