Approved foreign exchange business in August 2012
PRESS RELEASE Release Date: September 12 , 2012
Approved foreign exchange business in August 2012
In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:
1. Taishin International Bank to conduct “VISA Money Transfer” through internet banking and ATMs.
2. Chinatrust Commercial Bank to commence internet banking business involving FCY deposits.
3. 30 branches of 9 banking enterprises to operate foreign exchange business. As of the end of August 2012, there were 3,200 authorized foreign exchange banks, including 3,149 domestic banks, 2 Mainland banks and 49 foreign banks.