Founded in 1999 by Chairman Kenneth Lo, the Industrial Bank of Taiwan (IBT) has been committed to establishing teamwork and professionalism. In addition to providing comprehensive financial services, the bank is seeking aggressively cooperation or strategic alliance opportunities within and outside the financial industry so as to expand operating scale and pursue sustained growth.

In 2000, IBT initiated its first round of acquisitions: IBT Securities (formerly Sheng Ho Securities), IBTS Investment Consultation, and IBT Asset Management. Meanwhile, IBT established a 100% owned subsidiary, IBT Management Corp.(IBTM), a venture capital management firm. IBTM subsequently raised two venture capital funds. The bank has tentatively completed its preliminary conglomeration. In 2006, the bank started its second round of acquisition: (1) investing in China Bills Finance Corp., (2) establishing IBTS Asia (Hong Kong) Limited, (3) purchasing EverTrust Bank in the U.S. and (4) acquiring Shen Hua Investment Trust. These moves have helped the bank to expand its geographical presence, increase market share and enhance resource integration.

Currently the IBT Group engages in industrial banking, securities, investment consultation, asset management, bills finance, commercial banking, venture capital and subsidiaries in the U.S. and Hong Kong. Looking forward, the Group will continue its acquisition moves and aspire to become a global financial group