Profile of the Company
Mega Financial Holding Company (the Company, formerly known as CTB Financial Holding Company) was formed by merger of Chiao Tung Bank (“CTB”) and International Securities (“IS”) through share swap on February 4, 2002 and has since been listed and traded on the Taiwan Stock Exchange. On August 22, 2002, the Company acquired 100% stake in Chung Hsing Bills Finance and Barits Securities (“BS”) through share swap. On January 31, 2003, the two subsidiaries, IS and BS, were further combined with the sub-subsidiary, Chung Hsing Securities, to become Mega Securities. The integration among the three subsidiaries was undertaken to consolidate the Company's securities businesses and further enhance its competitiveness.
To extend the Company's business domain in financial services, enlarge its economic scale, and improve overall operating performance, the Company acquired 100% stake in the International Commercial Bank of China (“ICBC”) and Chung Kuo Insurance (“CKI”) through share swap and changed the Company's name to Mega Financial Holding Company on December 31, 2002. To complete all the financial product and service offering, the Company upgraded, consolidated and set up Mega International Investment Trust, Mega Asset Management, Mega Life Insurance Agency (merged into bank sub. in the year of 2020) and Mega Venture Capital in between the year of 2003 and 2005.
After the careful assessment by an internationally renowned management consulting company, 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”) on August 21, 2006.
The Company has a total of 7 subsidiaries covering banking, securities, property and casualty insurance, bills financing, securities investment trust, asset management and venture capital business. The bank subsidiary MICB has 108 branches at home and 24 overseas branches, 7 overseas sub-branches and 3 overseas representative offices, plus bank subsidiary in Thailand with 5 branches, bringing the number of overseas outposts to 39 in total. The securities subsidiary MSC has a network of 44 branch offices in Taiwan. The bills finance subsidiary has a total of 9 offices in major cities on the island. The property insurance subsidiary runs 29 branch or representative offices in Taiwan and 1 representative office abroad. The Company’s market capitalization reached NT$565 billion, ranking 3rd among 14 domestic financial holding companies as of the end of 2023.