Land Bank

Art embraces a therapeutic flair! In June of 2024, the Land Bank of Taiwan’s “Gallery of Arts” will proudly host the “Journey of Light - Cho Min-Chu Solo Exhibition”. Featuring “light colors” and serene artistic themes, the exhibition is designed to usher visitors into a sensory realm of comfort and tranquility. The exhibition is scheduled to be held from June 5th (Wed) to June 26th (Wed), 2024.   The renowned psychologist Alfred Adler once observed, “A lucky person’s lifetime is cured by childhood, while an unlucky person’s lifetime is spent curing childhood.” This quote resonates deeply with artist Cho Min-Chu. At just five years old, her family’s difficult circumstances led to her being sent away to live as a “Tongyangxi” (child bride), marking the onset of a lonely and challenging childhood. These early experiences forged the emotional depth that permeates her art today.   Under the influence of her upbringing, Cho has honed a unique therapeutic style. Her visual works often feature vibrant colors dripping and splashing in “light” hues, combined with dream-like surreal images. These artworks invite viewers to move from spiritual bondage to enlightenment and transcendence. Her process of painting not only continues to mend her own childhood scars but also aims to offer healing through her visual narratives.   A graduate of the Department of Fine Arts at the National Taiwan University of Arts, Cho has established herself distinctly in the realm of therapeutic art. Her career highlights include receiving the Hong Foundation’s Children’s Illustration Excellence Award for her children’s books that draw on her childhood memories. Over the years, she has exhibited her works at prestigious venues like the Chiang Kai-shek Memorial Hall and participated in international art exchanges, such as the Taiwan-Japan calligraphy and painting exhibition at the Osaka City Museum of Fine Arts, along with numerous solo exhibitions at arts and cultural centers throughout Taiwan.   To enable public engagement with the distinct artistry of Cho Min-Chu, Land Bank, located at No. 46, Guanqian Road, Zhongzheng District, Taipei City, is set to host the “Journey of Light - Cho Min-Chu Solo Exhibition” at the bank’s “Gallery of Arts.” The exhibition commences on June 5, 2024 (Wednesday) and invites visitors every Monday to Friday, from 9:00 AM to 5:00 PM. Admission is free, with the venue closed on weekends and holidays. Cho herself will be present, displaying her works until the exhibition’s closure at noon on June 26, 2024 (Wednesday). Since 2005, Land Bank has actively supported local arts and culture. Through initiatives like the “Gallery of Arts,” the Land Bank has hosted hundreds of Taiwanese artists over nearly two decades. This sustained effort not only bolsters the bank’s reputation for social responsibility and cultural development but also inspires industry peers to support Taiwan’s vibrant local arts scene.   In addition to utilizing the “Gallery of Arts” initiative to celebrate and embed Taiwan’s local art scene, Land Bank adheres to the principles of “abundance, harmony, enthusiasm, and innovation,” championing the principles of inclusive finance and fulfilling corporate social responsibility. Looking back on the previous year, the Land Bank has organized over 300 charity events, with enthusiastic participation from over a thousand employees who volunteered their time and efforts. Furthermore, we’ve remained unwavering in our support for local smallholder farmers by purchasing seasonal agricultural products. Notably, we procured 15 tons of pineapples and 6.6 tons of pineapples and custard apples in the year 2023 alone, contributing to positive outcomes for farmers and society.   To foster the accessibility of inclusive financial services, the Land Bank is actively promoting the adoption of “Land Bank Pay,” such as by introducing the “Taiwan Pay” universal QR code payment service. By broadening the reach of mobile payment convenience across various platforms, the Land Bank integrates charitable initiatives and environmental conservation efforts through the “Land Bank x Taiwan Pay: Spreading Warmth, Lighting Hope” campaign. This allows the public to support charity by scanning QR codes with Land Bank Mobile Pay/Taiwan Pay, contributing to the development of a friendly and inclusive society.   Contact: Pei-yu Liao Tel.: 02-2348-3064

