Taiwan $13.8 Billion SinoPac Financial Holdings Approves Merger for 2 Subsidiaries Bank SinoPac & King’s Town Bank to Create 5th Largest Privately-Owned Bank in Taiwan with $100 Billion (TWD $3.2 Trillion) Assets, SinoPac Financial Holdings was Setup in 2002 by Taiwan Billionaire Ho Family (Yuen Foong Yu Group)
31st March 2026 | Hong Kong
Taiwan SinoPac Financial Holdings ($13.8 billion market value) has approved the merger for 2 subsidiaries Bank SinoPac & King’s Town Bank to create the 5th largest privately-owned bank in Taiwan with $100 billion (TWD $3.2 trillion) assets. SinoPac Financial Holdings was setup in 2002 by Taiwan Billionaire Ho Family (Yuen Foong Yu Group). SinoPac Financial Holdings – SinoPac Financial Holdings Company Limited (SinoPac Holdings) was established on May 9th, 2002 (Stock Code: 2890), consisting of subsidiaries in a wide range of financial services including banking, securities, investment trusts, leasing, and venture capital. The Company includes a global service network with locations in Hong Kong, Macao, Nanjing, Shanghai, Guangzhou, Chongqing, Chengdu, Dongguan, Kunshan, Xiamen, Yinchuan, Vietnam, Cambodia, Thailand, Myanmar, and Los Angeles. SinoPac Holdings was established when Bank SinoPac and National Securities merged, creating the first successful integration between a banking institution and a securities firm in the history of Taiwan’s financial services industry. At its shareholders’ meeting held on August 26, 2005, Sinopac Holdings approved a share swap transaction with the International Bank of Taipei to make the latter a wholly owned subsidiary, a move meant to strengthen the Company’s international competitiveness and expand its business scope. On July 20, 2006, SinoPac Holdings changed its Chinese name to Yong Fong Holdings. Bank SinoPac and International Bank of Taipei completed its merger that same year, with the former as the surviving entity. Bank SinoPac consists of 125 branches, plus its subsidiary, Bank SinoPac (China), in Nanjing which was inaugurated in February 2014, the first wholly-owned subsidiary of a Taiwanese bank in mainland China. In January, 2025, Bank SinoPac acquired 80% equity of a Cambodian Microfinance Deposit-Taking Institutions Amret Plc. (Amret), actively expanding its overseas presence and enhancing its sustainable financial impact. King’s Town Bank was established in 1948, originally known as the Tainan Small and Medium Enterprise Bank. With a long-standing presence in Southern Taiwan, the bank offers professional and customer-oriented financial services across a diverse range of businesses, encompassing deposits and loans, foreign exchange, trusts, and wealth management. In October 2025, King’s Town Bank officially became a wholly owned subsidiary of SinoPac Holdings. By leveraging the combined resources and regional advantages of both parties, the Bank aimed to deliver an even more comprehensive and convenient customer service experience. Currently, King’s Town Bank operates 66 branches across Taiwan, of which 43 are located in Yunlin, Chiayi, and Tainan. With the most extensive branch network in the Yunlin-Chiayi-Tainan region among all domestic banks, King’s Town Bank demonstrates strong local service capabilities and close connections with the community. SinoPac Securities is the first securities firm listing its shares on the over-the-counter market. In September 2016, SinoPac Securities accepted the transfer of IBT Securities’ brokerage business, business equipment, and the net assets of its margin trading and short selling accounts, providing a catalyst to improve SinoPac Securities’ brokerage market share and profitability for the benefit of its shareholders. Looking towards the future, SinoPac Holdings shall continue to reinvent and innovate the business, strengthen compliance and risk management, and under strict risk controls fulfill customer requirements and develop appropriate products per market demand, expand the scale of our “digital finance” offerings, provide specialty products and services, and respond to changing economic trends and optimize asset allocation to create sustainable and stable profitability. SinoPac Holdings upholds the vision of “Together, a better life.” and places great emphasis on connecting financial services and daily life, empowering everyone to move with times and fulfill happiness.
“ Taiwan $13.8 Billion SinoPac Financial Holdings Approves Merger for 2 Subsidiaries Bank SinoPac & King’s Town Bank to Create 5th Largest Privately-Owned Bank in Taiwan with $100 Billion (TWD $3.2 Trillion) Assets, SinoPac Financial Holdings was Setup in 2002 by Taiwan Billionaire Ho Family (Yuen Foong Yu Group) “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Taiwan $13.8 Billion SinoPac Financial Holdings Approves Merger for 2 Subsidiaries Bank SinoPac & King’s Town Bank to Create 5th Largest Privately-Owned Bank in Taiwan with $100 Billion (TWD $3.2 Trillion) Assets, SinoPac Financial Holdings was Setup in 2002 by Taiwan Billionaire Ho Family (Yuen Foong Yu Group)
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
