public limited industry banking headquarters taipei taiwan products financial services parent cathay financial holding website cathay united bank homepage cathay united bank chinese is one of the largest commercial banks in taiwan with a capital value of tw 52 billion approximately us 1.7 billion and more than 160 branches located throughout taiwan . cathay united bank was formerly the united world chinese commercial bank uwccb ; chinese which was founded in 1975 . in 2003 uwccb was merged with the former cathay commercial bank a wholly owned subsidiary of cathay financial holding company ; uwccb was the surviving bank but the merged bank was renamed to cathay united bank . contents 1 current status 2 oversea branches offices 3 joint ventures and subsidiary 4 oversea acquisitions 5 see also 6 references 7 external links current status edit cathay financial center cathay united bank cub headquartered in taipei taiwan has 165 branches throughout taiwan and provides consumer and corporate banking as well as wealth management services . cathay united bank is one of the most distinguished financial institutions in taiwan and has won numerous awards including bank of the year 2014 in taiwan the strongest bank in taiwan 2014 and the best trade bank in taiwan . oversea branches offices edit currently cathay united bank has 9 overseas branches and sub branches as well 6 marketing and representative offices plus 1 agency located in countries such as china malaysia cambodia singapore united states and vietnam . china shanghai branch shanghai minhang sub branch shanghai pilot free trade zone sub branch qingdao branch hong kong branch cambodia phnom penh branch laos vientiane capital branch malaysia labuan branch kuala lumpur marketing office myanmar yangon representative office philippines manila branch singapore singapore branch thailand bangkok representative office vietnam chu lai branch hanoi representative office ho chi minh city representative office joint ventures and subsidiary edit indovina bank vietnam chinese cathay united bank was the first taiwanese bank to establish a banking presence in vietnam . in 1990 cathay united bank with its local joint venture partner vietnam joint stock commercial bank for industry and trade vietinbank established indovina bank ivb . indovina bank headquartered in ho chi minh city is a commercial bank with 9 branches and 17transaction offices . cathay united bank cambodia corporation limited formerly singapore banking corporation cambodia in september 2012 cathay united bank with the national bank of cambodia s approval acquired a 70 % stake in singapore banking corporation sbc . 1 sbc was founded in 1993 and has 6 branches and 10 exchange offices in cambodia . a year later in september 2013 cathay united bank reached an agreement with the remaining shareholders of sbc to acquire the remaining 30 % shares . in january 2014 the name was changed to cathay united bank cambodia cubc . oversea acquisitions edit to expand its banking operations in asia in december 2014 cub through its sister company and life insurance arm of cathay financial holding cathay life insurance acquired a 22 % share approximately us 179 million of philippines rizal commercial banking corp rcbc . 2 rcbc is owned by the yuchengco group and is the country s eighth largest lender with a consolidated branch network of over 430 branches . rizal commercial banking corp is connected with the 81m bangladesh bank heist . as a result the bank s president resigned in may 2016 . 3 in january 2015 cathay life insurance announced a plan to acquire 40 % of indonesia s pt bank mayapada for approximately us 272 million . 4 bank mayapada founded in 1989 is a mid sized commercial bank focused on corporate lending with 175 branches and offices and owned by indonesian bilionaire dato sri tahir . see also edit list of banks in taiwan republic of china economy of taiwan list of companies of taiwan taipei references edit https www.cambodiadaily.com archives sbc to rebrand following taiwan acquisition 50684 http www.reuters.com article 2014 12 17 rizal comm cathay financial idusl3n0u135l20141217 president of philippine bank at center of 81 million heist quits . reuters . 6 may 2016 . retrieved 10 may 2016 . http www.thejakartapost.com news 2015 01 06 taiwan firm buy 40 mayapada stake rp 35t.html external links edit cathay united bank cathay united bank cambodia v t e s & p asia 50 companies aia group boc hong kong holdings cathay financial holding china construction bank china life insurance china mobile china petroleum & chemical china steel chunghwa telecom ck hutchison holdings clp holdings cnooc limited ctbc financial holding dbs group delta electronics formosa chem & fibre formosa plastics fubon financial holding galaxy entertainment group hang seng bank hon hai precision industry hong kong and china gas hong kong exchanges and clearing hyundai heavy industries hyundai mobis hyundai motor industrial and commercial bank of china jardine matheson kb financial group keppel kia motors kt & g lg chem li & fung lippo group mediatek nan ya plastics oversea chinese banking corporation petrochina ping an insurance posco power assets holdings samsung electronics sands china shinhan financial group singapore telecommunications sun hung kai properties taiwan semiconductor manufacturing united overseas bank want want china holdings retrieved from https en.wikipedia.org w index.php title cathay united bank & oldid 744425576 categories banks of taiwancompanies based in taipei2003 establishments in taiwanhidden categories articles containing chinese language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links 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