Land Bank’s badminton team scores medal in major international competition! Lin Chun-Yi, known as the “Left-handed Cannon,” in men’s singles, and the new men’s doubles pair Chen Zhi-Ray and Lin Yu-Chieh participated in the 2024 Badminton World Federation (BWF) Australian Super 500 Series, securing bronze medals in both men’s singles and men’s doubles.   Standing at 182 cm tall and renowned for his unique angled cross court smashes with his left hand, Lin Chun-Yi has earned the nickname “Left-handed Cannon.” Since his debut in professional tournaments in 2017, Lin has achieved numerous accolades. He clinched the Sydney International in his debut year, followed by 5 gold and 2 silver medals in 2022, and victories at the Thailand Masters Super 300 and Kaohsiung Masters Super 100 in 2023. This year, he added a bronze at the Malaysia Open Super 1000 and a gold at the Swiss Open Super 300.   In the semifinals of the Australian Open Super 500 Series, Lin Chun-Yi faced off against Japan’s top player, Kodai Naraoka, ranked 6th in the world. Adapting to Naraoka’s strategy of varied drop shots and lifts, Lin Chun-Yi agilely used his tactics to maintain resilience, resulting in a tightly contested match that lasted 60 minutes. Despite Lin’s determined efforts, Lin Chun-Yi missed two game points and ultimately lost with scores of 20-22, 21-23, settling for the bronze medal in the tournament.   In the men’s doubles category, the newly formed team of Chen Zhi-Ray and Lin Yu-Chieh, who currently rank 143rd worldwide, has quickly made a name for themselves. This year, they captured the championship at the Portugal International Championships and secured a bronze medal at the Orleans Masters Super 300. Their participation in the Australian Open Super 500 marked their entry into the highest-tier tournaments since teaming up. Ultimately, Chen Zhi-Ray and Lin Yu-Chieh emerged as dark horses to clinch the bronze medal in the men’s doubles, achieving their best record together.   Since establishing the badminton and women’s tennis teams in the 1970s, the Land Bank has served as the steadfast backbone for players, continuously strengthening career counseling and support systems. This ensures athletes can devote themselves fully to training and competitions with peace of mind. For those planning their retirement, the Land Bank offers counseling and training to help players transition into banking careers. Under a robust training regimen and comprehensive support systems, the Land Bank has nurtured outstanding athletes in recent years, including “Lin-Yang Pair” Wang Chi-Lin, “Small Cannon” Liang En-Shuo in women’s tennis, “Left-handed Cannon” Lin Chun-Yi in men’s singles, mixed doubles talents Chang Ko-Chi/Lee Chih-Chen, “Lee Brothers” Lee Fang-Jen/Lee Fang-Chih, and “Flash” Su Li-Yang, among others.   To ensure that our national athletes pass on their sports expertise and spirit to the next generation, the Land Bank’s badminton team organizes annual badminton camps and community outreach teaching activities, demonstrating our corporate social responsibility. Through longstanding efforts, we have been honored with the Ministry of Education’s Sports Promoter Awards, including the Sponsorship Gold Award, Long-term Sponsorship Award, and Promotion Gold Award, for 15 consecutive years.   This year, the Land Bank is concentrating on advancing green finance and promoting sustainable prosperity. In April 2024, the Land Bank successfully issued a NT$1 billion Sustainable Development Bond, with all funds raised intended for green investments and social impact initiatives. Additionally, at the end of April, the Land Bank Nankang Branch’s High-Efficiency Chilled Water System Project received approval from the Ministry of Environment. This approval marks us as the first financial institution in Taiwan to have a voluntary greenhouse gas reduction project sanctioned, underscoring our commitment to environmental stewardship and sustainable business practices. The Land Bank will continue to guide corporate partners and individual customers towards sustainable goals, creating an ecosystem where banking, society, and the environment thrive together.   Contact person: Li Chun-Chang Tel.: 02-2217-3271 #121

