Sunny Bank Ltd. (Sunny Bank) is a beacon in Taiwan's financial market, with its philosophy of "sound operation and innovative service", showing outstanding performance in the fields of retail banking, SME finance and cross-border finance. Founded on September 1, 1997, its headquarters is located at No. 156, Section 2, Zhongshan North Road, Zhongshan District, Taipei City, Taiwan. As a listed company on the Taiwan Stock Exchange (stock code: 2895), Yang Xin Bank serves about 500,000 customers, and has become a benchmark for small and medium-sized banks in Taiwan with its local business model and innovation capabilities.
Basic Information of the Bank
Yangxin Bank is a commercial bank, privately owned, established on September 1, 1997, headquartered at No. 156, Section 2, Zhongshan North Road, Zhongshan District, Taipei, Taiwan. Founded by local entrepreneurs, the bank was officially registered as a commercial bank in 1997 and listed as a public company in 2001. The major shareholders are institutional investors and public shareholders, and the holding structure operates in the form of an independent company. Yang Shin 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 SWIFT code for the bank is SUNYTWTP and the Legal Entity Identifier (LEI) is 549300OU1LASVUU4F760. Yang Shin Bank has about 70 branches in Taiwan, with a total of about 2,289 employees in 2023.
Deposit & Loan Products
Deposits
Yangxin Bank provides a variety of deposit products to meet the savings needs of individual and corporate customers:
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: For example, "Yangxin Uni Savings Account" offers an annualized interest rate of up to 1.5%, and you need 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 "Yangxin Bank e-Financial Services" app or online banking, and the deposit products support instant opening and interest rate calculation, and some accounts provide free transaction fee discounts.
Current Deposits: Including checking accounts and savings accounts, such as "Yangxin 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).
Loans
Yangxin Bank provides 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 Yangxin Personal Loan (APR as low as NT$5.99% and maximum amount of NT$1.5 million) and asset-backed overdraft (up to 95% of collateral market value), the application threshold is a monthly salary of NT$30,000 or above 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
Yang Xin Bank's mobile banking app "Yang Xin Bank e-Financial Services" is the core of its digital services, which is available for download on iOS 14.0 and above and Android 9.0 and above devices, with an App Store rating of about 4.5 and a Google Play score of about 4.3, with users praising its quick launch (within 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 "Yangxin Personal Internet 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
Yangxin Bank is actively exploring in the field of financial technology, relying on its information technology department 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
Yangxin Bank is known for its localized services and SME support:
SME support: Provide customized loans and cash management services through Yangxin 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 SMEs in Taipei 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: Through the Yangxin Bank Foundation, we will support education and charity projects, donate NT$2 million for community development in 2023, hold financial literacy lectures, and improve the financial management ability of young people.
Market Position & Accolades
Yang Shin Bank is one of the small and medium-sized commercial banks in Taiwan, with total assets of about NT$400 billion in 2024, 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 reported a 1.17% decrease in net sales revenue, but total assets increased by 5.38%, and the non-performing loan ratio remained below 0.2%, indicating its solid operation. Yangxin Bank's innovation in the areas of digital services and SME support has enabled it to remain competitive in the regional market. Major accolades are not specified in publicly available information, but they may be recognized by the industry for their performance in community service and financial innovation.
Conclusion
With its stable business philosophy and innovative financial services, Yangxin Commercial Bank Co., Ltd. is deeply engaged in Taiwan's financial market and provides customers with comprehensive financial products and services. 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 "Yangxin Bank's e-financial service", 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, Yang Xin Bank continues to demonstrate solid competitiveness and unique influence in Taiwan's financial market.
