Yuanta Commercial Bank (“the Bank”), formerly Asia Pacific Commercial Bank, acquired approval for establishment from the Ministry of Finance on January 14, 1992 and launched its operation on February 12, 1992. Afterwards, in conformity with the development of the financial market and Government’s financial reform, the Bank joined Fuhwa FHC on August 1, 2002 through stock transfer and became a wholly-owned subsidiary. In September 2002, Asia Pacific Commercial Bank was approved to be renamed Fuhwa Commercial Bank. On April 2, 2007, Yuanta Core Pacific Securities merged with Fuhwa FHC formally. On September 23, 2007, the Bank was renamed Yuanta Commercial Bank.
In order to broaden the Bank’s operating foundation and strengthen its competency, the Bank successively acquired Toulio Credit Cooperative, Taitung Credit Cooperative, Tainan 7th and 6th Credit Cooperative and increased its branches as many as 70. After Purchase and Assumption 18 domestic branches of Chinfon Commercial Bank in April 2010, the Bank expanded service territory to 88 branches. After merged with Ta Chong Bank on January 1, 2018, domestic branches have expanded to 149. In the future, the Bank will continue to deploy domestic locations according to the need of business development and the group’s development strategy as well as with a more balanced distribution of positions in a wider range on metropolitan areas in Taiwan. In terms of the overseas market, Hong Kong branch has been established to cultivate business opportunities in Taiwan, Hong Kong and Mainland China. Also, the Bank will provide customers with diversified cross-border financial services through strengthening the cooperation among the subsidiary banks in the Philippines and Korea as well as the branch in Hong Kong.
The Bank set up Yuanta Property Insurance Agent Company through reinvestment on October 2, 1999 with the main business at property insurance agency services and Yuanta Life insurance agency Co., Ltd. on November 20, 2001 with the main business at life insurance agency services. In addition, Yuanta International Leasing Co., Ltd. was established on November 15, 2012 with the main business at dealership, leasing and factoring management of immovable properly / real property.