In response to the Financial Supervisory Commission's Trust 2.0 Campus Outreach Plan and the principle of financial inclusion, the Land Bank of Taiwan held a trust knowledge promotion event at the National Central University Baseball League game on April 25, 2024. This event not only supported student sports activities but also introduced the concepts, structure, and benefits of trusts. It aimed to establish students' investment and financial management concepts, promote the use of bank fund management services, and integrate marketing to expand digital deposit accounts, encouraging young students to develop good investment and savings habits early on.   In recent years, the Financial Supervisory Commission has actively promoted the Trust 2.0 Plan, encouraging banks to offer various trust products such as pension trusts, employee welfare trusts, and pre-sale housing-related trusts. This initiative aims to transform trusts from financial management tools into protection mechanisms for the general public, fostering growth in trust assets and enhancing the benefits of financial inclusion.   To support the Financial Supervisory Commission's Trust 2.0 Plan, the Land Bank of Taiwan has recently launched five major trust services: "Social Welfare Pension Trust," "Public Welfare Pension Trust," "Pre-Opened Pension/Insurance Money Trust," "Social Housing Elderly Rental and Pension Trust," and "Elderly Housing Trust Integrated Services." The bank also offers long-term customized pension trust contracts to ensure dedicated fund use, protect the rights of trust clients, and implement financial inclusion principles.   In response to the Financial Supervisory Commission's Trust 2.0 Campus Outreach Plan, the Land Bank of Taiwan visited the National Central University to share trust business knowledge. This initiative aimed to provide students with a deep understanding of trust concepts, including property protection, retirement pensions, care for disadvantaged children, and investment management. It sought to instill trust in knowledge among young students.   As a fully state-owned bank, the Land Bank of Taiwan has consistently adhered to the principle of "taking from society, giving back to society" to implement financial inclusion. Through long-term dedication, the bank has not only won the Financial Supervisory Commission's Pension Trust Award for two consecutive terms but has also been recognized as an "Outstanding Bank in Fair Customer Treatment Principles in the Financial Services Industry" by the Financial Supervisory Commission for five consecutive years. Additionally, the bank has received the "Outstanding Bank for Elderly and Disabled Property Trust Evaluation" award from the Financial Supervisory Commission for five consecutive years. These honors effectively promote public welfare and facilitate inclusive growth.   The bank will continue to uphold its core values of "Abundance, Harmony, Enthusiasm, and Innovation," creating a warm and secure financial environment for society and playing a more active role in the positive development of the environment, society, and economy.   Contact: Ssu-Heng Chen Tel.: 02-2348-3956

In response to the Financial Supervisory Commission's "Green Finance Action Plan 2.0," the Land Bank of Taiwan issued a sustainability bond on the 23rd. The issuance amount is NTD1 billion, with a term of 3 years and a coupon rate of 1.50%. All raised funds will be used for green investments and social benefit investment projects.   Since the Financial Supervisory Commission launched the "Green Finance Action Plan 2.0" in 2020, its core strategies have included credit, investment, capital market financing, talent cultivation, information disclosure, promoting the development of green financial products or services, prudent supervision, international linkage, and incentive mechanisms. These strategies aim to build a sustainable financial ecosystem in collaboration with the Taipei Exchange and financial institutions.   As a fully state-owned bank, the Land Bank of Taiwan integrates its core financial operations to support the Financial Supervisory Commission's green finance initiatives. In addition to offering "sustainable credit" through sustainable linked syndicated loans, related supply chain financial services, and green deposit projects under various "sustainable products," the bank also utilizes funds from sustainability bonds to assist domestic industries in low-carbon transformation and enhance business resilience.   To implement sustainable finance, the Land Bank of Taiwan has seen significant results since issuing its first NTD1 billion (5-year) sustainability bond in 2021. In 2022, it followed up with two additional bonds: NTD1.6 billion (5-year) and NTD900 million (3-year). Including the latest issuance, the bank has issued a total of four sustainability bonds, bringing the outstanding circulation to NTD4.5 billion.   Out of the NTD4.5 billion in sustainability bonds, apart from the recently issued NTD1 billion, NTD3 billion has been used for social housing projects for thousands of households, and NTD500 million has been allocated to renewable energy, energy technology and various social benefit investment projects, showcasing the bank's commitment to ESG (Environmental, Social, and Governance) principles.   