Fubon Taiwan's Most Profitable FHC in 2013
2014/01/21 | By Judy LiFunbon Financial Holding Co. posted after-tax profits of NT$32.69 billion (US$1.076 billion) in 2013, with earnings per share (EPS) of NT$3.31 (US$0.11), both being the highest among Taiwan's financial holding companies.
In the same year three government-linked FHCs, namely, Mega Financial Holding Co., First Financial Holding Co., and Hua Na Financial Holding Co., each scored profits exceeding NT$10 billion (US$333.33 million). Mega saw its profits grow by 4.5% year-on-year to NT$22.477 billion (US$749.23 million), of which NT$18.805 billion (US$626.83 million) came from its banking arm—Mega International Commercial Bank.
Cathay Financial Holding Co. followed Fubon to be the second most profitable FHC with profits of NT$28.96 billion (US$965.33 million) in 2013 despite suffering loss of NT$970 million (US$32.33 million) in December of the year. Cathay's profits came mainly from its affiliate—Cathay Life Insurance Co., which gained profits of NT$20.6 billion (US$686.67 million) during the year, the second highest of its kind ever recorded. (JL)
Profitability of Taiwan's FHCs in 2013 | |||
FHC
| Profits in December 2013 (NT$M.)
| Profits in 2013 (NT$B.)
| EPS (NT$)
|
Fubon
| 480
| 32.69
| 3.31
|
Cathay
| -290
| 28.96
| 2.49
|
Mega
| 1,202
| 22.477
| 1.96
|
Taishin Financial
| 420
| 13.87
| 1.73
|
E. Sun Financial
| 475
| 8.459
| 1.53
|
CTBC Financial
| -545
| 21.503
| 1.5
|
SinoPac Financial
| 820
| 10.705
| 1.31
|
First
| 454
| 10.866
| 1.26
|
Hua Nan
| 818
| 10.052
| 1.11
|
Yuanta Financial
| 876
| 7.738
| 0.78
|
Jih Sun Financial
| 345
| 2.086
| 0.68
|
Waterland Financial
| 235
| 1.35
| 0.52
|