China Trust Commercial Bank
China Trust Commercial Bank is one of the leading private sector banks in Taiwan. Origin of this bank can be traced to 1966 when China Securities Investment Corporation (CSIC) was established.
The main purpose of creating CSIC was to enable the landowners to trade their stocks that were given to them as compensation towards the lands taken from them for free distribution for poor farmers.
In 1971 the name was changed to China Trust Investment Co. Ltd and subsequently in 1992 it got its present name as China Trust Commercial Bank.
This prominent bank has played a major role in Taiwan’s economy. Today it operates in various cities across the world such as New York, London, Hong Kong, Bangkok, Manila, Jakarta, New Delhi and Hanoi.
China Trust Commercial Bank in India
China Trust Commercial Bank is one of the prominent branches among the foreign banks in India. It opened its office in 1996 and since then is playing a major role in promoting trade and commerce between India and China.
As India and China are the emerging economic powers of the world, the China Trust Commercial Bank has got a very active role in future. This bank offers various banking and financial services to Indian public and business community.
With its innovative products and world class services, this bank is regarded as one of the most efficient foreign banks in India. This bank has the highest credit rating as A3
Financial Services
The main thrust area of China Trust Commercial Bank in India is whole sale banking. The bank has positioned various ranges of products for corporate and institutional clients. The bank offers various financial services such as working capital, foreign exchange services, treasury management, cash management, etc.
The bank also provides non fund based services such as issue of Letter of Credit, Bank Guarantee, Collection of documents etc. There are good number of value added services such as loan syndication services, Project Financing, Channel Financing, Vendor Financing and Corporate Salary Accounts.
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