Furthermore, to achieve net-zero emissions, the bank has recently completed the signing of the Equator Principles, supported the Task Force on Climate-related Financial Disclosures (TCFD), and continuously introduced third-party verification. In 2023, all domestic and overseas operation sites passed the verification of greenhouse gas emissions (Scopes 1 and 2) and received the ISO 14064-1 Greenhouse Gas Organization Verification Certificate. Additionally, the bank has long focused on core strategic industries, small and medium enterprise loans, pension trusts, customer service, and fostering the sports industry.   With the successful promotion of ESG, the bank was awarded the "Excellence Award for Loans to Six Core Strategic Industries," the "Central Taiwan Regional Special Award for Balanced Development in SME Loans," and the "Trust 2.0 Plan (Phase 2) Pension Trust Award" by the Financial Supervisory Commission in 2023. It has also been ranked in the top 25% of banks for fair customer treatment by the Financial Supervisory Commission for five consecutive years. It has received the Ministry of Education's Sports Promoter Award for 15 consecutive years.   To enhance sustainable competitiveness, the bank has focused this year on green finance leadership and sustainable co-prosperity as its operational themes. It includes climate change-related risks in its business operations and seizes opportunities. ESG factors are incorporated into investment, financing, and product review processes. General industry exclusions and high-pollution/high-energy consumption industry investment and financing limits are established, and the bank actively engages with enterprises to create a sustainable ecosystem for the bank, society, and the environment.   Contact: Tse-Hsiu Cho Tel.: 02-2348-3729

Public Banks Embrace Green Finance! Ho Ying-Ming, General Manager of Land Bank of Taiwan, attended the opening ceremony of the “2050 Net Zero City Expo” on the 19th, themed “Green Finance,” jointly exhibiting with 8 public banks to showcase the bank's recent achievements in promoting the Ministry of Finance's ESG initiative platform. This highlights Taiwan's smart city and net-zero city development momentum.   According to statistics from the World Meteorological Organization (WMO) under the United Nations, the global average temperature has hit a historic high in the past decade, with 2023 being the hottest year in human history. Facing climate change risks, Taiwan formulated the “2050 Net Zero Emissions Pathway and Strategy Overview” in 2022, including four major transformation strategies, two governance foundations, and twelve key strategic action plans, aligning Taiwan internationally towards a net-zero transformation.   Among the key strategic action plans, public banks are tasked with the critical role of green finance, including understanding corporate clients' carbon emissions, promoting data value-added and integration applications, using financial tools to guide enterprises and ensure due diligence, driving local enterprise supply chain decarbonization transformation.   In response to national policies, Land Bank of Taiwan, as a professional real estate bank, has been active in promoting “urban renewal and accelerated reconstruction loans for aging buildings,” as well as launching special project loans such as “Green Building Financing” and “Green Building Mortgages.” As long as clients meet conditions like using green building materials and obtaining Taiwan Architecture & Building Center's green building certificate, Land Bank of Taiwan offers interest rate or fee discounts, not only practicing green finance but also enhancing the quality of living for residents. At the “2050 Net Zero City Expo,” concrete achievements in urban renewal for aging buildings were showcased. As of 2023, Land Bank of Taiwan has approved cumulative financing of NT$185.1 billion for urban renewal and NT$60.2 billion for aging building reconstruction, leading among public banks.   Furthermore, Land Bank of Taiwan has long cultivated core strategic industries and SME loans, elderly care trusts, improved customer service quality, and support for badminton sports, further demonstrating remarkable ESG performance. It has not only received the FSC's “Six Core Strategic Industry Loan Excellence Award,” “SME Loan Outstanding Bank Equitable Regional Development Special Award in Central Taiwan,” and “Trust 2.0 Project Evaluation Elderly Care Trust Award” but also maintained a top 25% ranking in the banking industry fairness assessment for five consecutive years and received the Ministry of Education's Sports Promotion Award for 15 consecutive years.   