Shanghai Commercial & Savings Bank, Ltd. (SCSB) was established in Shanghai in 1915 with the aspiration “to serve society, to support industry, and to promote international trade.” It is the premier choice for small- and medium-sized enterprises and is recognized for its efficient trade financing and remittance services.
Together with its subsidiary Shanghai Commercial Bank Ltd. (SCB) in Hong Kong, SCSB in total manages consolidated assets of US$48.7 billion and capital of US$1.2 billion, and has shareholder's equity of US$4.59 billion, as of the end of 2014. As of 2014, it also manages over US$5 billion of private wealth and has achieved annual foreign exchange transactions volume of over US$320 billion.
We employ over 4,000 staff members and operate 124 branches worldwide. In Taiwan alone, we operate 69 branches and employ over 2400 staff, with another 2 branches in Hong Kong and Vietnam, and 2 representative offices in Cambodia and Thailand. Through SCB, we operate 44 branches in Hong Kong and 7 branches overseas (Shanghai, Shenzhen, Shanghai Pilot Free Trade Zone, London, New York, San Francisco, and Los Angeles).
SCSB and SCB partner closely with Bank of Shanghai in Mainland China to form what is known as the Three Shanghai Bank Alliance, with SCSB controlling ownership of SCB and SCB as a major shareholder in BOS. The Three Shanghai Banks have a strong cooperative relationship, strategically allying ourselves to provide the best cross-strait banking services in the Greater China area. Together, the Three Shanghai Banks manage over US$260 billion in total assets. We have achieved a volume of over US$460 billion in trade finance and remittance transactions. We employ over 14,000 staff members in 436 locations world-wide, with 300 in Mainland China across 12 cities. Our alliance extends to shared credit card benefits and identical uniforms, to provide a seamless business experience between all three banks. No matter where customers are located in the Greater China region, they can enjoy the same quality service from the“Three Shanghai Banks, all caring for you.”
SCSB is the only Taiwanese bank with a full Greater China network, and in 2002, it was the first bank in Taiwan to receive approval from the government to conduct direct remittances with financial institutions in China. The Bank handles the largest volume of remittances from Taiwan to China and, with its Shanghai Bank allies, is reputed to offer the “fastest possible remittance between Taiwan and China.”
SCSB's mission is to be “one of the best Chinese-operated Banks in Asia Pacific,” by innovating and developing world-class financial services and committing itself to the highest standards of professionalism and management practices, and by placing customer needs first.