TAICHUNG COMMERCIAL BANK Business Summary

Taichung Commercial Bank Ltd (TCB) operates a diversified financial services model, generating the majority of its revenue through net interest income from corporate and consumer lending, supplemented by non-interest income from wealth management, insurance brokerage, and trust services. The bank’s primary business segments include Corporate Banking—with a strategic emphasis on Small and Medium Enterprises (SMEs)—Retail Banking, Wealth Management, and an expanding International Banking division that includes an Offshore Banking Unit (OBU) and branches in Southeast Asia. TCB leverages its regional dominance in central Taiwan and its specialized subsidiaries, such as Taichung Bank Leasing, to provide integrated financial solutions. In the competitive landscape, TCB competes directly with E.SUN Financial Holding, First Financial Holding, Bank of Kaohsiung, and Union Bank of Taiwan, positioning itself as a high-penetration regional specialist that outperforms larger peers in localized SME relationship management. Originally founded in 1953 as the Taichung District Small Business Bank, the institution is currently led by Chairman Ruey-Tsang Lee, who assumed the role in February 2025 and brings a distinguished pedigree as the former Administrative Deputy Minister of Finance and Chairman of Taiwan Financial Holdings. The executive management is headed by President Yi-Yuan Tung, a long-term internal veteran appointed in July 2024 to drive the bank’s digital transformation and overseas expansion. The bank remains under the significant influence of its primary shareholder, the China Man-Made Fiber (CMMF) group, with a board that includes experienced directors such as Managing Director Kuei-Fong Wang. This leadership structure maintains a focus on conservative risk management and steady dividend growth, catering to a stable base of institutional and retail investors.