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The Bank of Taiwan (BOT) was established on May 20, 1946 as the first government-owned bank following the island’s restoration to the Republic of China in 1945. During much of its operating history, it has been under the administration of the Taiwan Provincial Government. Following the phase out of the Taiwan Provincial Government on Dec. 21, 1998, the Bank was subsequently taken over by the central government of the Republic of China and placed under the administration of the Ministry of Finance, in accordance with the regulations on government-owned financial institutions. BOT has been judicial person under Banking Law since 1985.

The Bank of Taiwan is a bank headquartered in Taiwan, China. The bank has opened branches in South Africa, Shanghai, Los Angeles, Hong Kong, New York, Tokyo , London and Singapore. South Africa Branch was established on the 2rd of April 1992, in Johannesburg, with a full banking licence and a global correspondent banking network. Therefore it is able to provide a diversified and comprehensive service to all its clients whether corporate or individuals. The bank provides services such as – Trade Financing: Exports, Imports, Pre-shipment financing, Post-shipment financing, Short and medium term financing, Overseas remittances, Foreign exchange; Deposits: Call accounts, 32 days notice deposits, 3,6,9 and 12 months fixed deposits, Local remittances; International Banking Transactions: Money market, Foreign exchange transactions, Gilts investment; Loans: Working capital financing, Consumer loans, Capital goods financing, Letters of guarantees.

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