UNION BANK OF TAIWAN Business Summary

Union Bank of Taiwan (UBOT) operates as a mid-tier commercial bank in Taiwan, generating revenue primarily through net interest income from corporate and consumer lending, fee-based services, and investment gains. Its business is organized into five core segments: Corporate Banking (including foreign exchange and debt management), Consumer Banking (specializing in credit cards and car loans), Wealth Management and Trust, Investing, and Leasing (covering vehicles and real estate). As of early 2026, the bank maintains a strong domestic retail presence with over 90 branches and a growing digital banking footprint. UBOT competes directly with other private commercial banks such as Taichung Commercial Bank, Taiwan Business Bank, and Far Eastern International Bank, positioning itself as a consumer-centric institution with a significant niche in the Taiwanese credit card and auto finance markets. Founded in 1989 by visionaries Lin Rong-San, Lee Tswen-Ching, and Lee Yu-Chuan, the bank remains under the strategic influence of the Lin family, owners of the Liberty Times Group. The current leadership team is headed by Chairman Hung-Lien (Jeff) Lin, who has served in various executive capacities within the bank for decades, and President Wei-Wen Hsu, who assumed his role in late 2021 with extensive experience in financial regulation and senior management. Other key executives include Managing Director and CEO Zhen-Xong Jiang and Chief Information Security Officer Denfer Hung. The bank is largely controlled by the Lin family through investment vehicles like Union Investment Co., Ltd., which remains a primary shareholder alongside individual holdings by the Lin family members.