To expand its sustainable competitiveness, Land Bank of Taiwan's operational focus this year is on leading in green finance and sustainable prosperity. Starting from the FSC's Green Finance Action Plan 3.0, it incorporates climate change and related risks into business operations, seizes opportunities, includes ESG factors in investment, financing, and product review processes, sets general industry exclusions and limits for high-polluting/energy-consuming industries, issues sustainable development bonds, launches green deposit products, and actively collaborates with corporate partners, guiding them and individual customers towards ESG green sustainability goals, creating an ecosystem of sustainable prosperity for the bank, society, and environment.   Contact person: Li Hsi-Chih Tel.: 02-2348-3295

On April 3, 2024, a strong earthquake with a Richter scale magnitude of 7.2 occurred off the coast of eastern Hualien. In response to this earthquake, Land Bank of Taiwan has initiated disaster assistance and customer care measures, including relief and loans related to natural disasters, actively assisting affected customers in applying for insurance claims, and allowing existing credit holders who are affected by this disaster to apply for temporary deferment of principal repayment or loan extension.   The disaster assistance and customer care measures provided by Land Bank of Taiwan are as follows: 1. Loans related to natural disasters (earthquakes): (1) Housing reconstruction and renovation loans in natural disaster areas: Processed according to Land Bank of Taiwan's “Operating Guidelines for Housing Reconstruction and Renovation Loans in Natural Disaster Areas,” with a maximum reconstruction loan amount of NT$2 million and a maximum renovation loan amount of NT$500,000. (2) Assistance for residential repair loans in natural disaster areas: Processed according to Land Bank of Taiwan's “Guidelines for Assisting Residential Repair Loans in Disaster Areas” jointly issued with the National Development Council of the Executive Yuan, with a maximum loan amount of NT$2 million, of which NT$200,000 may be used for purchasing essential daily life equipment. (3) Small and medium-sized enterprise disaster recovery project loans: Processed according to Land Bank of Taiwan's “Precautions for Small and Medium-sized Enterprise Disaster Recovery Project Loans,” with loan approval based on the individual conditions of each applying enterprise. 2. Existing credit holders who experience revenue decline due to natural disasters or other special circumstances and face repayment difficulties may apply for temporary deferment of principal repayment or loan extension according to Land Bank of Taiwan's loan extension operation guidelines. 3. Customer care service measures: Land Bank of Taiwan has already initiated customer care service measures and actively assists affected customers in applying for insurance claims. Customers with insurance-related inquiries can contact their nearest Land Bank branch or the bank's insurance agency department.   Since its establishment, Land Bank of Taiwan has upheld the mission of inclusive finance and green finance, actively responding to policy initiatives by providing various relief loans and assistance measures, not only providing momentum for national post-disaster reconstruction but also assisting enterprises in building sustainable and resilient operations.   For information regarding Land Bank of Taiwan's disaster assistance and customer care measures, please visit the official website http://www.landbank.com.tw or call the customer service hotline at 02-2314-6633.   Contact person: Li Chun-Lin Tel.: 02-2348-3287

With the auspicious start of the Year of the Dragon, the Land Bank of Taiwan organized a Lunar New Year gathering on the sixth day of the lunar calendar (February 15, 2024). Land Bank Chairwoman Chuan-chuan Hsieh, General Manager Ying-ming He, and unit managers connected via video conference to different branches to commend the Land Bank's staff for their outstanding performance in the 2023 fiscal year. The Land Bank achieved a historic high in pre-tax profits, amounting to NT$17.043 billion.   