O-Bank Holds Opening Ceremony for Sydney Representative Office, Strengthening Presence in Australian Financial Market

(中央社訊息服務20250729 18:33:08)Taiwan’s O-Bank, a certified B corporation, today celebrated a significant milestone for its entry into the Australian financial market with the opening ceremony for its Sydney Representative Office. Honored guests invited to the ceremony included David Cheng-Wei Wu, Director-General of the Taipei Economic and Cultural Office in Sydney; The Hon. Anthony Roberts. MP, Chair of the NSW Parliamentary Taiwan Friendship Group; The Hon. Rod Roberts. MLC, Legislative Council Deputy President and Chair of Committees of the Parliament of New South Wales; and Dr. Hugh McDermott. MP, Parliamentary Secretary to the Attorney General, as well peers from the financial industry. The O-Bank delegation was led by O-Bank President Elton F.Y. Lee, highlighting the importance of the Australian market to the Bank.

“Australia is a major economy in the Asia-Pacific region and a key market for many multinational companies.” said O-Bank President Elton F.Y. Lee. “By establishing the Sydney Representative Office, O-Bank aims to deepen its local presence to serve more Australian and Taiwanese enterprises, and hopes the office will become an important hub for the bank’s future development.”

O-Bank, formerly the Industrial Bank of Taiwan, was founded in 1999. As Taiwan’s first newly-established industrial bank by private investors, its mission was to support government policy and nurture strategic emerging industries. A participant in major economic development plans, it grew together with many Taiwanese companies, offering clients comprehensive financial services. In response to the transformation of the Taiwan economy, it transitioned to become “O-Bank” in 2017, entering the personal finance market as Taiwan’s first digital-native bank by providing online-first financial services supplemented by offline support. In the same year, it received U.S. certification as a B Corporation. This certification evaluates companies across five major areas: governance, workers, community, the environment, and customers. It encourages businesses to address environmental and social issues while pursuing profit growth. Receiving this certification recognizes O-Bank’s commitment to a vision of shared prosperity and mutual benefit with employees, customers, shareholders, suppliers, and society.

O-Bank is actively deploying globally, and in addition to a Hong Kong branch, it also serves clients in California through its EverTrust Bank subsidiary. Earlier this year, its IBT Venture Capital subsidiary established O-Bank Capital Asia in Singapore, gaining a foothold in the Southeast Asian investment market. The opening of O-Bank’s Sydney Representative office will help the O-Bank Group gain a stronger understanding of the Australian market and its industry trends, as well as assist in expanding global financial businesses opportunities. If upgraded to a full branch, it will become O-Bank’s second major overseas branch.

O-Bank will continue to uphold the principle of prudent management, strictly comply with Australia’s laws and regulatory standards, actively promote cross-border financial cooperation and strengthen its engagement with the local market.