KGI Bank
A Taiwanese commercial bank formerly known as Cosmos Bank and now operating as a subsidiary of KGI Financial Holding.
Last updated October 30, 2026
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Overview
KGI Bank is a commercial bank based in Taiwan and a member of KGI Financial Holding. The institution began as Cosmos Bank in the early 1990s and developed into a provider of corporate banking, consumer finance, financial-market services, and wealth-management-related banking products. Its origins date to incorporation approval granted on 13 August 1991 to a financial institution founded by Hsu Sheng-fa. The bank received its banking license on 14 January 1992 and commenced operations on 12 February 1992. A major transformation occurred in 2014, when Cosmos Bank agreed to become a subsidiary of KGI Financial Holding through a share-swap transaction. The holding company completed the acquisition at a reported cost of NT$23.09 billion, and the bank formally joined the group on 15 September 2014. The transaction gave KGI Financial Holding a commercial-banking platform and broadened the scope of its financial-services business. In January 2015, Cosmos Bank was renamed KGI Commercial Bank, establishing the KGI banking identity used today. Following the integration, KGI Financial Holding’s corporate-banking and financial-markets operations were transferred to the bank. This positioned KGI Bank as an operating banking arm within the group rather than solely as a retail-oriented institution. KGI Bank’s business scope includes services for companies and other institutional customers, personal and consumer financial products, deposits and lending, and wealth-management offerings. Its corporate and financial-markets capabilities complement the group’s wider financial-holding structure. The bank primarily serves the Taiwanese market and is not identified in the supplied reference material as a separately listed company. Publicly available information in the supplied sources is limited regarding current management, detailed product names, branch scale, financial performance, and recent strategic initiatives.
History
KGI Bank traces its institutional history to a financial institution founded by Hsu Sheng-fa in Taiwan. Incorporation approval was granted on 13 August 1991 under the name Cosmos Bank. After receiving its banking license on 14 January 1992, the institution formally began operations on 12 February 1992. For more than two decades, the bank operated as Cosmos Bank. Its ownership and strategic direction changed substantially in 2014, when it entered into a share-swap agreement to become a subsidiary of KGI Financial Holding, then referred to in the supplied reference material as CDF. The holding company acquired Cosmos Bank for NT$23.09 billion, and the transaction was formally completed on 15 September 2014. The acquisition expanded KGI Financial Holding’s presence in commercial banking and created a platform for integrating banking activities with the group’s other financial businesses. In January 2015, Cosmos Bank was renamed KGI Commercial Bank. The rebranding aligned the institution with the KGI identity and marked its transition into the banking arm of the financial holding group. After the change, KGI Financial Holding’s corporate-banking and financial-markets activities were ceded to KGI Commercial Bank. These changes broadened the bank’s role beyond traditional retail banking and strengthened its connection with institutional and capital-markets customers. The institution is now known as KGI Bank and operates as a Taiwanese commercial bank. Its stated areas of activity include corporate banking, consumer banking, and wealth management, alongside financial-markets functions transferred during the post-acquisition integration. The supplied reference material does not provide sufficient detail to document a complete branch history, current executive roster, individual product launches, financial results, or recent campaigns. Those areas therefore remain unexpanded rather than being supplemented with unsupported claims.
- 2015
Rebranding as KGI Commercial Bank
[1]Cosmos Bank was renamed KGI Commercial Bank in January 2015, aligning the bank with its new financial-holding parent.
- 2015
Corporate banking and financial-markets integration
[1]KGI Financial Holding transferred its corporate-banking and financial-markets activities, associated with CDIB, to KGI Commercial Bank after the rebranding.
- 2014
Acquisition completed by KGI Financial Holding
[1]Cosmos Bank agreed to become a subsidiary of KGI Financial Holding through a share-swap transaction. The holding company acquired the bank for a reported NT$23.09 billion, with the transaction completed on 15 September 2014.
- 2014
Agreement to join China Development Financial Holding
[1]On 10 February 2014, Cosmos Bank agreed to a share-swap transaction that would make it a subsidiary of China Development Financial Holding Corporation, later known as KGI Financial Holding Corporation.
- 2014
Becomes a financial-holding-company subsidiary
[1]The ownership transaction was completed on 15 September 2014, when Cosmos Bank became a subsidiary of China Development Financial Holding Corporation.
- 1992
Banking license and launch
[1]Cosmos Bank obtained its banking license on 14 January 1992 and began operations on 12 February 1992.
- 1992
Banking license granted and operations begin
[1]The bank received its license on 14 January 1992 and officially began operations on 12 February 1992 under the Cosmos Bank name.
