Fubon Financial Holdings Overview
The regulator of China approved the purchase of First Sino Bank. China Banking Regulatory Commission Endorses Taiwanese Fubon Financial Holding Co. on acquisition
most of the shares of the Chinese bank «First Sino Bank».
Fubon is the first Taiwanese credit institution to have branches in China and Hong Kong.
Fubon Holding, which is now Taiwan's second largest financial conglomerate in terms of assets, Fubon Holding bought an 80% stake in «First Sino Bank» for 5.65 billion yuan ($ 906 million).
Deal approved by Taiwan regulator.
Upon completion of the transaction, Fubon received 14 branches in the highest priority Chinese cities in the Pearl River Delta.
Committed to becoming one of Asia’s first-class financial institutions, Fubon Financial Holdings has built a strong lineup of financial service companies. Its major subsidiaries include Fubon Life,
Taipei Fubon Bank, Fubon Bank (Hong Kong), Fubon Bank (China), Fubon Insurance, Fubon Securities. As of the end of 2018, Fubon Financial Holdings had total assets of US$251 billion, ranking second among
Taiwan’s financial holding companies, and it has been the most profitable company in the industry in terms of earnings per share (EPS) for ten consecutive years. The company was named to the Fortune Global
500 for the first time in 2018.
Fubon Financial Holdings is now the only Taiwanese financial institution with banking subsidiaries in China, Taiwan and Hong Kong.
At the heart of Fubon Financial Holdings’ operating strategy is a strong commitment to sustainable growth, which has earned the company global recognition. In 2018, it was selected for a second straight
year to the DJSI World Index and MSCI ESG Leaders Indexes and for a third year running to the DJSI Emerging Markets Index.
Looking ahead, Fubon Financial Holdings will continue to strengthen our presence in Taiwan and pursue stable growth. At the same time, Fubon Financial Holdings will continue to search for suitable M&A opportunities in Greater China in order to develop a foothold in the regional market and move closer to the goal of becoming a first-class business group in Asia.