Major Clients:
Confidential
Revenue:
$1 million - $3 million
Year Founded:
2013
Pricing:
M
Fulltime Employees:
10+
Primary Services:
Merchant Cash Advance
Active Clients:
20+
Client Retention Rate:
88%

Major Clients:
Confidential
Year Founded:
2013
Fulltime Employees:
10+
Active Clients:
20+
Client Retention Rate:
88%
Revenue:
$1 million - $3 million
Pricing:
M
Primary Services:
Merchant Cash Advance, Merchant Cash Advance
Secondary Services:
Social:

About - CTBC Bank (Philippines) Corp.

Ground Floor, Diamond Plaza Building, M.C. Briones Street, | Central Visayas, Philippines

CTBC Bank (Philippines) Corp. Reviews

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Jimrey Biosa

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Neutral Review

October 17, 2019

Reviewed on Oct 17, 2019

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It was established in 1966 under the name China Securities and Investment Corporation. In 1971, its name was changed to Chinatrust Investment Company Limited. In 1992, it was transformed into Chinatrust Commercial Bank.The bank has subsidiaries in the Philippines, the United States, Canada, and Indonesia, foreign branch offices in Singapore, Hong Kong, India, Japan, and Vietnam, and foreign representative offices in London, Bangkok, Hanoi, Beijing, Manila, and Los Angeles.CTBC Bank was awarded by international professional agencies as Best Bank in Taiwan in Asiamoney and The Asset magazines.[citation needed] In the area of corporate banking, CTBC Bank was recognized by Global Finance and Asiamoney as the Best Foreign Exchange Bank in Taiwan,[citation needed] while Global Finance, The Asset, The Asian Banker, The Corporate Treasurer, and Global Trade Review magazines named CTBC Bank Taiwan’s Best Trade Finance Bank.[citation needed] CTBC Bank was awarded Best Retail Bank in Taiwan by The Asian Banker for the ninth time and was named Taiwan’s Best Wealth Management Bank in Euromoney for the eleventh time.Chinatrust Philippines Commercial Bank Corp. is a subsidiary of Chinatrust Commercial Bank Corp. of Taiwan. It is listed on the Philippine Stock Exchange, but the majority of shares are held by Chinatrust Taiwan. In November 2000, Chinatrust Taiwan agreed to 63,526,127 shares of Chinatrust Philippines at P19 per share from a group of shareholders led by then-President William Go, increasing its shareholding from 57.5% to 91%. However, there was some uncertainty surrounding this transaction, as with a public float of less than 10% of shares outstanding, Chinatrust Philippines would have to be delisted. In the end, Chinatrust Philippines was able to remain listed by declaring its intention to issue more shares through a secondary market offering, and paying fines to the exchange in the meantime. However, in 2012, CCB has beed delisted from the Philippine Stock Exchange.Chinatrust Philippines' president is currently Steve Tsai. Its 23 branches give it one of the most extensive branch networks among foreign-owned banks in the Philippines.

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