Union Bank of Taiwan was the third private-owned bank approved by the government to be established in the awakening of banking liberalization and globalization.The company is involved in activities including cover deposits, loans, discounts, remittances, acceptances, issuance of guarantees and letters of credit, short-term bill transactions, investments, foreign exchange transactions, savings, trust services, etc. It accepts various deposit products, including savings, demand, time, and checking deposits, as well as negotiable certificates of deposit; and provides corporate loans, discount bills and notes, domestic letters of credit and accounts receivable factoring, mortgages, auto loans, personal loans, and other consumer credits