Looking ahead to 2024, Chairwoman Hsieh emphasized the importance of embracing the ethos of "advancing beyond yesterday" among all staff members. They are encouraged to persist in generating outstanding accomplishments for both the Land Bank and themselves. Within the framework of the Land Bank’s five primary strategic objectives—namely, "equitable credit allocation," "diversified revenue streams," "quality talent cultivation," "digitalization of operations," and "commitment to sustainable development"—the Land Bank will formulate more comprehensive and in-depth annual strategies. These strategies will be meticulously tracked through Gantt charts to ensure progress, with dynamic adjustments facilitated by ongoing feedback mechanisms. Additionally, real-time incentive structures will be implemented to enhance the thorough implementation and agility of established strategies.   Regarding "equitable credit allocation," the Land Bank is proactively increasing its corporate credit capacity by leveraging its current land and construction development loan credits. This involves adjusting the credit structure, managing risk asset utilization, and proactively preparing to comply with forthcoming BIS (Capital Adequacy Ratio) regulations.   For the year ahead, the Land Bank places significant emphasis on "diversified revenue streams," particularly through financial operations and fee income. In addition to actively allocating resources to cater to the business-driven fee income ratio of high-asset clients, there is a concerted effort to increase the proportion of financial operations to an optimal level.   To foster a positive corporate workplace culture, the Land Bank is actively implementing initiatives to exemplify its "quality talent cultivation" strategy this year. It has introduced HR policies and systems tailored to the needs of the new generation of employees, providing excellent talents with enhanced development opportunities.   Given the evolving landscape of technology and the escalating risks associated with information security, cybersecurity has emerged as the cornerstone of the Land Bank's "digitalization of operations" initiative. To bolster customer convenience and promote financial inclusion, the Land Bank continuously updates improvement plans for its financial service pathways based on customer feedback. This ensures that the Land Bank's app and digital services remain user-friendly and accessible.   On "commitment to sustainable development," the Land Bank has established new ESG (Environmental, Social, and Governance) objectives for the upcoming fiscal period. The Land Bank not only adheres to both GRI (Global Reporting Initiative) and SASB (Sustainability Accounting Standards Board) standards for compiling ESG reports but also integrates ESG considerations into its investment, financing, and product evaluation processes. The Land Bank has instituted broad exclusions for certain industries and imposed upper limits on investments and financing for environmentally detrimental or energy-intensive sectors. Additionally, it is exploring the implementation of greenhouse gas inventories at operational sites to bolster the competitiveness of its sustainable operations.   At the conclusion of the Lunar New Year activities, Chairwoman Hsieh drew inspiration from the Chinese proverb "Those that succeed stick to long-term goals, those that fail often set new goals" to motivate the bank's staff to set and pursue long-term objectives in the new year. She urged everyone to contribute their utmost efforts to ensure the Land Bank attains remarkable performance and success in the forthcoming year.   Contact: Pei-yu Liao Tel.: 02-2348-3064

The Land Bank of Taiwan (Land Bank) remains steadfast in its commitment to inclusive finance, embodying this commitment through four key initiatives: "friendly finance," "assistance to financially vulnerable groups," "promotion of financial literacy," and "support for the growth of small and medium-sized enterprises." For five consecutive years, the Land Bank has consistently ranked within the top 25% in the Financial Supervisory Commission's assessment of fairness in the banking industry's to treat clients fairly. This underscores its success in meeting the diverse financial service needs of various customer demographics.   The Financial Supervisory Commission (FSC) utilizes the "G20 Financial Inclusion Indicators" framework and the current state of the domestic financial market as benchmarks. Since 2020, it has implemented inclusive finance measurement indicators for Taiwan, evaluating the development and efficacy of inclusive finance within our financial sector from three key perspectives: accessibility, usability, and the quality of financial services.   