| Website | http://www.firstbank.com.tw |
| Headquarters |
30,Chung King South Road,Sec. 1
100 Taipei
Taiwan, Republic of China
|
| CEO/chair |
Ye-Chin Chiou Chairperson |
| Supervisor | |
| Ownership |
listed on Taipei Exchange
First Commercial Bank is a subsidiary of First Financial Holding (of which the largest shareholder is the Government of Taiwan (20.5%) is). First Financial Holding's complete shareholder structure can be accessed here. |
First Commercial Bank was established in November 1899 as Savings Bank of Taiwan. After mergers in 1912 merged with Commercial and Industrial Bank of Taiwan, and in 1923 with Chia-I Bank and Hsin-Kao Bank, it changed its name in 1947 to Taiwan Industrial and Commercial Bank. In 1976, it was given its current name, First Commercial Bank. In January 1998 the Bank was transformed from a government entity into a private bank. After the establishment of First Financial Holding in January 2003, the Bank became a subsidiary of the First Financial Group.
First Financial Holding's (First Commercial Bank's parent company) most important sustainability commitments can be found at the website sections listed below.
First Commercial Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of First Commercial Bank's link to these deals.
First Financial Holding says it operates a Stakeholder Communications Channel, but the webpage does not list any specific contact details.
First Commercial Bank is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates First Commercial Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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