Bank of Taiwan

'', 1917 Japanese colonial bank The Bank of Taiwan's creation was authorized in 1897 by the Bank Act of Taiwan which also encouraged Japanese enterprises, such as the Mitsubishi and Mitsui Groups, to invest in Taiwan. It started operations in 1899. fewer than the Yokohama Specie Bank or Bank of Chōsen but more than any other Japanese commercial bank. Bank of issue of the Republic of China After the Japanese surrender in 1945, the ROC government (led by the Chinese Nationalist Party, or KMT) took over the Bank of Taiwan and began issuing Taiwan dollars, also known as Taiwan Nationalist Yuan, through the Bank of Taiwan. This currency is now referred to as the "old Taiwan dollar." Severe inflation of this currency during the Chinese Civil War led the Bank of Taiwan to issue the New Taiwan dollar in 1949. After the loss of mainland China in the Chinese Civil War by the KMT and its subsequent retreat to Taiwan, the Bank of Taiwan kept printing the island’s banknotes until the Central Bank of China assumed that role in 1961. Taiwanese commercial bank The Bank of Taiwan was governed under the Taiwan Provincial Government until 1998 when governance was transferred to the ROC Finance Ministry. In 2001 the Central Bank of China took over the task of issuing the New Taiwan Dollar. The Bank of Taiwan currently operates a total of 169 domestic branches as well as branches in Tokyo, Singapore, Hong Kong and the People's Republic of China. Branches have also been established in New York City, Los Angeles, London, and South Africa. In July 2007, the Bank of Taiwan merged with the Central Trust () as part of a government financial reform package. The bank continues to operate as an independent company taking over some aspects of the Trust's banking business. In January 2008, the Bank became part of the Taiwan Financial Holdings Group (), which also contains BankTaiwan Securities and BankTaiwan Life Insurance. ==Gallery==

File:Bank of Taiwan Head Office Building 1940.jpg|The Bank of Taiwan's head office in 1939 File:Department of Public Treasury, Bank of Taiwan 20101001.jpg|Bank of Taiwan Department of Public Treasury, Taipei File:BOT Department of Economic Research and CNPOC advertisements 20151206.jpg|Bank of Taiwan Department of Economic Research, Taipei File:Chia Pei Branch, Bank of Taiwan 20160326.jpg|Branch in Chiayi, Taiwan File:台灣銀行新竹支店.jpg|Branch in Hsinchu, Taiwan, photographed in 1939 File:Building of Bank of Taiwan Karenko Branch 1916.jpg|Branch in Hualien, Taiwan, photographed in 1916 File:Kaohsiung Branch, Bank of Taiwan 20190309.jpg|Branch in Kaohsiung, Taiwan File:Taiwan Bank in Kirun.jpg|Branch in Keelung, Taiwan, photographed in 1919 File:臺灣銀行阿緱出張所.jpg|Branch in Pingtung, Taiwan, photographed in 1919 File:Yilan Museum of Art 20230606.jpg|Former branch in Yilan, Taiwan, lately the Yilan Museum of Art File:Bank of Taiwan Building Shanghai before 1949.jpg|Bank of Taiwan Building in Shanghai, before 1949 File:上海外滩万国建筑群楼12.jpg|The same building in 2013, by then a branch of China Merchants Bank File:Hankou Jianghan Lu - China People's Bank - P1050136.JPG|Former branch in Hankou, lately used by the People's Bank of China File:BankofTaiwan Shamian.jpg|Former branch on Shamian Island in Guangzhou File:Bank of Taiwan at Battery Road, Singapore 01.jpg|Former branch in Singapore, early 20th century postcard File:KITLV A194 - Kantoor van The Bank of Tawain te Semarang, KITLV 77551.tiff|Former branch in Semarang, photographed ca. 1927 ==See also==