Company Profile

January 5, 1977; Business starting date: January 15, 1977

• December 5, 1975

  Complying with government’s policy for economic development, the International Commercial Bank of China assigned Zi-Lin Chen as overseas auditor to organize bills finance company based on “Company Law” and the Enforcement Rules of “the Short-Term Stocks Exchange Dealers” by the Financial Ministry.

• January 13, 1976

  CEOs from three main banks- the International Commercial Bank of China, Taipei Bank, and Taiwan Cooperative Bank- joined the first Initiators’ Meeting and named the company “International Bills Finance Corporation”. The first meeting of 1st Board of Directors was held on December 8, and Mr. Chang-Chi Ying was elected as Chairman(IBFC), Mr. Zi-Lin Chen President.

• November 26, 1998

  Fitch Ratings released the results of the Company’s credit rating with investment grade of BBB on long-term credit rating.

• March 30, 2000

  From the resolution of general shareholder’ meeting, NT$1.25253 billion was appropriated for recapitalization, and the paid-up capital amounted to NT$18.09 billion after the capital increase.

• June 20, 2001

  From the resolution of general shareholders’ meeting, the Company established Waterland Financial Holding Company through a share swap.

• January 31, 2002

  Extraordinary shareholders’ meeting adopted that the Company with Concord Securities and Big East Securities established “Waterland Financial Holding Co., Ltd” through a share swap.

• March 26, 2002

  Waterland Financial Holdings Co., Ltd. listed on the stock market, and our Company’s stock desisted at the same time.

• August 24, 2011

  Waterland Financial Holding Company, the director of the Company appointed directors and supervisors of 13 Term, and all directors attended the 1 meeting of 13 Term on August 28. Director Chi-Lin Wei was unanimously elected as the Chairman.

• January 2012

  Waterland Financial Holding Company submitted an application for engaging in joint marketing and serving as an agent for sale and redemption of domestic funds. This application was accepted by the Financial Supervisory Commission for future reference on February 15, 2012.

• September 13, 2013

  The Company has been approved by the Central Bank to conduct proprietary trading in foreign currency bonds.

• May 21, 2013

  The Board of Directors approved the appointment of Norman Tsai as President, effective on November 14, 2013.

• July 21 & August 26 , 2014

  The Company’s director, Waterland Financial Holding Company, assigned the directors and supervisors of the 14th term board meeting. The first extraordinary meeting of the Company’s 14 Board of Directors was held On August 28, the 14th term board meets for the first time an director Chi-Lin Wean was elected Chairman.

• July 20, 2017

  The Company’s director, Waterland Financial Holding Company, sent an official letter to the Company, designating directors and supervisor representatives and independent directors. On 28th of August, the 1st boards of directors meeting of the company, all directors were present with unanimous agreement from all directors for Director Wei to be the newly appointed chair.

• August 28, 2020

  The directors of the company, IBF Financial Holdings Co., Ltd., appointed directors and supervisors of the 16th Term. On August 31, all directors attended the 1st meeting of the 16th Term and unanimously elected director Chi-Lin Wei as the chairman.

• January 4, 2021

  The company's Taipei head office moved to floors 8-10, No. 128, Lequn 3rd Road, Zhongshan District, Taipei City to continue operations.