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10.2022 Cover Story

Far Eastern International Bank 30 Erli -- sustainable pilot and steady growth

Far Eastern International Bank / Li Peipin
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386C01        On the occasion of celebrating the 30th anniversary of its founding in the second quarter of this year, Far Eastern International Bank received the notice of promotion from the Taiwan Stock Exchange on corporate governance evaluation, and its performance rose to the top 5% of the group of listed companies. It was awarded the "Asia Best Employer Award" by the leading Asian human resources media HRAsia, opening the prelude to the sustainable practice of the next decade.

        In 1992, the government opened up the establishment of a new bank, and Far Eastern Group responded to the call of the times of financial modernization, liberalization and internationalization to establish Far Eastern International Bank. We have survived the Asian financial storm, industrial migration, double card crisis, global financial tsunami, the outbreak of the new crown epidemic and other boom and turbulence events along the way. We have introduced the management thinking of international banks with a bicultural leadership team, grown and thrived in the challenges, and gradually expanded the scale. Our competitiveness has passed the test of the international capital market, It is the first non financial bank in Taiwan that has experience in issuing ECB (overseas unsecured convertible financial bonds) and GDR (overseas depositary receipts) in the international market.

        Focus on niche business layout

        Far Eastern International Bank is good at laying out niche commodities. In its early years, it took the lead in foreign exchange margin trading launched by peers, cooperated with the operation of the global foreign exchange market, and opened 24-hour services throughout the year, which is rare in the industry. In the third decade of its establishment, in the face of rapid changes in the environment such as globalization and scientific and technological development, the overseas market has moved from Hong Kong, Shanghai to Singapore and Vietnam to build a cross-border enterprise financial service platform, make every effort to sprint overseas syndicated loan and cross-border financing, and successfully create new highlight businesses. In 2017, it hosted a joint credit proposal for Huay Vietnam Group Limited, a large Vietnamese restaurant chain group, It was the successful organization of the first international syndicated loan project of Far Eastern International Bank, an enterprise in the ASEAN market. In recent years, the cross-border syndicated loan project hosted by Far Eastern International Bank was awarded the best syndicated loan project award and green financing project award in Taiwan by Asian Banking&Finance, a professional financial media in Singapore. Overseas loans accounted for more than 25% of the total legal loans.

        In order to cater to the wave of digital economy, strengthen the application and innovation of digital channels and digital finance, Far Eastern International Bank initiated the "Bankee Community Bank" in 2018 to connect new entrepreneurs and Far Eastern Group affiliated enterprises, expand the financial flow service scene, and build the digital financial life circle of the Far Eastern Group. The innovative digital business model has not only won the favor of experts at home and abroad, It won several digital financial benchmarking awards and captured the demand of petty bourgeoisie and young people. The balance of deposits rose steadily, breaking the NTD 7 billion mark.

        The first geothermal power plant financed by the project

        Far Eastern International Bank has been selected into ESG index constituent stocks such as Taiwan Sustainability Index, Taiwan High Wage 100 Index, Taiwan Employment 99 Index for a long time. In order to celebrate the 30th anniversary of the Bank's opening, and in response to the vision of the Financial Supervision and Regulation Commission to urge Taiwan to become an ESG model student, it has launched 30 new ESG sustainable actions with various business groups as the core force. The "Establishment of Enterprise Sustainability Committee" and "Signing of TCFD Task Force on Climate related Financial Discoveries (TCFD)" opened the curtain. The legal finance business group, which undertook the financing of the first geothermal power plant in Taiwan, committed to strengthening the financing support plan for new energy and renewable energy (such as geothermal power generation), assisted in driving the local energy transformation with green financial power, and became the accelerator of recycled economy, The signing of the Equator Principles will also be included in the schedule.

        On the other hand, the award-winning personal finance business group has transformed traditional branches into intelligent financing branches and story branches combined with community culture to show the contemporary branch style that technology and humanity complement each other. It has also established bilingual branches, planned the elderly care trust to meet the needs of the elderly society, and has also successively launched a number of green financial products, such as green building mortgage concessions, credit card green energy transport incentives, etc, We continued to increase the proportion of ESG related funds on the shelves, and expanded the public welfare care target to the Mao children's families. The advocacy film "Go to Work with the Dog", which was produced and broadcast on YouTube's "Small Win" channel, led the public to understand the training and duty process of guide dogs. In addition, we allocated 0.3% of the card amount of "Far Eastern Group Lejia+Card" cardholder during the activity to donate to the Taiwan Guide Dog Association, It is used to help establish a living and training space for guide dogs to learn safely, so that more visually impaired compatriots can be served. In addition, the Far Eastern Group Eden Love Card, which has been issued for 26 years, was expanded to hold card raising activities, with a view to rapidly increasing the accumulated donation of Eden that has exceeded NTD 50 million so far.

        386C02        ESG primary school starts

        The digital financial business group, which recently launched the first Yuanuniverse Branch in Taiwan, continued to optimize the complex remote office environment and overcome related problems one by one, with a view to establishing a benchmark for the new normal working mode, and planned to help more micro public welfare organizations with the Bankee digital account, in combination with activities such as doubling the public welfare donations of customers, and at the same time continue to sponsor the professional baseball Weiquanlong team to participate in the Far Eastern International Bank ESG event.

        ESG30 activities also include the launch of "Le Bike 30", which rewards colleagues to ride bicycles to strengthen their physical and mental health; It also plans ESG schools, calls on all staff to learn together, and establishes a solid ESG organizational culture; In addition, 300 ESG themed books were purchased and sent to Penghu Primary School, Penghu Primary School and Green Island Primary School to encourage children to immerse themselves in the world of reading and spend a full summer vacation. In addition, the beach cleaning team to protect the coastal environment has completed its first launch at Fulin Xikou, Kuanyin District, Taoyuan City, followed by the bank wide greenhouse gas inventory certification, self owned shelter installation solar panels and other carbon reduction actions, which will be in full swing.

