Shanghai Commercial & Savings Bank (上海商業儲蓄銀行)

The Republic of China's Shanghai Commercial and Savings Bank has its current headquarters in Taipei, Taiwan. Chen Guangfu (K. P. Chen), in Shanghai, mainland China, founded it in 1915. Chin Chuang was chosen as the first chairman, while Chen was elected as the first president. One of the most prosperous Chinese bankers of the 20th century, Chen Guangfu, a graduate of the Wharton School of Finance, founded the bank in Shanghai in 1915.

The bank finished establishing its head office in Shanghai in 1931. At the time, it was China's most cutting-edge banking structure. With a starting capital of less than 100,000 silver dollars and a staff of four, the bank opened for operation. With more than 2,700 staff members and over 110 branches, the bank had risen to become the largest private bank in the country by 1934.

Shanghai Commercial and Savings Bank's market cap was $7.41 billion as of March 2023. According to market capitalization, Shanghai Commercial and Savings Bank is now the 1796th most valuable corporation in the world. The most recent financial reports from Shanghai Commercial and Savings Bank show that the company's current revenue (TTM) is $1.46 billion. The company generated $1.35 billion in revenue in 2021, up from $1.29 billion in revenue in 2020.

Founded: June 2, 1915
Headquarters: Taipei City, Taipei, Taiwan
Website: https://www.scsb.com