As the 20th century approached its end, the government in Taiwan started to approve the establishment of industrial banks, turning a new leaf for Taiwan's domestic financial system.

To promote national economic development and support strategic industries, Mr. Kenneth Lo founded in July 12, 1999 the first newly established industrial bank in Taiwan - Industrial Bank of Taiwan (IBT).

The bank has adopted core values 'honor, integrity, teamwork, innovation, professionalism and meritocracy' in pursuing sustainable operation and excellent growth. Major businesses include medium- and long-term loans, direct investment, project finance, financial consultation, treasury, asset securitization, trust and foreign exchange. It has also gradually entered into corporate finance, asset management, M&A and restructuring. The bank helps clients to obtain optimal funding mix for business expansion, operational upgrades and going international.

To provide professional quality services, the bank employs high quality staff. Under the leadership of Chairman Kenneth Lo and President Tony Yang, the bank emphasizes on 'professionalism, technology and innovation' in providing full-range financial services and conducting strategic alliances. The bank's head office is located in Taipei. To be closer to our clients and serve them better, the bank set up two branches in Hsinchu and Kaohsiung and three service units in Taoyun, Taichung and Tainan. The bank will continue to watch the development of industrial clusters to establish new service locations and provide more diversified financial services to the industries.

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