As a state-owned bank, the Land Bank adheres to the FSC's inclusive finance indicators. Regarding the "friendly finance" measures, the Land Bank currently has 150 operating units, all equipped with accessible service counters, ATMs suitable for wheelchair users, and video call sign language interpretation services. The ratio of barrier-free ramp installations is approximately 95%, and the ratio of barrier-free restroom installations exceeds 88%. Moreover, to better serve customers from diverse backgrounds, the Land Bank has introduced a bilingual branch system in 89 branches, which constitute approximately 60% of the total number of branches.   In addition to catering to the needs of various communities, the Land Bank actively engages in "assisting financially vulnerable groups." As part of our response to the Trust 2.0 initiative, we have introduced five key trust services: social welfare hospice care, social welfare public welfare hospice care, pre-activated hospice care/insurance, social housing for the elderly, and integrated services for elderly living trusts. By the conclusion of 2023, the total trust volume has exceeded NT$450 million. Notably, the "social welfare public welfare trust" has positively impacted 4,605 individuals. Furthermore, the Land Bank offers micro-injury insurance and small-premium whole life insurance to address protection needs for economically disadvantaged individuals. Additionally, the Land Bank provides Phoenix Micro Start-up Loans to facilitate entrepreneurship, along with specialized loans tailored for unemployed middle-aged and elderly individuals seeking to establish their own businesses. In total, the Land Bank has extended loans to 331 account holders, totaling NT$141 million. During debt clearance procedures, the Land Bank also takes into consideration the debt repayment capabilities of economically disadvantaged groups, actively aiding them in resolving debt issues and reintegrating them into mainstream society.   Moreover, to foster public literacy on financial concepts and bolster awareness of fraud prevention, the Land Bank has championed initiatives under the banner of "popularizing financial knowledge." We have conducted numerous seminars on asset planning, asset inheritance, retirement planning, financial planning for low-income individuals, and anti-fraud awareness in schools and communities. These endeavors are designed to augment financial literacy and anti-fraud awareness among the public. As of the end of 2023, we had organized 49 outreach events, benefiting nearly 3,000 individuals.   In addition to helping individuals, the Land Bank is dedicated to bolstering Taiwan's economy, exemplified by our commitment to initiatives promoting the growth of small and medium-sized enterprises (SMEs). Through programs like the SME 100 Billion Stimulus Program, Post-Pandemic Stimulus Program, and Low Carbon Smart Management loan programs, we facilitate SMEs' access to operational funds, fostering mutually beneficial outcomes for the government, banks, and enterprises. By the conclusion of 2023, the Land Bank had approved SME loans totaling over NT$600 billion, garnering recognition from the FSC in the form of a Special Award for Outstanding SME Loan Banks for Equitable Development in the Central Region, underscoring our efforts towards balanced regional development.   Since its inception, the Land Bank has upheld the ethos of "what is taken from society is given back to society," championing the principles of inclusive finance and fulfilling corporate social responsibility. Looking back on the previous year, the Land Bank has organized over 300 charity events, with enthusiastic participation from over a thousand employees who volunteered their time and efforts. Furthermore, we've remained unwavering in our support for local smallholder farmers by purchasing seasonal agricultural products. Notably, we procured 15 tons of pineapples and 6.6 tons of pineapples and custard apples in the year 2023 alone, contributing to positive outcomes for farmers and society. To foster the accessibility of inclusive financial services, the Land Bank is actively promoting the adoption of "Land Bank Pay," such as by introducing the "Taiwan Pay" universal QR code payment service. By broadening the reach of mobile payment convenience across various platforms, we aim to incentivize more consumers to utilize mobile payment services. Additionally, the Land Bank collaborates with charitable and environmental conservation organizations to champion the "Donate Your Love, Charity at Your Fingertips" (愛心樂捐 隨手做公益) campaign. Through this initiative, individuals can support charitable causes by making donations using Land Bank's Land Bank Pay/Taiwan Pay QR code scanning feature, thereby contributing to creating a friendly and inclusive society.   Contact person: Hsi-Chih Li Tel.: 02-2348-3295

