Question 1

What is Mega International Commercial Bank?

Accepted Answer

Mega International Commercial Bank is the second-largest bank in Taiwan by tier 1 capital and a subsidiary of Mega Financial Holding Company. The bank operates a global network with 108 branches throughout Taiwan and 39 overseas units, including the Manila Branch in the Philippines. Mega International Commercial Bank serves as Taiwan's sole domestic US dollar/Euro settlement bank designated by the Bankers Association.

The Manila Branch, established in 1995, is one of the few foreign banks granted a full banking license to operate in the Philippines, serving Taiwan-based companies, Filipino businesses, foreign corporations, and Overseas Filipino Workers.

Question 2

When was Mega International Commercial Bank founded?

Accepted Answer

Mega International Commercial Bank was formed through the merger of two historic banks—the International Commercial Bank of China (ICBC) and Chiao Tung Bank (CTB)—which became effective on August 21, 2006. Both predecessor banks had distinguished histories dating back over a century.

The International Commercial Bank of China originated from the Bank of China, which traces its roots to the Ta Ching Bank and the Hupu Bank (the finance arm of the imperial court during the Ching/Qing Dynasty). The Bank of China was privatized in Taiwan in 1971 to become ICBC. It had been entrusted as an agent of the Treasury and a note-issuing bank before the Central Bank of China was established in 1928.

Chiao Tung Bank was established in 1908 during the final years of the Qing era, five years before the founding of the Republic of China in 1912. Like the Bank of China, it served as an agent of the government coffer and a note-issuing bank. Both banks were privatized in the late 20th century before merging to create the current Mega International Commercial Bank.

Question 3

Where is Mega International Commercial Bank headquartered?

Accepted Answer

Mega International Commercial Bank is headquartered in Taipei, Taiwan, at No. 100 Jilin Road. The bank maintains its extensive domestic network of 108 branches throughout Taiwan.

The Manila Branch is located in Makati City, Metro Manila, Philippines, serving as the bank's primary presence in the Philippine market.

Question 4

Where does Mega International Commercial Bank operate?

Accepted Answer

Mega International Commercial Bank operates across Taiwan with 108 domestic branches and maintains a significant international presence with 39 overseas units. The bank's global network includes 24 overseas branches, 7 overseas sub-branches, and 3 overseas representative offices, plus bank subsidiaries in Thailand (with 5 branches) and Canada.

The bank's international strategy focuses on China and the Asia Pacific region, with branches established in Suzhou, Wujiang Sub-Branch, Kunshan Sub-Branch, and Ningbo in China. The Manila Branch in the Philippines, established in 1995, represents one of the bank's key positions in Southeast Asia.

Question 5

What services does Mega International Commercial Bank offer?

Accepted Answer

The Manila Branch offers comprehensive commercial banking services with a focus on corporate and commercial banking, trade finance, and foreign exchange services. The bank specializes in serving Taiwan-based companies operating in the Philippines, Filipino businesses, foreign corporations, and Overseas Filipino Workers.

Core services include term loans and syndications, deposit accounts, foreign exchange trading, treasury operations, and cross-border transaction support. The bank leverages its position as Taiwan's sole US dollar/Euro settlement bank to provide specialized international payment and settlement services.

The parent bank in Taiwan offers extensive digital banking services, including online banking platforms, mobile payment solutions, and Bank 3.0 initiatives incorporating financial technology innovations. All deposits at the Manila Branch are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor.

Question 6

What makes Mega International Commercial Bank unique?

Accepted Answer

Mega International Commercial Bank distinguishes itself through its remarkable historical heritage, tracing its lineage to two of the most prestigious banks in Chinese banking history that served as agents of the government treasury and note-issuing institutions. The Manila Branch, established in 1995, was among the few foreign banks granted full banking licenses during a restrictive period in Philippine banking regulation.

The bank's unique position as Taiwan's sole designated US dollar/Euro settlement bank provides specialized capabilities for international transactions. With over 26 years of operations in the Philippines (as of 2021), the Manila Branch has developed deep expertise in facilitating Taiwan-Philippines trade and investment flows, serving as a critical bridge for cross-border business.

The bank's extensive regional network across ASEAN and key Asian markets, combined with its strong capitalization and government-linked heritage, positions it as a trusted partner for international banking relationships.

Question 7

What type of financial institution is Mega International Commercial Bank?

Accepted Answer

Mega International Commercial Bank is a universal/commercial bank, operating as Taiwan's second-largest banking institution by tier 1 capital. The Manila Branch operates as a foreign bank branch with a full commercial banking license granted by the Bangko Sentral ng Pilipinas.

As a subsidiary of Mega Financial Holding Company (the third-largest financial holding company in Taiwan), the bank benefits from the financial strength and diversification of its parent conglomerate. The holding company structure includes banking, securities, insurance, bills finance, investment trust, asset management, and venture capital businesses across its seven subsidiaries.

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About Mega International Commercial Bank in the Philippines

Mega Intern­ational Commercial Bank