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Created before Nov 2016
Last update: 2017-06-23 14:00:12
Johan Frijns, BankTrack
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Cathay United Bank was formerly the United World Chinese Commercial Bank (UWCCB), which was founded in 1975. In 2003, UWCCB was merged with the former Cathay Commercial Bank, a wholly owned subsidiary of Cathay Financial Holding Company; UWCCB was the surviving bank but the merged bank was renamed to Cathay United Bank, effective on October 27, 2003.
Cathay United Bank is currently one of the largest commercial banks in Taiwan, with total assets of TWD 25 billion as of December 2016 (approximately USD 8.3 billion), and 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.
1F, No 7, Songren Road,
110 Taipei City
Taiwan, Republic of China
Tsu Pei Chen |
2015 Annual Report|
Corporate Sustainability Report 2015
Cathay United Bank is a wholly owned subsidiary of Cathay Financial Holdings, the largest financial holding company in Taiwan.
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Voluntary initiativesCathay United Bank has committed itself to the following voluntary standards:
The Cathay Financial Holding Co. Ltd. has published a Corporate Social Responsibility Code of Practice which must be followed by all groups. The Corporate Sustainability page of Cathay Financial Holdings can be found here.
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.
Implementation and reporting
Cathay United Bank is reporting on the implementation here.