Traveling to Korea? Use Taiwan Pay and Enjoy 15% Cashback! On January 31, Hsieh Chuan-chuan, Chairperson of the Land Bank of Taiwan (Land Bank), accompanied by representatives from Financial Information Service Co., Ltd. (FISC), along with several state-owned banks and regulatory authorities, traveled to Korea to attend the "TWQR (QR Code Universal Payment Standard) Korea Launch Press Conference." Coinciding with this event, a cashback promotion was launched, offering individuals the opportunity to receive up to 15% cashback when utilizing Taiwan Pay/Land Bank Mobile Pay for QR code transactions at 30,000 participating merchants in Korea. This promotion is valid from now until April 30th.   To promote the adoption of mobile payments on a national scale through a "Mobile Payment National Team," Taiwan has brought together key stakeholders such as the Central Bank, Ministry of Finance, BAROC, FISC, and state-owned banks, including the Land Bank of Taiwan. The team has partnered with the Korean company BC Card to introduce TWQR in Korea. This historic collaboration represents the first time Taiwan's domestic payment system has been introduced in Korea. On January 31, a delegation made up of Chairperson Hsieh Chuan-chuan of the Land Bank, along with Paul C. D. Lei, Chairperson of BAROC, Lin Kuo-liang, Chairperson of FISC, Liu Su-chu, representative from the Central Bank, and Wang Su-ying from the National Treasury Administration, Ministry of Finance, as well as representatives from various state-owned banks attended the "TWQR Korea Launch Press Conference" in Korea. This event celebrated the entry of TWQR into the Korean market.   In celebration of TWQR's launch in Korea, Land Bank, in collaboration with various state-owned banks, is introducing attractive cashback promotions. From January 31 to April 30, 2024, travelers visiting Korea can take advantage of cashback benefits by simply using Taiwan Pay/Land Bank Mobile Pay to complete QR code payment transactions at designated local stores in Korea (including convenience stores or duty-free shops, among 30,000 Taiwan Pay partner merchants). By taking advantage of this promotion, users can enjoy "2% cashback for international QR code shopping transactions" and "up to 13% cashback when shopping at designated overseas merchants," allowing for a total potential cashback of up to 15%.   In alignment with the national agenda of inclusive finance and mobile payment initiatives, the Land Bank has adopted three key strategies. Firstly, by leveraging its extensive network of 150 branches and headquarters nationwide, the bank actively promotes the adoption of Taiwan Pay across various domestic consumption, transportation, and bill payment channels. This concerted effort not only facilitates the widespread use of electronic financial services but also fosters the growth of Land Bank’s personal banking product and service offerings. Furthermore, in collaboration with FISC and other state-owned banks, the Land Bank introduced the TWQR payment barcode in 2023. This initiative effectively consolidates various QR code scanning payment methods. As a result of these efforts, the Land Bank was honored with the Cross-Border Service Innovation Award from FISC in 2023. Thirdly, as part of the "mobile payment national team," the Land Bank has successfully promoted TWQR to overseas regions. The service is currently available in Japan and Korea, and is expected to expand to more channels and services in the future to meet consumer demands, thereby manifesting the principle of inclusive finance.   Since assuming office, the Land Bank Chairperson Hsieh Chuan-chuan, has prioritized "digitalization of operations" as one of the bank’s key strategic objectives. Under this initiative, six major pillars have been established, including digital financial services, digital payments, artificial intelligence applications, big data analytics, cross-industry collaboration, and digital talent development. Through these efforts, the Land Bank has created local digital financial brands such as "Land Bank Mobile Pay" and "Land Bank Mobile Banking."   To continuously strive for excellence and meeting customers' demands for digitalization and convenience, the Land Bank has proactively embraced the national initiative for mobile payments by promoting Taiwan Pay and TWQR. These efforts are geared towards reducing the carbon footprint linked to consumer transactions while fostering a “three good” ecological chain wherein good environmental sustainability, sound industry development, and the Land Bank’s role as a financial institution coexist and prosper harmoniously.   Contact: Wang Hui-chen Tel: 02-2348-3870