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The History of the Export-Import Bank of the Republic of China

The late 1970’s was a turning point in the economic development of Taiwan. Since the labor-intensive industries had gradually lost their comparative advantage, it was essential to accelerate capital and technology-intensive industries and upgrade the industrial structure to sustain export expansion and economic growth. In view of this trend, the government chose machinery and electronics as strategic industries and offered necessary assistance and support through financing, taxation, technology, and trade. As a financing measure, the government established the Export-Import Bank of the Republic of China (Eximbank).

Eximbank was established on January 11, 1979 under the Statute of “The Export-Import Bank of the Republic of China Act.” As a state-owned specialized export and import financial institution, which is supervised by the Ministry of Finance and administered by the Financial Supervisory Commission, Eximbank’s mission is “to promote export and import trade and develop the economy,” and its business vision is "to strengthen trade finance and assist external trade.”

Eximbank is the only bank in Taiwan that can provide “Credit,” ”Guarantee,” and “Export Credit Insurance” services to help enterprises expand external trade and overseas investments and increase international cooperation to maintain the steady and continuous development of Taiwan’s economy. In order to assist enterprises to export, Eximbank provides export credit and export credit insurance services, and has successively established branches in Kaohsiung, Taichung, Hsinchu, and Tainan, as well as an Offshore Banking Unit. Eximbank established three overseas representative offices in Thailand, Indonesia, and the Czech Republic.

Being the only policy bank offering export credits, Eximbank provides several export credit and overseas investment insurance services to protect local enterprises against commercial or political risks while engaging in export trade or overseas investment, and has been a member of the global association for export credit and investment insurance industry “Berne Union” since 1998. Eximbank actively participates in the Union’s meetings and strengthens cooperation with export credit agencies around the world in order to keep abreast of the latest global economic trends.

Eximbank does not undertake deposit and consumer financing businesses. Since the bank was established in 1979, it has continuously followed the government policies and provided various financing measures with competitive edges to strengthen our export businesses’ competitiveness, assist their developments in the global market, and increased domestic employment through exports, thereby increasing income and creating consumer demand in order to achieve the goal of promoting economic growth.