                Moving towards the next decade, Far Eastern International Bank, guided by the strategy of long-term steady growth and ESG as the weft, expanded its ESG sustainable action, launched from the financial profession, with a view to exerting positive influence and moving towards a broad road of sharing, mutual benefit and co creation.

        particular year

        Event summary of Far Eastern International Bank

        two thousand and twelve

        ● In the first year, it was selected as Taiwan Stock Exchange Corporation "Taiwan Employment 99 Index constant stock"

        two thousand and thirteen

        ● Leading the peers to launch the "FETP Foreign Exchange Margin Internet Trading Platform" to provide online order trading services

        ● Sponsored the first round of the 2013 World Baseball Classic Taichung City, and supported the Chinese team to advance to the top eight in Tokyo

        two thousand and fourteen

        ● Issuing GDR (Overseas Depositary Receipts), the first non financial holding bank in Taiwan with experience in issuing GDR and ECB (overseas unsecured convertible financial bonds) in the international capital market

        ● In the first year, he was selected as a member of the Taiwan Stock Exchange Corporation "High Pay 100 Index"

        two thousand and fifteen

        ● Far Eastern Asset Management Corporation set up Yuanrong International Financial Leasing Company in Shanghai Free Trade Zone to accelerate its layout in the Asian market

        ● Issuance of the first Corporate Social Responsibility Report (renamed as "Sustainable Report" from 2022)

        two thousand and sixteen

        ● Thomas Chou, Executive Vice President, was promoted to President

        ● Launched the "Far Eastern Group Happy Credit Card" with the concept of Far Eastern Group Card

        ● Set up a digital financial business group to welcome the era of mobile digital finance

        ● The cross-border enterprise financial service platform that has been laid out for many years has taken shape. The preparation of cross-border syndicated loan and international syndicated loan has become a new highlight business, and the proportion of overseas business income has increased year by year

        two thousand and seventeen

        ● Sponsored the joint credit extension project of Huay Vietnam Group Limited, a large Vietnamese catering chain group, which was the first international syndicated loan project of the Bank's Dongxie market enterprises

        ● A "Dunnan Financial Branch" was opened on the 13th floor of Ya Tung Department Store in Taipei to provide high-end financial services at the private bank level

        ● Traditional branches have been transformed into intelligent financing branches and story branches combined with community culture, demonstrating the contemporary branch style where technology and humanity complement each other

        ● Combining the retail system resources of Far Eastern Group department stores and domestic and overseas payment tools, launch the "FE cross-border mobile application platform" to create a mobile application life circle

        two thousand and eighteen

        ● Launched a digital sub brand "Bankee Community Bank", grasped digital business opportunities, and won several awards for financial technology innovation

        two thousand and nineteen

        ● Won the "Taiwan's Best Syndicated Loan Host Bank of the Year Award" issued by the international financial professional journal Asian Banking&Finance

        ● Awarded the "TTQS Talent Development Quality Management Assessment Gold Medal" by the Ministry of Labor Development Department of the Executive Yuan

        two thousand and twenty

        ● Opening of Ho Chi Minh City Office in Vietnam

        ● Won "Taiwan's Best Green Financing Award of the Year" by Asian Banking&Finance, an international financial professional journal, with the "Cross border Syndicated Loan Case of All Stable Biotechnology Agricultural Technology Company"

        ● Complete the integration of wealth management, insurance agency, consumer finance, credit card and branch channels, and launch a new "personal finance business group"

        ● Develop We Media, launch the "Xiaoyuan Win" channel on the YouTube video platform, and upload home-made films regularly

        ● In the first year, it was selected as Taiwan Stock Exchange Corporation "Taiwan Sustainable Index constant stock"

        ● Won three awards, including the Taiwan Corporate Sustainability Award "Enterprise Sustainability Report - Silver Award" and the "Innovation and Growth Award" and "Information Security Award" for outstanding enterprise cases

        two thousand and twenty-one

        ● Establish bilingual demonstration branches and successively open bilingual branches

        ● Opening of Singapore office

        ● Sign to support TCFD Task Force on Climate related Financial Disclosures (TCFD)

        ● Undertake the financing of the first geothermal power plant in Taiwan "Yilan Qingshui geothermal power BOT and ROT project"

        ● Launched the "Far Eastern Group Lejia+" credit card

        ● Develop Fintech, layout core key patents, and obtain 31 financial innovation patents in total

        ● Bankee Community Bank has won the "Best Digital Bank" awarded by the international financial journal Asiamoney and the "The Most Innovative Digital Bank" awarded by The Global Economics, totaling 14 awards

        ● Participated in the evaluation of the Asian Bank of The Assets, a Hong Kong professional financial journal, and won the "Best Sustainable Capital Award in Taiwan"

        ● Won the "National Talent Development Award" issued by the Ministry of Labor, the Executive Yuan, and the "Best Enterprise Employer in Asia Award" issued by HR Asia magazine, Hong Kong

        ● Won the Taiwan Corporate Sustainability Award "Enterprise Sustainability Report - Gold Award"

        two thousand and twenty-two

        ● Participated in the eighth corporate governance evaluation of Taiwan Stock Exchange Corporation and ranked among the top 5% of listed companies

        ● The Financial Regulatory Commission assessed the principle of fair hospitality for financial institutions and ranked among the top 25%

        ● The evaluation of the first phase of the promotion trust 2.0 plan of the Financial Management and Supervision Commission was ranked first in Group B of the Hospice Trust Award

        ● Bankee Community Bank launched the first Yuanuniverse Branch in Taiwan

                #

        
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