- 1991
Incorporation approval granted
[1]The financial institution founded by Hsu Sheng-fa received incorporation approval on 13 August 1991 under the name Cosmos Bank.
Products and positioning
A Taiwan-focused commercial bank serving as a banking platform within KGI Financial Holding Corporation, with activities spanning general banking, corporate banking, and financial markets.
Business banking · 2015
Corporate banking
KGI Bank provides banking services for corporate and institutional customers. The supplied reference material identifies corporate banking as a core business area and notes that the group's corporate-banking activities, associated with CDIB, were transferred to the bank after the acquisition and rebranding. Specific lending programs, sector specializations, and transaction services are not detailed in the available material. Corporate banking is one of the activities associated with KGI Commercial Bank after its integration into the KGI financial holding group. Reference material specifically notes that corporate-banking activities were ceded to the bank, although detailed product names and eligibility criteria are not provided.
Retail banking
Consumer banking
Consumer banking covers the bank's personal financial-services activities, including retail banking and consumer-finance products. The available reference describes this as part of KGI Bank's business scope but does not identify individual account, card, loan, or digital-banking products.
Wealth management
Wealth management
KGI Bank offers wealth-management-related banking services as part of its broader commercial-bank platform. The supplied material does not specify the investment products, advisory model, customer segments, or distribution channels associated with this business.
Financial markets · 2015
Financial-markets services
Financial-markets activities became part of KGI Bank's operating scope following the transfer of the group's financial-markets business, associated with CDIB, after the 2015 rebranding. The available source does not provide enough detail to identify the specific markets, instruments, or customer services involved. The bank also assumed financial-markets activities associated with CDIB during the post-acquisition organizational alignment. The available sources do not specify the individual trading, treasury, investment, or capital-markets services included in this area.
Banking
Commercial banking services
KGI Commercial Bank's principal documented business is commercial banking in Taiwan. The available reference material identifies the institution as a Taiwan commercial bank but does not enumerate specific deposit, payment, lending, or wealth-management products.
Brand decisions
2015
Adoption of the KGI Commercial Bank identityStrategyBackground
Following the 2014 acquisition, the former Cosmos Bank needed to be aligned with its new financial-holding parent and operating role.
Action taken
The bank was renamed KGI Commercial Bank in January 2015, and corporate-banking and financial-markets activities were transferred to it.
Aftermath
The reorganization positioned the institution as KGI Financial Holding’s commercial-banking operating platform.
2015
Rebranding from Cosmos Bank to KGI Commercial BankStrategyBackground
After joining the financial holding group, the former Cosmos Bank required a name aligned with the KGI group identity.
Action taken
The institution was renamed KGI Commercial Bank in January 2015.
Aftermath
The bank continued as the group's commercial-banking institution under the KGI Bank identity.
2015
Transfer of corporate-banking and financial-markets activitiesStrategyBackground
The integration of the bank into the KGI financial group included a redistribution of banking-related business functions.
Action taken
Corporate-banking and financial-markets activities associated with CDIB were ceded to KGI Commercial Bank.
Aftermath
The transfer expanded the documented scope of the bank's role within the group beyond its legacy Cosmos Bank identity.
2014
Share-swap acquisition by KGI Financial HoldingM&ABackground
Cosmos Bank agreed to a share-swap transaction that would place it under China Development Financial Holding Corporation, the group later known as KGI Financial Holding Corporation. The reported transaction value was NT$23.09 billion.
Action taken
The parties used a share-swap arrangement, and KGI Financial Holding acquired Cosmos Bank for a reported NT$23.09 billion. The transaction became effective on 15 September 2014.
Aftermath
Cosmos Bank became a subsidiary of KGI Financial Holding, setting up the subsequent rebranding and integration of corporate-banking and financial-markets activities.
Acquisition cost. NT$23.09 billion (2014)
Recent events
- 2015
Cosmos Bank is renamed KGI Commercial Bank[1]
Leadership change · Other
The institution adopted the KGI Commercial Bank name after becoming part of the KGI financial holding group.
- 2015
Corporate banking and financial-markets activities are transferred to KGI Commercial Bank[1]
Other
Corporate-banking and financial-markets functions associated with CDIB were ceded to KGI Commercial Bank as part of the post-acquisition organizational alignment.
- 2014
Cosmos Bank agrees to become a subsidiary of China Development Financial Holding[1]
M&A
Cosmos Bank reached a share-swap agreement to join China Development Financial Holding Corporation, with the transaction reported at NT$23.09 billion.
- 2014
Cosmos Bank formally joins the financial holding group[1]
Leadership change · M&A
The bank officially became a subsidiary of China Development Financial Holding Corporation on 15 September 2014.
Sources2 sources
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