History
The history of the Land Bank of Taiwan dates from 1945 when the World War II came to an end. To facilitate the implementation of land policies such as land-rights equalization and the land-to-the-tiller program in Taiwan, the government appropriated 60 million dollars from the national treasury as capital to establish the “Land Bank of Taiwan” in accordance with ROC law on 1 September 1946 utilizing the five branches of the Nippon Kangyo Bank set up in Taipei, Hsinchu, Taichung, Tainan, and Kaohsiung during the Japanese occupation.
Its predecessor under Japanese rule was the Nippon Kangyo Bank. NKB branches in Taipei, Hsinchu, Taichung, Tainan and Kaohsiung were taken over by the ROC government following the end of World War II, to facilitate the implementation of land policies such as land-rights equalisation and the land-to-the-tiller programme. The branches were reorganised into the Land Bank on September 1, 1946.
In May 1985, the Land Bank of Taiwan became qualified as a juristic person according to Article 52 of the Banking Act; on 21 December 1998, it became a state-run organization upon implementation of the Province Simplification Statute; on 1 July 2003, it was reorganized as the “Land Bank of Taiwan Co., Ltd.;” further on 21 May 2004, it was transformed into a public company to prepare for initial public offering of its stocks upon privatization.
Thanks to the determined reforms effected by the management team and the enthusiastic efforts made by the staff members, the Land Bank of Taiwan Co., Ltd. has ranked among the “World’s Top 200 Banks.” To respond to the overall financial landscape change and the fierce market competition, the Bank will not only continue to use its advantage as a real-estate specialty bank to conduct special loans pursuant to government policies to enhance national economic development, but also progressively increase its competitiveness and advance its internationalization to develop towards a full-scale regional financial institution of excellence.
Read more about this topic: Land Bank Of Taiwan
Famous quotes containing the word history:
“A man will not need to study history to find out what is best for his own culture.”
—Henry David Thoreau (1817–1862)
“The only history is a mere question of one’s struggle inside oneself. But that is the joy of it. One need neither discover Americas nor conquer nations, and yet one has as great a work as Columbus or Alexander, to do.”
—D.H. (David Herbert)
“Racism is an ism to which everyone in the world today is exposed; for or against, we must take sides. And the history of the future will differ according to the decision which we make.”
—Ruth Benedict (1887–1948)