Question 1

What is Land Bank of Taiwan?

Accepted Answer

Land Bank of Taiwan is a wholly state-owned Taiwanese bank that operates a branch in Singapore. It is the only bank designated by the Republic of China (Taiwan) government as a specialized institution for handling real estate and agricultural credit.

The Singapore branch serves as one of Land Bank of Taiwan's key overseas operations in Southeast Asia. It primarily supports Taiwanese businesses operating in Singapore and the surrounding region, while also providing commercial banking services to local enterprises.

As a foreign bank branch operating in Singapore, Land Bank of Taiwan holds a banking license from the Monetary Authority of Singapore and is classified as a local bank under MAS regulations.

Question 2

When was Land Bank of Taiwan founded?

Accepted Answer

Land Bank of Taiwan was founded on September 1, 1946. The bank's establishment came shortly after World War II ended, when the Republic of China government took over five branches of the Nippon Kangyo Bank that had been set up in Taipei, Hsinchu, Taichung, Tainan, and Kaohsiung during Japanese rule.

The government allocated 60 million dollars from the national treasury as initial capital. The bank's original purpose was to facilitate the implementation of land policies such as land-rights equalization and the land-to-the-tiller program in Taiwan.

In May 1985, Land Bank became qualified as a juristic person according to Article 52 of the Banking Act. On July 1, 2003, it was reorganized as "Land Bank of Taiwan Co., Ltd." and on May 21, 2004, it was transformed into a public company to prepare for privatization.

Question 3

Where is Land Bank of Taiwan headquartered?

Accepted Answer

Land Bank of Taiwan is headquartered in Taipei, Taiwan. The head office is located at No. 46, Guanqian Road, Zhongzheng District, Taipei City 10047, Taiwan (R.O.C.).

The bank also maintains its historic building at No. 72, Bo-ai Road, Zhongzheng District, Taipei City, which houses the Historical Museum of the Land Bank of Taiwan. This museum preserves the bank's heritage and showcases Taiwan's financial development history.

Question 4

Where does Land Bank of Taiwan operate?

Accepted Answer

The Singapore branch represents Land Bank of Taiwan's operations within Singapore. As a foreign bank branch, it operates under the regulatory framework of the Monetary Authority of Singapore.

The Singapore branch was established in 2003 and forms part of the bank's broader international network. Land Bank of Taiwan's global presence includes 8 overseas branches and 1 representative office across multiple regions including North America (Los Angeles, New York), Asia-Pacific (Singapore, Hong Kong, Brisbane), and China (Shanghai, Tianjin, Wuhan), plus a representative office in Kuala Lumpur, Malaysia.

Question 5

What services does Land Bank of Taiwan offer?

Accepted Answer

The Singapore branch provides commercial banking services focused primarily on supporting Taiwanese enterprises and facilitating cross-border trade and investment. Key services include:

Corporate Banking: Commercial lending, trade finance, syndicated loans, and cash management services for businesses operating in Singapore and the region.

International Banking: Foreign exchange services, cross-border payments, and remittances to support international trade between Singapore, Taiwan, and other markets.

Deposit Services: Various deposit accounts for corporate and institutional clients, including current accounts, savings accounts, and fixed deposits.

Digital banking capabilities include online banking platforms and electronic payment services to facilitate efficient transaction processing for corporate clients.

Question 6

What makes Land Bank of Taiwan unique?

Accepted Answer

Land Bank of Taiwan's Singapore branch is distinguished by its specialized focus on serving Taiwanese businesses and facilitating Taiwan-Singapore economic ties. As the overseas branch of Taiwan's only specialized real estate and agricultural credit bank, it brings unique expertise in policy lending and government-supported financing.

The bank's wholly state-owned structure provides stability and strong government backing, reflected in its credit ratings (Moody's Aa3, S&P A-, Taiwan Ratings twAA+).

The Singapore branch benefits from the parent bank's nearly 80-year history and extensive experience in specialized lending sectors. It serves as a strategic gateway for Taiwanese enterprises seeking to expand their operations in Southeast Asia.

Question 7

What type of financial institution is Land Bank of Taiwan?

Accepted Answer

Land Bank of Taiwan Singapore Branch is classified as a Foreign Bank Branch under Singapore's banking regulatory framework. It is licensed as a bank by the Monetary Authority of Singapore and appears in the MAS register of authorized institutions as a local bank.

The parent institution in Taiwan operates as a specialized state-owned commercial bank with a unique dual mandate: serving as both a commercial bank and a policy bank for real estate and agricultural credit. In Singapore, the branch operates primarily as a commercial bank focused on corporate and institutional banking services.

As a wholly state-owned entity under the jurisdiction of Taiwan's Executive Yuan, Land Bank of Taiwan operates with full government backing, distinguishing it from privately-owned commercial banks.

Land Bank of Taiwan

in Singapore 🇸🇬

Crypto-Friendliness

All done!

About Land Bank of Taiwan in Singapore