Merger and Acquisitions
In 2008, the merger of the banks and financial institutions Bank of Taiwan, Land Bank of Taiwan, The Export-Import Bank of China, BankTaiwan Securities and BankTaiwan Life Insurance formed Taiwan Financial Holding Group (臺灣金融控股公司).
Taiwan Financial Holdings Co. Ltd. filed a merger report in accordance with the Fair Trade Law under Article 6, 11 and 12. The merger report concluded that this will result in the possession of more than 15% of the deposit and loan market and there is no obvious danger of restriction on market competition. The report concluded that the meeting on October 4, 2007 decided the benefits brought by the merger outweigh the negative.
Read more about this topic: Taiwan Financial Holdings Group