1. Business scope (1) Accepting the deposits of enterprises (2) Providing loans to enterprises including unsecured short-term loan, mid-term and
long-term loan, and guarantee and acceptance business (3) Domestic and international factoring business (4) Trade-related banking service including importing/exporting exchange business
and foreign currency payment guarantee service (5) International banking business for offshore legal persons and individuals (6) E-cash management service
2. Business highlights The total credits extended to corporate customers in 2008 amounted to NT$321.6 billion, of which credits in foreign currency accounted for 40% indicating that the development of the overseas credit business was a success. The factoring business reached NT$157.2 billion, with the foreign exchange business amounting to US$167 billion, each representing a significant market share in the market. The corporate banking's cross-continent service network has provided integrated and cross-border services to Taiwanese enterprises overseas. The CrossPacific Account (CPA) provides over 4,500 corporate customers with cross-region cash management and financing services. The MMAb2b corporate banking network is a convenient online service used by 19,000 corporate members. Factoring by Insurance (FBI) provides corporate customers with comprehensive services and helps reduce overseas operating costs for the factoring business. As such, Bank SinoPac is able to extend these services to customers in Europe and the United States. Moreover, the promotion of the said services helps Bank SinoPac become the leader among domestic banks in supply chain financing while Taiwanese enterprises have been globalizing their supply chains.
3. Treasury Treasury is in change of the marketing of and trading in financial instruments such as foreign exchange, fixed income, equity, derivatives, financing and investing etc. On top of its own proprietary trading, the Treasury also provides clients with a variety of hedging and financing products. The Treasury has participated in the financial markets in Taiwan and Asia. Trading in the spot markets of both foreign exchange and bond are most successful. |