| Bank SinoPac ('BSP'), a wholly owned subsidiary of SinoPac Financial Holdings Co., Limited ('SPFH'), is a full-service commercial bank with banking services equally emphasized in corporate and individual sectors. In addition to traditional banking services in savings and loans, BSP has put a lot of efforts on the integration of financial products and the enhancement of the technology content in its service platforms. Back in 2000, BSP launched its Money Management Account (MMA), a truly state-of-the-art product that could consolidate customers' accounts in savings, loans, securities, mutual funds and credit cards into one summary, and consequently into one account, and thus enable our customers to manage their assets much more easily and efficiently. Since then, BSP has become the clear market leader in product innovation in the Taiwan banking community. We followed with a number of similar, yet more advanced creative products for our customers by utilizing our expertise in e-commerce and our established channels of cross-border banking services, such as B-to-B Pay-Web, e-Factoring Payment System, as well as our powerful CrossPacific Account (CPA). Through these products, we can help our clients establish highly effective management tools in cash flow and portfolio management. After years of expansion, BSP has not only conducted business throughout Taiwan, but also had it extended into Hong Kong, Macau, Vietnam, China and the United States. Furthermore, on Nov. 13th, 2006, BSP announced the completion of the merger with the International Bank of Taipei ('IBT'), which is also a member of SPFH with 59 years of operations, and operating more branches in the Greater Taipei area than any other bank, and consequently, has the strongest customer base of small and medium businesses in that area. Benefiting from the merger of the two banks, the new BSP has inherited both their achievements and resources, including those comprehensive business networks, innovative product lines and advanced information systems. Bank SinoPac current operates through 11 divisions, 3 business groups and 129 branches in Taiwan. In addition, the bank has an offshore banking unit (OBU), four overseas branches in Los Angeles, Hong Kong, Macao, and Kowloon, one liaison office in Vietnam and one subsidiary in California. The California subsidiary maintains 15 branches in the U.S., one full service branch in Vietnam and one liaison office in Beijing. To provide a completely integrated financial service solution, Bank SinoPac has invested heavily in financial peripheral business, including a finance company, leasing company, financial consultation and others.
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Corporate Profile