Taipei Star Bank Co., Ltd. (Shui Xing Bank) is a solid pillar of Northern Taiwan's financial market, with outstanding performance in retail banking, SME finance and community financial services with the concept of "close to the community and stable service". The bank originated from the Taipei Daojiang Credit Union established on October 25, 1917, and was officially renamed Ruixing Commercial Bank on July 2, 2007 after many restructurings such as Taipei First Credit Union (1947), Daojiang Commercial Bank (1965), and Greater Taipei Commercial Bank (1984). Headquartered at No. 133, Section 2, Yanping North Road, Datong District, Taipei, Taiwan, as a listed company on the Taiwan Stock Exchange (stock code: 5863), Ruixing Bank serves more than 500,000 customers, and although it is the smallest of the 38 banks in Taiwan, it has become an indispensable financial force in Northern Taiwan with its business strategy of deep cultivation in Taipei and strong support for small and medium-sized enterprises.
basic information
Ruixing Bank is a commercial bank, a privately owned institution, originated in 1917, headquartered at No. 133, Section 2, Yanping North Road, Datong District, Taipei City. Founded by local entrepreneurs in Taipei, it was publicly listed in 1984 and renamed Ruixing Commercial Bank in 2007 to strengthen its brand positioning. The main shareholders include institutional investors and public shareholders, the holding structure is an independent company model, and the legal representative is Guo Junpu. Shui Hing Bank is strictly supervised by the Financial Supervisory Commission (FSC) of Taiwan and is required to comply with the Banking Act and international financial standards to ensure transparent operations 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 TSIBTWTP and the Legal Entity Identifier (LEI) is 5493003NOCSC6LUWUF03. Ruixing Bank has 21 branches in Taiwan, mainly concentrated in Taipei City, and only has overseas branches in Zhonghe District, New Taipei City and Taoyuan District, Taoyuan City, with about 500 employees.
Deposits &
LoansDeposit
CategoryRuixing Bank provides a variety of deposit products to meet the savings needs of individual and SME customers:
demand depositsIncluding checking accounts and savings accounts, such as "Ruixing Current Account", the minimum account opening amount is NT$1,000, and the base annualized rate of return (APY) is about 0.05%-0.3%, and the specific interest rate can be confirmed through branches or online banking. Current accounts are divided into non-interest-bearing accounts (minimum balance of NT$10,000) and interest-bearing accounts (minimum balance of NT$1,000, need to maintain a daily balance of NT$5,000 or 10,000 to earn interest).
Fixed deposits: 12 currencies such as NEW TD, USD, and RMB are supported, with tenors ranging from 1 month to 5 years, with a minimum amount of NT$5,000. For example, the fixed deposit interest rate in 2025 is 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: "Ruixing Uni Savings Account" offers an annualized interest rate of up to 1.5%, with a balance of more than NT$100,000 and no monthly fee.
Large Certificate of Deposit (CD): Support flexible term, suitable for large amount of money customers, the interest rate needs to be queried through the branch or application, and the penalty interest for early termination is 90 to 180 days interest. Customers can inquire about the "Cloud Interest Rate" offer through the "Ruixing Wealth Management Platform" or online banking, and some accounts provide fee-free transactions.
LoansRuixing
Bank provides a comprehensive range of loan products to meet different financing needs:
housing loans: Fixed and variable rate mortgages for up to 80% of the value of the property for up to 30 years. In 2025, the fixed interest rate will be as low as 1.6% (3-year term), and the floating interest rate will be based on the minimum lending rate (MLR, about 5.5%), providing cash rebates and insurance discounts, and the application threshold is a credit score of 660 or more and an annual income of more than NT$30,000.
Auto Loans: Support financing for new and used cars with a maximum amount of NT$3 million, a maximum term of 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 "Ruixing Personal Loan" (APR as low as 5.99%, maximum amount of NT$1.5 million) and asset-backed overdraft (up to 95% of the market value of the collateral assets), the applicant must have a monthly salary of at least NT$30,000 and good credit.
Flexible repayment options: Support early repayment with no penalty interest, weekly or bi-weekly repayment plan, and revolving credit line. All loans are subject to approval and credit history, proof of income and asset information are required. Ruixing also provides SME loans (e.g. bill discounting, commercial draft acceptance) to support local businesses.
