Bank of Panhsin

Bank of Panhsin Co., Ltd. (Panhsin Bank) is a beacon in Taiwan's financial market, with its philosophy of "integrity, pragmatism, and innovation" in the fields of retail banking, SME finance, and community financial services. Banqiao Credit Cooperative, which was established on April 25, 1957, was officially restructured into a commercial bank on September 29, 1997 through the acquisition of Kaohsiung No. 5 Credit Cooperative, and was headquartered in the Banxin Twin Towers Building, No. 68, Section 2, Xianmin Avenue, Banqiao District, New Taipei City, Taiwan. As a listed company on the Taiwan Stock Exchange (stock code: 5862), Panshin Bank serves about 500,000 customers, and has become a model for small and medium-sized banks in Taiwan with its local business model and innovation capabilities.

Basic Information

of the Bank Panxin Bank is a commercial bank, privately owned, established on April 25, 1957, headquartered at No. 68, Section 2, Xianmin Avenue, Banqiao District, New Taipei City, Taiwan. Founded by local entrepreneurs, the bank was restructured into a commercial bank in 1997, and on March 7, 2005, it acquired Chiayi No. 1 Credit Cooperative to further expand its business scope. The major shareholders include institutional investors and public shareholders, and the holding structure operates in the form of an independent company, and the chairman is Liu Binghui. Panshin Bank is strictly regulated by the Financial Supervisory Commission (FSC) of Taiwan and is required to comply with the Banking Act and international financial standards to ensure operational transparency and the safety of customer funds. Its deposits are protected by Taiwan's deposit insurance system, with a maximum coverage of NT$3 million per depositor. The Bank's SWIFT code is BBBKTWTP and the Legal Entity Identifier (LEI) is 5493003NOCSC6LUWUF03. Panxin Bank has about 70 branches in Taiwan, mainly located in New Taipei City, Taipei City, Chiayi and other places, with a total of about 1,393 employees in 2023.

Deposit & Loan Products

Deposits

Panxin Bank offers a wide range of deposit products to meet the savings needs of individual and corporate customers:

Current Deposits: Including checking accounts and savings accounts, such as "Banxin Current Account", the minimum account opening amount is NT$1,000, and the basic annualized rate of return (APY) is about 0.05%-0.3%, and the latest interest rate needs to be confirmed through branch or online banking. Demand deposits are divided into interest-free accounts (minimum balance of NT$10,000, suitable for individuals and businesses) and interest-bearing accounts (minimum balance of NT$1,000, maintaining a daily balance of NT$5,000 or NT$10,000 to earn interest).

• Fixed deposits: 12 currencies such as NEW TAIWAN DOLLAR, USD and RMB are supported, with deposit terms ranging from 1 month to 5 years, and the minimum deposit amount is NT$5,000. In 2025, the fixed deposit interest rate will vary according to the maturity, such as about 1.225% for 1 month, 1.5% for 3 months, 1.8% for 6 months, 2.0% for 1 year, and 2.5% for 2 years (based on the average interest rate of the five major banks in Taiwan).

• Featured Products:

  • High-yield savings account: such as "Banxin Uni Savings Account", which offers an annualized interest rate of up to 1.5%, and needs to maintain a balance of more than NT$100,000 with no monthly fee.

  • Large Certificates of Deposit (CD): Support flexible tenor, suitable for large amount of money customers, the interest rate needs to be queried through the branch or app, and the early withdrawal penalty is 90 to 180 days of interest.
    Customers can inquire about the "Cloud Interest Rate" offer through the "Panxin Bank e-Financial Services" app or online banking, deposit products can be opened and calculated instantly, and some accounts can be free of transaction fees.

Loans

Panxin Bank offers a comprehensive range of loan products to meet diversified financing needs:

• Mortgages: Fixed- and variable-rate mortgages are available for up to 80% of the value of the property and are repaid over a period of up to 30 years. In 2025, the fixed interest rate will be as low as 1.6% (3-year), the floating interest rate will be based on the minimum lending rate (MLR, about 5.5%), and cash rebates and insurance discounts will be provided, and the application will require a credit score of 660 or more and an annual income of more than NT$30,000.

• Car Loans: Support financing for new and used cars, with a loan amount of up to NT$3 million, a term of up to 72 months, an annualized interest rate (APR) as low as 1.88%, and a credit score of 660 or above.

• Personal Line of Credit: Including Banxin Personal Loan (APR as low as 5.99%, amount up to NT$1.5 million) and asset-backed overdraft (up to 95% of collateral market value), the application threshold is a monthly salary of more than NT$30,000 and a good credit history.

