Taiwan Business Bank expands to serve mainland SMEs
Taiwan's recent regulatory easing allows mainland investors to benefit from partnerships with local financial institutions. With diverse cross-strait trade expanding throughout China, Taiwan Business Bank (TBB) has positioned itself closer to growing businesses on the mainland, offering custom-made financial services targeting small and medium enterprises (SMEs). In August, TBB opened its first mainland branch in Shanghai, with another branch expected to open in Quanzhou.
As Taiwan's leading financial partner of SMEs, TBB was the first local bank to establish a strategic alliance with the Bank of Beijing, cementing its presence on the mainland.
"SMEs comprise 97 per cent of enterprises in Taiwan and play a vital role in Taiwan's economic development," says TBB president Huang Tien-chang. "Supporting these SMEs, TBB holds the third spot in Taiwan's SME market share and provides Taiwan's dominant industrial loans banking service."
Nearing its centennial year, TBB continues to provide convenient financial management through its 125 branches in Taiwan. It offers a complete package of services throughout Taiwan and in branches in Los Angeles, Sydney, Hong Kong and Shanghai. Known as the business ally of Taiwan's manufacturers, TBB also makes its special "small but beautiful" financial products available to SMEs of less than 30 million Taiwanese dollars (HK$7.9 million).
"We serve all types of customers and business ventures at different growth and maturity stages," Huang says. "Our financial facilities help start-up enterprises and transform corporations. TBB can offer services and guidance to support businesses at any stage of their development."
TBB's continuous global expansion is firmly backed by its long history of stability. It is inviting strategic alliances in Cambodia and is looking to increase its presence in China. TBB has received an A++ ranking from the Taiwan Stock Exchange for its transparency and disclosure. Only 15 out of Taiwan's 754 listed companies have received this top award.
"Our history gives us an edge," Huang says. "We hope to leverage our stable reputation as we serve new customers."
Taiwan Business Bank