Digital Service ExperienceShui
Xing Bank's mobile banking app "Rui Xing Wealth Management Platform" is its digital service core, which can be downloaded on iOS 14.0 and above and Android 9.0 and above. With an App Store rating of around 4.4 and a Google Play rating of around 4.2, users praise its quick launch (within 2 seconds) and intuitive interface. Key features include:
instant transfer: support inter-bank instant transfer of Taiwan dollars, with a daily limit of up to NT$1 million. International money transfers are available in more than 100 countries and we offer low-rate services in partnership with Western Union.
Bill management: Support online bill payment, automatic deduction and e-statement, and classify transactions in real time.
Integration of investment tools: Inquire about market information such as stocks, funds, and bonds through the "Ruixing Investment Platform", and support investment consulting (the trading function is not fully opened yet).
Online Banking: "Ruixing Personal Internet Banking" supports a variety of browsers, with similar functions to the App, and users can complete online account opening within 5 minutes.
Accessibility: Support dynamic fonts, VoiceOver, suitable for visually impaired or hearing-impaired customers. Some users reported occasional technical issues, but the bank continued to optimize the experience.
technological innovationSolid
Bank actively promotes financial technology:
AI customer service: AI customer service system has been deployed for transaction behavior analysis , identify fraud risks in real time, and plan to launch a virtual assistant in 2025 to enable round-the-clock customer support and personalized financial advice.
Open Banking API: Comply with FSC's open banking specifications, integrate services with third parties, and support account management and financial interoperability. In 2024, it will participate in the third phase of open banking and open 35 services.
Other innovations, such as QR code payments, mobile check deposits, and partnering with Akamai to strengthen DNS protection against DDoS attacks. In 2024, we will invest NT$500 million to upgrade cloud technology and data platforms to improve operational efficiency.
Featured Services and DifferentiationShui
Xing Bank is known for its community positioning and local influence:
SME support: Provide exclusive loans and cash management through the "Ruixing SME Service", participate in the government's SME Financing Guarantee Program, and approve loans in as fast as 10 seconds, with a maximum amount of NT$3 million, focusing on supporting merchants in Taipei.
Leisurely Financial Card: In 2018, the "Leisurely Financial Card" was launched, which combines financial cards and electronic tickets, targeting people under the age of 20 or without credit cards, enhancing the stickiness of young customers.
Green Finance: Provide green loans to support energy-efficient buildings, renewable energy, etc., and participate in local green finance projects in 2023 in response to the United Nations' "Principles for Responsible Banking".
Community Contribution: Donate to education and charity through the Ruixing Bank Cultural Foundation, donate NT$2 million in 2023 to support community development in Taipei, and hold financial literacy lectures.
Loan projects for six core strategic industries: Supporting key industries such as semiconductors, AI, and green energy, the loan balance will increase by 15% in 2024.
market position and accolades
Shui Xing Bank is one of the smallest commercial banks in Taiwan, with total assets of about NT$60 billion in 2024, a difference of 66 times between net assets and banks in Taiwan, ranking last among 38 banks. However, with 21 branches in the Taipei area, serving more than 500,000 customers, it has a solid position in SME and retail finance. In 2023, the balance of deposits increased by 8%, the balance of loans increased by 6%, and the non-performing loan ratio was below 0.1%, with solid financial performance. Ruixing's Youyou financial card has significantly increased the proportion of young customers, accounting for 20% of new account openings in 2023. Major honors include:
2022 "Taipei Best SME Financial Service Award
", 2018 "Taiwan Financial Innovation Award" (Easy-Walk Financial Card).
2023 "Best Community Bank in Taiwan",
SummaryRuixing
Commercial Bank has become an important member of the financial market in North Taiwan by virtue of its century-old heritage, localized services and innovative financial products in Taipei. It provides a wide range of savings and financing products, and the App "Ruixing Wealth Management Platform" has been widely praised and has complete functions. Through AI customer service, open banking APIs, mobile payment and other financial technology upgrades, it has shown a strong willingness to transform. With a combination of support for small and medium-sized enterprises, innovative card products, commitment to green finance and multiple industry awards, Shui Hing Bank is continuing to strengthen its position as a financial leader in Taipei.
Note:
The specific interest rate and product information may be adjusted due to market changes, please consult through the official website of Ruixing Bank or the counter for the latest information.
