What King's Town Bank does

King's Town Bank is a Taiwan-based commercial bank founded in 1948 and headquartered in Tainan, operating 66 branches across the country with 43 concentrated in the Yunlin-Chiayi-Tainan region of southern Taiwan. The bank provides comprehensive personal and corporate banking services including deposits, mortgages, SME and enterprise loans, trade finance, foreign exchange, insurance distribution, and wealth management, with a VIP tier for customers holding NT$3 million or more in deposits. Its customer base spans retail individuals, SMEs, high-net-worth wealth management clients, and remittance customers.

The bank's digital banking platform includes a mobile banking app, personal and corporate internet banking, the goyee digital deposit account (online account opening without branch visit), TaiwanPay QR code payment integration, and a mobile phone number interbank transfer service interoperable with 35+ Taiwan financial institutions. Its distinctive cross-border remittance platform 京匯通 (King's Global Pass) combines 京速PAY (Western Union-powered, reaching 200+ countries) and Q-Send (Mastercard-powered, reaching 19 countries). Revenue is generated primarily through net interest income from the lending book, supplemented by transaction-based fees from funds, FX, remittance, cards, and insurance distribution, with regulated pricing across the standard fee schedule.

Since October 1, 2025, King's Town Bank has been a wholly-owned subsidiary of SinoPac Financial Holdings (永豐金金融控股). The bank's board and SinoPac Bank's board approved a merger on March 27, 2026, with FSC approval granted on July 7, 2026, and an effective date of January 1, 2027, after which Bank SinoPac will be the surviving entity and King's Town Bank will be dissolved, creating Taiwan's second-largest banking network with 189 branches and approximately $100 billion in combined assets. Deal consideration totals NT$44.76 billion, comprising 1.865 billion new Bank SinoPac shares at NT$24 per share plus cash.

Name

King's Town Bank

Legal name

京城商業銀行股份有限公司 (King's Town Bank Co., Ltd.)

Website

https://customer.ktb.com.tw

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

501–1,000 employees

Short description

King's Town Bank is a Taiwan-based commercial bank founded in 1948, operating 66 branches concentrated in southern Taiwan and serving retail, SME, and HNW customers with deposits, loans, wealth management, and cross-border remittance. It is now a wholly-owned subsidiary of SinoPac Financial Holdings, pending merger into Bank SinoPac effective January 1, 2027.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Digital Retail Banking (Online & Mobile) (FSABAAAF), Affluent/Premier Retail Banking (Mass Affluent) (FSABAAAG)

Keywords

• Retail banking services
• Commercial banking
• Wealth management
• Cross-border remittance
• Digital banking

Headquarters

HQ city

Tainan

HQ country

Taiwan

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from lending activities including mortgage loans, enterprise loans, and personal loans, offset by interest paid on deposits. Primary revenue driver for the bank.
2. Fee-based Income: Fees from fund management (wealth management), foreign exchange services, remittance services (Western Union/京匯通), credit card services, insurance distribution, and account services.
3. Loan Processing Fees: Fees from loan origination including opening fees, credit investigation fees, early repayment penalties, and contract modification fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

King's Town Bank is a Taiwan-based commercial bank providing retail and corporate banking services including deposits, personal and mortgage loans, foreign exchange, wealth management, insurance distribution, trade finance, and trust services. The bank operates 66 branches across Taiwan, with strong concentration in the Yunlin-Chiayi-Tainan southern region, and supplements branch-based banking with a digital platform offering the goyee online account and the 京匯通 cross-border remittance platform. Its revenue is driven by net interest income from lending activities and fee-based services from wealth management, remittances, and credit cards.

Differentiator

Problem solved

Functional benefit

Brands

• goyee: Digital deposit account service offering online account opening
• 京速PAY (King's Pay)
• Q-Send
• 京匯通 (King's Global Pass)

