Bank of Taiwan: Purpose, Values, FAQ, Contact Details

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The Bank of Taiwan is a commercial bank headquartered in Taipei, Taiwan. It is owned by the government of Taiwan.

Purpose

The Bank of Taiwan was established as Taiwan’s central bank in 1899, during Japanese rule. The bank’s creation was authorized in 1897 by the Bank Act of Taiwan which encouraged Japanese enterprises, such as the Mitsubishi and Mitsui Groups, to invest in

Values

Core Values

  • Delivering to our stakeholders
  • Growing our people
  • Respecting each other
  • Working in teams

FAQ

Is Taiwan Bank Open Today?

Banks are open from 9 am to 3.30 pm, Monday to Friday.

How Can I Open a Bank Account in Taiwan?

Take your Record ID number, proof of address, local phone number, passport, and cash for an initial deposit to the bank. If you can, print out the immigration law that says foreigners with Record ID numbers are allowed to open bank accounts (just in case).

Is Bank of China Safe?

Since Bank of China’s total deposit to total liabilities is within the sensible margin at 76% compared to other banks’ level of 50%, it shows a prudent level of the bank’s safer form of borrowing and an appropriate level of risk.

Who Owns Chinese Banks?

Despite these IPOs, the banks are still majority owned by the Chinese government. China has also allowed a dozen joint-stock commercial banking institutions and more than a hundred city commercial banks to operate in the country. There are also banks in China dedicated to rural areas of the country.

Is Taiwan Closed Today?

Today – 11 February 2021 – is a holiday in Taiwan for Chinese New Year Holiday. Taiwan’s public holidays are provided for by the Ministry of Labour through the Labour Standards Act and its related Enforcement Rules. The Central Personnel Administration in Taipei regulates all non-working national holidays.

Contact Details

Address: 5 Simmonds Street
Johannesburg, 2001
Gauteng, South Africa
Tel: +27 11 636 1061

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