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The Shanghai Commercial & Savings Bank (SCSB) Performances

Published by Gbaf News

Posted on September 2, 2013

3 min read
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SCSB Logo

SCSB Logo

The Shanghai Commercial & Savings Bank (SCSB) was first established in Shanghai in 1915, was re-registered in Taiwan in 1954 and resumed business in Taiwan in 1965 with the aspiration of “service to society, support for industry, and prosperity to enhance international trade”. It adopts a prudent approach towards developing its business and places strong emphasis on risk management. With corporate banking as its core business, SCSB also specializes in foreign exchange, cross-strait trade finance, as well as mortgage and wealth management services. SCSB enjoys sound asset quality and a robust financial and business structure, and has been a long-term leader among its peers in terms of business performance. In October 2007, SCSB was ranked the top bank in strength in Taiwan among other local banks by “The Asian Banker”. In 2011, SCSB was ranked the top bank among the commercial banks in Taiwan by the China Productivity Center in respect of both “Service Capitals” and “employee satisfaction”.

scsb

scsb

Concurrently, SCSB won the prize of “2011 Taiwan Chapter’s Annual Risk Management Excellence” awarded by Global Association of Risk Professionals (GARP) Taiwan Chapter. In March 2013, “Global Banking & Finance Review” named SCSB as the “Best Commercial Bank in Taiwan 2013.” In April of the same year, “The Asian Banker” again recognized SCSB as the “Best Managed Bank in Taiwan.” In July, based on the ranking conducted by “The Banker”, a U.K.-based financial periodical, SCSB was ranked the 224th largest bank in the world in term of tier one capital.

SCSB is committed to corporate social responsibility over the long run. In addition to donating funds to establish two charitable foundations, SCSB partners with its corporate volunteers to proactively care for the society and promote social, charitable events, which have garnered positive feedback from all segments of society.

SCSB Logo

SCSB Logo

The Shanghai Commercial & Savings Bank (SCSB) was first established in Shanghai in 1915, was re-registered in Taiwan in 1954 and resumed business in Taiwan in 1965 with the aspiration of “service to society, support for industry, and prosperity to enhance international trade”. It adopts a prudent approach towards developing its business and places strong emphasis on risk management. With corporate banking as its core business, SCSB also specializes in foreign exchange, cross-strait trade finance, as well as mortgage and wealth management services. SCSB enjoys sound asset quality and a robust financial and business structure, and has been a long-term leader among its peers in terms of business performance. In October 2007, SCSB was ranked the top bank in strength in Taiwan among other local banks by “The Asian Banker”. In 2011, SCSB was ranked the top bank among the commercial banks in Taiwan by the China Productivity Center in respect of both “Service Capitals” and “employee satisfaction”.

scsb

scsb

Concurrently, SCSB won the prize of “2011 Taiwan Chapter’s Annual Risk Management Excellence” awarded by Global Association of Risk Professionals (GARP) Taiwan Chapter. In March 2013, “Global Banking & Finance Review” named SCSB as the “Best Commercial Bank in Taiwan 2013.” In April of the same year, “The Asian Banker” again recognized SCSB as the “Best Managed Bank in Taiwan.” In July, based on the ranking conducted by “The Banker”, a U.K.-based financial periodical, SCSB was ranked the 224th largest bank in the world in term of tier one capital.

SCSB is committed to corporate social responsibility over the long run. In addition to donating funds to establish two charitable foundations, SCSB partners with its corporate volunteers to proactively care for the society and promote social, charitable events, which have garnered positive feedback from all segments of society.

Key Takeaways

  • Founded in 1915 in Shanghai, SCSB was re-registered in Taiwan in 1954 and resumed operations in 1965.
  • The bank has a conservative approach, emphasizing corporate banking, foreign exchange, cross‑strait trade finance, mortgage and wealth management.
  • Consistently recognized for excellence: top strength bank in Taiwan in 2007, risk management and service awards in 2011, Best Commercial Bank in Taiwan in 2013.
  • Committed to corporate social responsibility, operates charitable foundations and engages in community volunteer initiatives.

References

Frequently Asked Questions

When and where was SCSB founded?
SCSB was founded in Shanghai in 1915 and later re‑registered in Taiwan in 1954, resuming operations in 1965.
What are SCSB’s core business areas?
Its core business is corporate banking, with specializations in foreign exchange, cross‑strait trade finance, mortgage and wealth management services.
What recognition has SCSB received?
It was named Taiwan’s top strength bank by The Asian Banker in 2007, earned awards in service and risk management in 2011, and was named Best Commercial Bank in Taiwan in 2013.
How does SCSB engage in corporate social responsibility?
SCSB has established charitable foundations and supports social and charitable events through corporate volunteer programs.

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