KGI Bank (traditional Chinese: 凱基商業銀行; simplified Chinese: 凯基商业银行; pinyin: Kǎijī Shāngyè Yínháng; Wade–Giles: K'ai3-Chi1 Shang1-yeh4 Yin2-hang2) is a commercial bank of Taiwan. It is part of China Development Financial Holding Corporation.
 | |
| Industry | Banking |
|---|---|
| Founded | 12 February 1992 |
| Founder | Hsu Sheng-fa |
| Headquarters | Songshan, Taipei, Taiwan |
Key people | Mark Wei, Chairperson Richard Chang, President |
| Products | Financial services |
| Total assets | NT$519,056,260,000 (30 June 2016) |
| Website | Official website |
History
Cosmos Bank
The financial institution founded by Hsu Sheng-fa obtained its incorporation approval on 13 August 1991 as Cosmos Bank. It acquired its license on 14 January 1992 and commenced its business on 12 February 1992.
On 10 February 2014, the bank agreed on share-swap to make it a subsidiary of China Development Financial Holding Corporation (CDF) and officially became CDF subsidiary on 15 September 2014. CDF acquired Cosmos Bank at the cost of NT$23.09 billion.[1][2]
KGI Bank
In January 2015, Cosmos Bank was renamed as KGI Commercial Bank.[3][4][5][6]
From this point on, CDIB's Corporate Banking and Financial Markets were ceded to KGI Commercial Bank.[7]
See also
References
External links
