Question 1

What is Far Eastern International Bank (FEIB)?

Accepted Answer

Far Eastern International Bank (FEIB) is a medium-sized commercial bank in Taiwan that provides comprehensive financial services to individual, corporate, and institutional clients. The bank is part of the Far Eastern Group, one of Taiwan's largest conglomerates with over 250 companies spanning 10 major industries. FEIB operates through an integrated network of physical branches and digital channels across Taiwan, positioning itself as a modern financial institution embracing Banking 4.0 technologies.

Listed on the Taiwan Stock Exchange under stock code 2845, FEIB has grown to become a significant player in the Taiwanese banking sector with a focus on innovation, digital transformation, and customer-centric services.

Question 2

When was Far Eastern International Bank (FEIB) founded?

Accepted Answer

Far Eastern International Bank was founded on January 11, 1992, following the Taiwanese government's liberalization of the financial sector. The bank's establishment was initiated in 1989 by Far Eastern Group founder Y.Z. Hsu, who formed an organizing committee in response to amendments to Taiwan's Bank Law that allowed for private banking.

The Ministry of Finance approved the bank's establishment on August 1, 1991, with an initial capital of NT$10 billion. After a public share offering and the completion of incorporation procedures, FEIB officially began operations on April 11, 1992, with its Business Department, Savings Department, and Taipei Yisen Branch. The bank went public on the Over the Counter market in November 1995 and was subsequently listed on the Taiwan Stock Exchange on November 27, 1998.

Question 3

Where is Far Eastern International Bank (FEIB) headquartered?

Accepted Answer

Far Eastern International Bank is headquartered in Taipei City, Taiwan. The main office is located on the 27th floor at No. 207, Section 2, Dunhua South Road, Da'an District, Taipei City 106.

The bank also maintains its registered office at 26-27F, No. 207 Tunhua South Road, Section 2, Taipei. This central location in Taiwan's financial capital allows FEIB to serve as the hub for its operations throughout Taiwan and its international expansion efforts.

Question 4

Where does Far Eastern International Bank (FEIB) operate?

Accepted Answer

Far Eastern International Bank operates primarily throughout Taiwan, with a comprehensive network of branches spanning from northern to southern regions of the country. Following its 2010 acquisition of AIG's credit card and accounts receivable business (Chinfon Bank), FEIB expanded its domestic branch network by more than 50%, establishing itself as a medium-sized bank with substantial geographical coverage across Taiwan.

The bank has strategically located branches in major cities and growth-potential areas throughout Taiwan, including locations in Taipei, Taichung, Kaohsiung, and other key urban centers. FEIB also maintains a presence in industrial parks and commercial districts to serve both individual and corporate clients across the island.

Question 5

What services does Far Eastern International Bank (FEIB) offer?

Accepted Answer

Far Eastern International Bank offers a comprehensive suite of financial services organized across five major business groups:

Corporate Banking: Short, medium, and long-term credit facilities, trade finance, cash management, foreign exchange, corporate trust, financial advisory, acquisition financing, project finance, structured finance, and syndicated loans.

Individual Banking: Wealth management services, housing mortgages, personal credit loans, and investment products tailored to individual client needs.

Consumer Banking & Credit Card: Installment loans, motor scooter loans, automobile loans, credit cards (including Taiwan's first iCloud credit card), and credit life insurance products.

Financial Markets: Foreign exchange margin trading, convertible bond asset swaps, treasury services, and capital market products.

Digital Banking: Bankee mobile app, FE Mobile Payment Integration Service, online banking platforms, Global Corporate Online for business clients, comprehensive e-commerce solutions, and fintech integrations. The bank actively uses big data analysis and social media management to enhance customer service delivery.

Question 6

What makes Far Eastern International Bank (FEIB) unique?

Accepted Answer

Far Eastern International Bank distinguishes itself through several innovative features and strategic advantages:

Bankee Digital Platform: FEIB's social banking app "Bankee" won the Global Economics Awards for Best Innovative Digital Bank, connecting users with innovative third-party services and offering seamless digital banking experiences.

Far Eastern Group Synergy: As part of one of Taiwan's largest conglomerates with over 250 companies and operations spanning 10 industries, FEIB leverages extensive cross-industry relationships to provide integrated financial solutions and access to a vast client base.

Customer-Centric Innovation: The bank pioneered common-people oriented products like motor scooter loans and streamlined processes, reducing housing mortgage application times from 8 to 5 days and credit loan approvals from 4 to 2 days.

Sustainability Leadership: FEIB leads the industry in environmental initiatives, including 100% eco-friendly staff uniforms made from sustainable materials, demonstrating commitment to corporate social responsibility.

Cultural Engagement: The bank creates custom calendars featuring Taiwan's rich culture as annual gifts to customers, strengthening community connections and brand loyalty.

Question 7

What type of financial institution is Far Eastern International Bank (FEIB)?

Accepted Answer

Far Eastern International Bank is a commercial bank (商業銀行) in Taiwan, classified as a publicly-listed, medium-sized universal bank. This classification means FEIB operates as a comprehensive financial institution providing both retail banking services to individual consumers and corporate banking services to businesses.

As a universal bank, FEIB is authorized to conduct general banking operations, savings services, trust and investment services, asset management, financial consulting, international banking, and foreign exchange operations. The bank's structure allows it to serve the complete spectrum of financial needs for customers across Taiwan, from everyday consumer banking to complex corporate finance and international syndicated loans. FEIB's listing on the Taiwan Stock Exchange (stock code: 2845) subjects it to rigorous regulatory oversight and public disclosure requirements consistent with Taiwan's banking regulations.

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About Far Eastern International Bank (FEIB) in Taiwan

Far Eastern Intern­ational Bank (FEIB)