In order to capture opportunities in line with the New Southbound Policy, Land Bank’s general manager, Chih-Chien Chang, led a team to inspect the establishment of a new branch in Brisbane, Australia on December 23, 2024. The new branch was successfully opened today, marking the Bank’s 9th overseas branch.
According to the International Trade Administration, MOEA, Australia is one of the Taiwan’s top ten trading partners. Australia exports meat and agricultural products to Taiwan while Taiwan exports hi-tech products to Australia, fostering a mutually beneficial trade relationship. Investment between Taiwan and Australia has reached hundreds of billions of NT dollars, highlighting the strong and active economic ties between the two countries.
In response to market demand and business opportunities, the Bank applied to the Australian Prudential Regulation Authority (APRA) to establish a branch in Brisbane, demonstrating its determination to expand its global market. The new branch also lays a foundation for the long-term cooperative relationship between Taiwan and Australia.
The Bank pointed out that the Brisbane Branch will initially provide corporate lending, deposit and foreign exchange services, while also developing diversified financial services such as trade finance. Aside from providing services to Taiwanese businessmen and Chinese enterprises, the Bank will also expand its services to Australian enterprises and multinational companies based in Australia. In the future, our Brisbane Branch will serve as an important bridge to facilitate economic and trade exchanges between Taiwan and Australia. The Brisbane Branch’s priority is to provide diverse financial solutions for local companies, foreign companies as well as the Chinese community, supporting business growth and the development of customers in Australia.
Land Bank currently has 148 branches in Taiwan and 9 overseas branches (Los Angeles, Hong Kong, Singapore, Shanghai, New York, Tianjin, Wuhan, Brisbane, and Kuala Lumpur), and is in the process of setting up a branch in Tokyo. As the Land Bank expands its overseas financial footprint, it strengthens its profitability in the international market.
Contact person: Pei-Chun Lai
Tel: 02- 2348-3552
