::: BANK PROFILE
ESTABLISHMENT
 

1. ESTABLISHMENT

The history of the Land Bank of Taiwan dates from 1945 when the Second World War came to an end. To facilitate the implementation of land policies such as land-rights equalization and the land-to-the-tiller program in Taiwan, the government appropriated 60 million dollars from the national treasury as capital to establish the “Land Bank of Taiwan” in accordance with R.O.C. law on 1st September, 1946 utilizing the five branches of the Nippon Kangyo Bank set up in Taipei, Hsinchu, Taichung, Tainan, and Kaohsiung during the Japanese occupation. In May 1985, the Land Bank of Taiwan became qualified as a juristic person according to Article 52 of the Banking Act; on 21st December, 1998, it became a state-run organization upon implementation of the Province Simplification Statute; on 1st July, 2003, it was reorganized as the “Land Bank of Taiwan Co., Ltd.;” further on 21st May, 2004, it was transformed into a public company to prepare for initial public offering of its stocks upon privatization.
          Thanks to the determined reforms effected by the management team and the enthusiastic efforts made by the staff members, the Land Bank of Taiwan Co., Ltd. has ranked among the “World’s Top 200 Banks.” To respond to the overall financial landscape change and the fierce market competition, the Bank will not only continue to use its advantage as a real-estate specialty bank to conduct special loans pursuant to government policies to enhance national economic development, but also progressively increase its competitiveness and advance its internationalization to develop towards a full-scale regional financial institution of excellence.
 
CREDIT RATING
 

CREDIT RATING
Rating Company Date of Rating Credit Rating Announced-Long-term Credit Rating Announced-Short-term Bank Financial Strength Outlook
Moody’s  Investors Service NOV 26 2013 Aa3 P-1 D

Outlook :Stable

Standard & Poor’s  JUN 10 2013 A- A-2 --

Outlook :Stable 

Taiwan Ratings Corporation JUN 10 2013 twAA twA-1+ -- Outlook :Stable

 

3 ORGANIZATION
 

3  .ORGANIZATION
    The LBOT is a 100% state-owned and state-run bank with an organizational system that contains the Board of Directors, the Panel of Supervisors, the head office and branches.  To strengthen the Bank's supervisory system, a General Auditor system was set up in 1998, where the Auditing Office was made directly subordinate to the Board of Directors so that it can handle auditing matters in an independent and impartial spirit.  The LBOT's managerial structure consists of the head office with 23 units, 150 domestic branches (excluding OBU), and 5 overseas branches containing Los Angeles Branch, Singapore Branch, Hong Kong Branch, Shanghai Branch and New York Branch; in addition, the LBOT sets up 6 Regional Centers in the form of task force.  The organizational structure of the LBOT is as the chart below. 
 

organization

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