Cathay United BankTaiwan, Republic of China
Created before Nov 2016
Last update: 2018-10-30 11:31:45
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About Cathay United Bank

Cathay United Bank was formerly the United World Chinese Commercial Bank (UWCCB), which was founded in 1975. In 2003, UWCCB merged with the former Cathay Commercial Bank, a wholly owned subsidiary of Cathay Financial Holding Compan. The merged bank was renamed to Cathay United Bank. Cathay United Bank is one of the largest commercial banks in Taiwan, and operates more than 160 bank branches located throughout Taiwan. Its primary target markets include Taiwan, Hong Kong, the United States and Vietnam. Cathay United Bank Cambodia (CUBC), formed in 2014, is a wholly-owned subsidiary of Cathay United Bank Limited. Cathay United Bank adopted the Equator Principles in March 2015, and is profiled as part of BankTrack's Equator Principles Track and Chase project.

Website http://www.cathaybk.com.tw
Headquarters
1F no 7, Songren Road
110 Taipei City
Taiwan, Republic of China
CEO/chair Tsu Pei Chen
Chairman
Supervisor
Central Bank of the republic of China (Taiwan)
Annual reports Annual report 2017
CSR report 2017
Ownership

Cathay United Bank is a wholly owned subsidiary of Cathay Financial Holdings, the largest financial holding company in Taiwan. Cathay Financial Holdings' share holder structure can be accessed here.

Related Dodgy Deals

Cathay United Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Long Phu I coal power plant Vietnam profile

energy plants - coal
Approached, interested
USD 650 million
HSBC, Cathay United Bank, JP MorganChase and Mitsubishi UFJ are lead arrangers and together lended USD 650 million
source: Market Forces
link
There are no active projects for Cathay United Bank now.

Projects - on record profiles

Bauxite mine Niyamgiri Hills India profile

mining - non coal
Debt – corporate loan
Hindustan Zinc in August 2005

Companies - active profiles

There are no active companies for Cathay United Bank now.

Companies - on record profiles

APRIL Indonesia profile

forestry - pulp and paper
Debt – corporate loan
USD 53 million
4 May 2016 - 5 September 2023
The bank participated in a syndicated loan of USD 800 million, composed for three tranches (USD 540 million, USD 160 million, USD 100 million).
source: Bloomberg terminal
Debt – corporate loan
USD 50 million
25 April 2014
source: Reuters China (25 April 2014)
Debt – corporate loan
USD 50 million
15 August 2013
part of a syndicated loan of in total USD 1 billion
source: Reuters China (15 August 2013)

Dodgy Deals map

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News

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blog
external news
our news

The Chain: Paradise Papers Links APRIL’s Tax Avoidance to Deforestation and Banks, Could Impact USD 500 Million Loan

2017-11-16 | Chain Reaction Research
blog
external news
our news

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Environmental Paper Network
blog
external news
our news

APRIL signed a USD 265 million loan agreement

2014-04-25 | Reuters China

Documents

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Type:
Year:
csr policies

Human rights policy

Date listed represents date as accessed on website
2018-10-30 00:00:00 | Cathay Financial Holdings
csr policies

Engagement policy

2018-05-30 00:00:00 | Cathay Financial Holdings
annual reports

Annual report 2017

2018-03-31 00:00:00 | Cathay United Bank
annual reports

CSR report 2017

2018-03-31 00:00:00 | Cathay Financial Holdings
correspondence

Letter from 30 Indonesian NGOs to PT RAPP financiers on current situation of PT RAPP (APRIL's main supplier)

2017-11-24 00:00:00 | 30 Indonesian NGOs
ngo documents

In the Red

An Assessment of Bank Policies for Financing Pulp and Paper
2017-08-01 00:00:00 | Environmental Paper Network
our publications

Green Paper, Red lines

Chinese version
2016-09-01 00:00:00 | BankTrack
our publications

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
annual reports

Corporate Sustainability Report 2015

2016-01-31 00:00:00 | Cathay Financial Holdings
annual reports

2015 Annual Report

2016-01-31 00:00:00 | Cathay Financial Holdings
csr policies

Responsible investment and lending policy

2015-12-14 00:00:00 | Cathay Financial Holdings
annual reports

Cathay FHC 2014 Corporate Sustainability Report

2015-11-13 00:00:00 | Cathay Financial Holdings
annual reports

2014 Annual Report

2015-08-04 00:00:00 | Cathay Financial Holdings
annual reports

2013 Corporate Sustainability Report

2014-10-13 00:00:00 | Cathay Financial Holdings
annual reports

Annual Report 2013

2014-07-28 00:00:00 | Cathay Financial Holdings
csr policies

Corporate Social Responsibility Code of Practice

2013-06-27 00:00:00 | Cathay Financial Holdings

Links

Sustainability webpage of Cathay Financial Holdings

https://www.cathayholdings.com/en/holdings/csr

Policies

Voluntary initiatives

Cathay United Bank has committed itself to the following voluntary standards:

Investment policies

Cathay Financial Holdings has several policies in place which must be followed by all its subsidiaries. The corporate social responsibility webpage of Cathay Financial Holdings can be found here.

Year:
csr policies

Human rights policy

Date listed represents date as accessed on website
2018-10-30 00:00:00 | Cathay Financial Holdings
csr policies

Engagement policy

2018-05-30 00:00:00 | Cathay Financial Holdings
csr policies

Responsible investment and lending policy

2015-12-14 00:00:00 | Cathay Financial Holdings
csr policies

Corporate Social Responsibility Code of Practice

2013-06-27 00:00:00 | Cathay Financial Holdings

Issues

Cathay United Bank and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. Cathay United Bank adopted the Equator Principles in 2015.

Reporting on the Equator Principles

Cathay United Bank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Equator Principles

Implementation and reporting

Cathay United Bank is reporting on the implementation here.

Contact and complaints

Good moves

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