• Flexible repayment options: Mortgages and personal loans offer no penalty for early repayment, weekly or bi-weekly payment plans, and a revolving line of credit for flexible debt management.
  All loans are subject to bank approval, and customers are required to provide credit history, proof of income and asset information, subject to the terms of the loan agreement. The bank's SME lending services, such as letters of credit and trade loans, provide additional support to local businesses.

Digital Service Experience

core of its digital services is Panshin's mobile banking app, "Panshin Bank's e-Financial Services", which is available for download on iOS 14.0 and above and Android 9.0 and above, with an App Store rating of about 4.5 and a Google Play rating of about 4.3, with users praising its quick launch (in less than 2 seconds) and intuitive interface. Core features include:

• Face recognition: Supports biometric authentication (such as Face ID and Touch ID), combined with strong encryption technology to ensure transaction security.

• Real-time transfer: Support real-time transfer of NTD through the Taiwan interbank transfer system, with a daily limit of up to NT$1 million, international remittance covering more than 100 countries, and cooperate with Western Union to provide low-rate transfers.

• Bill management: Support online bill payment, automatic deduction and e-statement, and classify transaction records in real time.

• Investment Tool Integration: Support stocks, funds, bonds, and derivatives inquiries through the investment platform, providing real-time market data and investment advisory services.
  The online banking platform "Panxin Personal Online Banking" supports a variety of browsers and provides similar functions, and customers can complete the account opening within 5 minutes through the application or official website. The app supports accessibility features such as dynamic font adjustment and VoiceOver compatibility for visually impaired and hearing-impaired customers. In 2023, 50% of customers complete transactions through digital platforms, significantly improving the user experience.

Technological innovation

Panxin Bank is actively exploring in the field of financial technology, relying on the core banking system of TCS BαNCS to promote digital transformation:

AI customer service: Introduce an AI-driven customer service system to analyze transaction behavior, detect fraud risks in real time, automate 80% of customer inquiries by 2023, and plan to launch a virtual assistant in 2025 to support 24/7 inquiries and personalized financial advice.

• Open Banking API Support: Following the Open Banking Framework of the Financial Supervisory Commission of Taiwan, participating in the third phase of Open Banking, integrating with third-party service providers to provide account management and financial services interoperability, and supporting 35 deposit, credit card, and loan service APIs.

• Mobile payment platform: Support QR code payment, mobile check deposit, and cooperate with Apple Pay and Google Pay to improve the payment experience.

• Other innovations: partnering with security service providers to protect DNS infrastructure from DDoS attacks; In 2024, it will invest NT$500 million to upgrade cloud technology and data analysis platforms to improve operational efficiency.

Featured Services & Differentiation

Panxin Bank is known for its localized services and SME support:

SME support: Provide customized loans and cash management services through Panxin SME Services, participate in the SME Financing Guarantee Program of the Taiwan Financial Regulatory Commission, with loan approval in as fast as 10 seconds and an amount of up to NT$3 million, focusing on supporting small and medium-sized enterprises in New Taipei City and surrounding areas.

• Cross-border finance: Provide international trade finance and foreign exchange services to support the expansion of Taiwanese companies in the Asian market, and the cross-border transaction volume will increase by 10% in 2023.

• Community Finance: Provide financial services close to the community through local branches to enhance customer stickiness.

• Community Contribution: Supporting education and charity projects through the Panshin Bank Foundation, we will donate NT$2 million for community development in 2023, hold financial literacy lectures, and improve the financial literacy ability of young people.

Market Position & Accolades

Panxin Bank is one of Taiwan's small and medium-sized commercial banks, with total assets growing by 5.4% and net sales revenue increasing by 0.5% in 2023, ranking in the middle of the 38 banks in Taiwan. With about 70 branches serving about 500,000 customers, the bank has a strong position in SME finance and community services. In 2023, the bank's non-performing loan ratio remained below 0.2%, indicating that it is operating soundly. Panshin's innovation in the areas of digital services and SME support has enabled it to remain competitive in the regional market. While the specific accolades are not specified in public information, they may be recognized by the industry for their performance in community service and financial innovation.

Conclusion

With its deep historical heritage, localized services and innovative financial products in New Taipei City, Panxin Commercial Bank Co., Ltd. has become a solid pillar of Taiwan's financial market. It offers a wide range of deposit and loan products to meet customer needs through local branches and digital platforms. The digital service is based on the application of "Panxin Bank's e-financial services", which provides efficient real-time transfer and investment management functions. Technological innovations, including AI customer service, open banking APIs, and mobile payment platforms, demonstrate its forward-looking digital transformation. With its SME support, cross-border financial services and community contributions, Panshin Bank continues to demonstrate solid competitiveness and unique influence in Taiwan's financial market.

Note:

• specific interest rates and product details may vary depending on market changes, please contact the bank directly through the official website of Panshin Bank for the latest information.

• The above information is based on 2025 data, ensuring that it is current and accurate.