Chinatrust Financial Holding Company
The Chinatrust Financial Holding Company (CFHC) was founded on May 17, 2002 to provide integrated services to its customers and to establish an international and multi-faceted financial entity in Taiwan. With Chinatrust Commercial Bank (CTCB) as the flagship organization, two CTCB affiliated companies, the Chinatrust Securities Company and the Chinatrust Insurance Brokers Company, were amalgamated into one new organization. Thereafter, CFHC set up the Chinatrust Venture Capital Corp. and the Chinatrust Asset Management Company. The business activities of member companies are divided into two categories: consumer banking and corporate banking. This integrated structure will enable resource sharing and cross-selling. It will also ensure the provision of multi-faceted financial services across the board to all customers.
The main objectives of CFHC are:
To establish Chinatrust Financial Holding Company as a trustworthy financial institution.
To provide one-stop, all-inclusive, financial services to the satisfaction of its customers.
To be a pioneer in providing new financial products and a bellwether in the financial sector.
To be the best run Chinese financial institution in the world.
In order to expand its operational scale in banking, CFHC acquired Grand Commercial Bank in September 2003. The swiftness of the integration was unprecedented in the country's financial history: the merger was completed in December 2003 and in January 2004 , the acquired bank was fully integrated into CFHC. Staff members of Grand Commercial Bank went through intensive in-service training to adapt to the new corporate culture and new business environment.
CFHC will continue to uphold its tenet "to maximize profitability for its shareholders." The company will map out its strategic business plans, strengthen its competitive capabilities, and provide more convenient business facilities and diversified financial services to its customers to become a leader in the industry as well as the best run Chinese financial institution in the world.
Credit ratings:
| Taiwan Ratings | Long Term twAA- / Short Term twA-1 / Outlook Stable |
| Moody's | Issuer Rating: Baa1 |
| Fitch Ratings Ltd. | Long Term A- / Short Term F2 / Outlook Stable |
| Standard & Poor's | Long Term BBB / Short Term A-3 / Outlook Stable |
Honors Received:
| 2004 | Best Company IR by country from Institutional Investor Best Company IR by industry category from Institutional Investor |
| 2003 | Best Credit in Taiwan from The Asset |
updated 3rd May, 2005
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