Products and services

• Personal Banking Services (Deposits, Savings, Foreign Currency) Retail banking services for individual customers including TWD and foreign currency deposits, savings accounts, remittance, and payment services. Available through 66 branches across Taiwan and digital channels.
• goyee Digital Deposit Account Digital deposit account that can be opened online without visiting a branch, targeting digital-native customers who prefer self-service onboarding.
• 京匯通 (King's Global Pass) Cross-Border Remittance Platform Digital foreign exchange remittance service platform offering two channels: 京速PAY (Western Union partnership) for global 200+ countries cash pickup/remittance and Q-Send (Mastercard) for bank account/e-wallet transfers to 19 countries. Supports online account opening and digital remittance execution.
• Corporate and SME Banking Services Business banking services including enterprise loans (general working capital loans, bill financing, domestic receivables financing, SME guarantee loans), trade services (import/export, foreign currency loans, foreign currency guarantees), and ACH direct debit/credit services for corporate clients.
• VIP Wealth Management Services Personalized wealth management and financial planning services for customers with NT$3 million or more in total deposits. Benefits include 50 cross-bank ATM withdrawals free per month, preferential fees on other services, fund investment advisory, and exclusive banking privileges.
• Personal and Mortgage Loans Personal lending products including preferential loan programs, mortgage loans, debt restructuring services, and loan calculators for individual borrowers.
• Insurance Product Distribution Distribution of insurance products as part of wealth management and personal financial services portfolio for retail customers.
• 手機門號跨行轉帳 (Mobile Phone Number Interbank Transfer) Phone number-based interbank transfer service allowing users to bind mobile numbers to bank accounts for simplified P2P transfers across 35+ Taiwan financial institutions.
• 台灣Pay QR Code Payment Services QR code scanning payment integration for merchant collection and consumer transactions using the TaiwanPay national QR code payment standard, allowing merchants to accept payments without additional hardware.
• Trust Services Trust products including trust product overview, trust inquiry, dispute resolution procedures, financial statements, and practitioner registration lookup for customers seeking trust-based asset management.

Quantifiable outcome

• Seventh consecutive year in top 5% of corporate governance evaluation
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Western UnioncoreTechnology or IntegrationPartnership providing international remittance services through 200+ countries and territories. King's Town Bank is the only bank in Taiwan offering Western Union services via mobile banking app.
• Sundiandz Energy (三地能源)minorStrategic or Co-development PartnerSigned green electricity contract with Sundiandz Energy subsidiary Sundiandz Monster Power for renewable energy procurement.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Hua Nan Bank (華南商業銀行): Hua Nan Financial Holding's commercial bank subsidiary offers retail, corporate, and foreign exchange services across Taiwan. Comparable SME and trade banking capabilities, with stronger international presence.
• Chang Hwa Bank (彰化商業銀行): Chang Hwa Bank is one of Taiwan's oldest commercial banks with strong central and southern Taiwan presence, including SME and retail banking. Directly comparable to King's Town Bank's regional banking model and customer base.
• Taiwan Cooperative Bank (合作金庫商業銀行): Taiwan Cooperative Financial Holding operates a large commercial bank with strong SME and agricultural lending focus. Comparable to King's Town Bank in SME banking, with deeper institutional relationships and government-linked background.
• CTBC Bank (中國信託商業銀行): CTBC Financial Holding operates one of Taiwan's largest commercial bank franchises with extensive retail, wealth management, and corporate banking services. Comparable product breadth but materially larger scale than King's Town Bank.
• Taishin Bank (台新銀行): Taishin Financial Holding operates a major Taiwan commercial bank with strong consumer finance, credit card, and digital banking offerings. Comparable retail banking focus, particularly in consumer credit and digital channels.
• E.SUN Bank (玉山銀行): E.SUN Financial Holding is one of Taiwan's leading commercial banks with strong retail, digital, and SME banking operations. Comparable to King's Town Bank in product mix but with significantly larger scale and more developed digital capabilities.
• First Bank (第一銀行): First Financial Holding's flagship bank offers comprehensive retail, corporate, and trade finance services across Taiwan with a national branch network. Comparable to King's Town Bank's commercial banking and remittance offerings, with deeper trade finance expertise.
• Mega Bank (兆豐國際商業銀行): Mega Financial Holding's commercial bank subsidiary is Taiwan's largest by assets, with strong corporate and trade finance operations. Comparable to King's Town Bank in trade services but with significantly larger institutional banking capabilities.

Others

• Western Union: Western Union is King's Town Bank's core cross-border remittance partner, enabling the bank's unique 京匯通/京速PAY platform. While not a direct competitor, Western Union's network is the foundation for King's Town Bank's differentiating remittance offering.

Direct peers

• Bank SinoPac (永豐商業銀行): Bank SinoPac is the surviving entity in the announced merger with King's Town Bank (effective January 1, 2027). Both are Taiwan commercial banks under SinoPac Financial Holdings with overlapping retail and SME banking services, making them directly comparable.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about King's Town Bank