Taiwan's 15 FHCs Post Profits Exceeding NT$160B in H1
2014/07/28 | By Judy LiTaiwan's 15 financial holding companies (FHCs) posted after-tax profits of NT$161 billion (US$5.37 billion) in H1 for a sizable annual growth of 47% or NT$52 billion (US$1.73 billion), with 2014 profits expected to reach NT$300 billion (US$10 billion).
Fubon Financial Holding Co. remained the most profitable FHC with earnings-per-share (EPS) of NT$2.67 (US$0.089), with Cathay Financial Holding Co. leading in net earnings, with after-tax profits of NT$30.61 billion (US$1.02 billion), surging 104% year on year. CTBC Financial Holding Co. followed in second place with NT$28.478 billion (US$949.27 million) and Fubon trailing closely with NT$27.321 billion (US$910.7 million), the third highest.
Cathay Financial saw profits generated mainly by two affiliates—Cathay Life Insurance Co. and Cathay United Bank, with the former scoring profits of NT$19.57 billion (US$652.33 million), a whopping annual rise of 152%; and the latter NT$10.65 billion (US$355 million), up 36% from a year earlier. (JL)
| Profitability of Taiwan's 15 FHCs in June and H1, 2014 | |||
| FHC
| After-tax profits in June (NT$B)
| After-tax profits in first half (NT$B)
| EPS (NT$)
|
| Fubon
| 6.108
| 27.321
| 2.67
|
| Cathay
| 12.26
| 30.61
| 2.54
|
| CTBC
| 16.856
| 28.478
| 1.94
|
| Mega Financial
| 2.773
| 16.135
| 1.3
|
| Taishin Financial
| 1.66
| 9.04
| 1.11
|
| First Financial
| 1.595
| 8.216
| 0.95
|
| SinoPac Financial
| 2.125
| 7.206
| 0.88
|
| E. Sun Financial
| 0.881
| 5.542
| 0.86
|
| Hua Nan Financial
| 1.445
| 6.305
| 0.7
|
| Yuanta Financial
| 1.063
| 6.036
| 0.61
|
| Taiwan Cooperative Financial
| 0.875
| 5.365
| 0.61
|
| Jih Sun Financial
| 0.244
| 1.549
| 0.5
|
| Waterland Financial
| 0.266
| 1.083
| 0.41
|
| China Development Financial
| 0.408
| 4.8
| 0.33
|
| Shin Kong Financial
| 1.952
| 3.343
| 0.28
|