INSTITUTION
PERIOD
BACKGROUND,RESPONSEMEASURESAND
RESULTS
11 Secondbatchof
problem financial
institutionshandled
by theFinancial
RestructuringFund
of theExecutive
Yuan including7
CreditDepartment
of farmers’
associations
2002.07.12
Conservatorship thecredit
departmentsof farmers'
associations
•
Adjusted net worth of all institutions turned
negative after financial examination; included
by the Financial Restructuring Fund for
disposition. TheMinistry of Finance appointed
theCDIC to stationon-site conservatorship and
toassumeauthorityof office.
•
Assumed by the Taiwan Cooperative Bank and
theLandBankof TaiwanonJuly27, 2002.
12 FongshanCredit
Cooperativeof
KaohsiungCounty
2004.04.02~2004.10.01
Conservatorship
•
Both business and financial status were
deteriorating fast and risked defaulting;
includedby theFinancial RestructuringFund for
disposition. TheMinistry of Finance appointed
theCDIC to stationon-site conservatorship.
•
Assumed by the Chinatrust Commercial Bank
onOctober 1, 2004.
13 TaitungBusiness
Bank
2006.12. 05~2012.07.09
Conservatorship
2012. 07. 10~Present
Receivership
•
The bank's asset quality rapidly deteriorated,
with years of losses culminating in a negative
net worth from September 2005. The FSC
designate the CDIC to carry out on-site
conservatorship.
•
The bank was generally assumed by the ABN
AMROBankonSeptember 22, 2007.
•
The FSC instructed that conservatorship be
terminated frommidnight on July10, 2012, and
that the receivership be simultaneously started.
TheCDICwas designated as receiver tohandle
follow-up receivershipaffairs according to law.
80
Central Deposit Insurance Corporation 30Years inRetrospect
