Mega Financial Holding Company history, profile and corporate video
Mega Financial Holding Company (formerly known as CTB Financial Holding Company) is a financial services holding company headquartered in Taipei, Taiwan.
The company was formed by the merger of Chiao Tung Bank (CTB) and International Securities (IS) on February 4, 2002. Since then, it has been listed and traded on the Taiwan Stock Exchange.
On August 22, 2002, it acquired Chung Hsing Bills Finance and Barits Securities (BS).
On December 31, 2002, the company acquired the International Commercial Bank of China (ICBC) and Chung Kuo Insurance (CKI) and changed the Company’s name to Mega Financial Holding Company.
On January 31, 2003, International Securities (IS) and Barits Securities (BS) were combined with Chung Hsing Securities to become Mega Securities.
Between 2003 and 2005, the company set up Mega International Investment Trust, Mega Asset Management, Mega Life Insurance Agency (merged into bank sub. in 2020), and Mega Venture Capital.
On August 21, 2006, the company decided to merge its two banking units, the International Commercial Bank of China (ICBC) and Chiao Tung Bank (CTB), and re-branded as Mega International Commercial Bank Co., Ltd. (MICB)
Through its subsidiaries, Mega Financial Holding Company covers banking, securities, property and casualty insurance, bills financing, securities investment trust, asset management and venture capital business.
Subsidiaries
- Mega Securities Co., Ltd.
- Mega Bills Finance Co., Ltd.
- Mega International Commercial Bank
- Chung Kuo Insurance Company
- Mega Asset Management Company
- Mega Venture Capital Company
- Mega Life Insurance Agency Company
- Mega International Investment Trust Co., Ltd.
With more than 9,000 employees, Mega Financial Holding Company is considered one of the Top 2000 Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and www.megaholdings.com.tw/en.
**Video published on YouTube by “Economy Trivia“.