Bank Sino Pac

Corporate

In 1989 the Banking Law in Taiwan was revised to make way for private banking and one of the first private banks to take advantage of this new development was Banc SinoPac. The primary founders of the bank included Central Investment Company, Ruentex Industries, Southeast Soda Manufacturing Company, Formosa Oilseed Manufacturing Company, and entrepreneurs like Mr. Paul Lo. Today Banc SinoPac has grown to become one of the largest banks of Taiwan.

Activities

Banc SinoPac's main activities can be broadly classified into:

Corporate banking:

• Financing and credit insurance, which includes factoring, easy cashing, and credit
• Online financial services including MMAb2b.com
• Account management fund appropriation including e-collection, e-payment:cheque- writer, and Pay-web
• Supply chain management including online vendors program

Personal Banking:

MMA (Money Management Account)

Revolving mortgage

Mutual fund

Prestige banking

Intercontinental financial service

Discretionary portfolio management

International banking:

Corporate

Includes Triangular Trade Service

Offshore Banking Unit

Personal-Overseas remittance

Multi-currency deposit

Mainland China remittance

Performance

Banc SinoPac is a Fortune 500 company employing over 2,170 people.

In fiscal 2006 Banc SinoPac recorded revenues of USD 22,311,179 which was 1.32 % less than what it was in the previous fiscal.
The total value of the assets held by Banc SinoPac in fiscal 2006 was USD 1,048,080,691 which was 2.5 % more than what it was in the fiscal before. Banc SinoPac's net income in fiscal 2006 was USD 2,509,004 which was 82 % less than what it was in the fiscal before.

Organization:

Banc SinoPac is headed by Mr. Paul C. Lo who is the Chairman of the company

Banc SinoPac's head office is located at:
No. 36, Sec. 3, Nanking E. Rd.,
Chungshan District,
Taipei City 104,
Taiwan (R.O.C)
Tel: 886-2-2508-2288
Fax: 886-2-2508-3456
www.bancsinopac.com