It was owned by the government before its downsizing on December 21, 1998, when it was transferred to the jurisdiction of the Executive Yuan.

Its objective is to develop national economic construction in coordination with the implementation of the government's housing, agricultural, and land policies.

The history of the Land Bank of Taiwan dates from 1945 and the end of World War II.

To facilitate the implementation of land policies such as land-rights equalization and the land-to-the-tiller program in Taiwan, the ROC government allocated 60 million dollars from the national treasury and took over the five branches of the Nippon Kangyo Bank (NKB) set up in Taipei, Hsinchu, Taichung, Tainan, and Kaohsiung during Japanese rule.

The “Land Bank of Taiwan” was established in accordance with ROC law on 1 September 1946.