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TBB Annual Report 2016

Mar 23, 2017

52201_rns_2017-03-23_e7d6a4ec-d0a2-468f-b746-f31966f24953.pdf

Annual Report

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Taiwan Business Bank Financial Review of 2016Q4

2017.3.23

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Disclaimer

  • This presentation is provided by Taiwan Business Bank Co., Ltd. (‘TBB’).The information contained within is not reviewed or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed to the competent authorities by TBB. While we endeavor to provide accurate, complete and consistent information herein, TBB makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to reflect any change hereafter.

  • Users should also notice that this presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business development and economic performance are forward-looking statements. By their nature, forward-looking statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation. These factors include, but not limited to, regulatory developments, competitive conditions, technological developments, general economic conditions and management changes.

  • The information, statements or opinions in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. TBB and its affiliates representatives, no matter for their negligence or any other reasons, should not be liable for any loss or damages arising from the use of or interpretation by others of information contained within this presentation or any matter related to this document.

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1

Summary

Operations Review of 2016

Financial Performance of 2016

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2

Operations Review of 2016

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3

Operations Review of 2016

Profits hit new record

Record Profits

Though Central Bank cut interest rate twice that reduced interest income, TBB Pretax income, net Income, net service fee income, deposits volume soared to record level.

Strong net service fee income growth

Though the commission rate of life insurance decreases, the wealth management service fee still going up.

Concentrated on policy finance

  • Focused on 1. Received 4 awards in SMEs Loans from the Ministry of Economic Affairs. Niche 2. Received 5 awards in SMEs Loans and Cultural Creative Industry Loans from Financial Supervisory Commission.

Market

  1. Received “Excellent SME Financial Institution” from Finance Great Award.

Solid

Governance

Transparent corporate governance

  1. Ranks among top 5% for 2 years in Corporate Governance Assessment conducted by Taiwan Stock Exchange.

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4

Financial Performance

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5

Operating Result

2015 2016 YoY
Pre-tax income(in NT mn) 6,169 6,323 ＋2.50%
Net income(in NT mn) 5,113 5,196 ＋1.62%
EPS pre-tax (in NT$ dollar) 1.09 1.06 －2.75%
ROE pre-tax(%) 9.46 9.13 －3.49%
ROA pre-tax(%) 0.43 0.43 －
Book value per share(in NT$ dollar) 11.90 11.87 －0.25%
Equity(in NT mn) 67,659 70,870 ＋4.75%
Assets(in NT mn) 1,476,142 1,499,037 ＋1.55%

 TBB transferred earnings to common stock in 2016,which increased common stock and EPS before tax decreased.

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6

Profit Trend

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7

Net Income Breakdown

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2012 2013 2014 2015 2016
Net Income 17,528 17,583 18,811 19,886 20,409
Net
InterestIncome		 12,923 13,581 14,752 15,401 14,932
Net Service Fee
Income
2,006		 2,427 2,593 3,295 3,570

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Unit: in NT mn
-3.05%
+8.35%
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+2.63%
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8

Stockholders’ Equity

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Unit: in NT mn
80,000 11.90 12
11.87
11.84 +4.75%
11.8
70,000
11.6
60,000
70,870 11.4
11.24 11.24 67,659
62,738
50,000
11.2
55,039 57,254
40,000 11
2012 2013 2014 2015 2016
stockholder's equity BVPS
-0.25%
2012 2013 2014 2015 2016
Stockholders’
55,039 57,254 62,738 67,659 70,870
E uit
q y
Common
48,982 50,941 52,979 56,847 59,689
Stock
BVPS
11.24 11.24 11.84 11.90 11.87
(in NT$ dollar)
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Ca ital Ade uac Ratio p q y

7.00%
8.00%
9.00%
10.00%
11.00%
12.00%
13.00%		 10.45%
11.26%
10.54%
11.24%
11.91%
7.90%
8.23%
8.20%
8.84%
9.59%
7.78%
7.88%
7.98%
7.91%
2012
2013
2014
2015
2016
BIS
Tier1 Ratio
CET1
2012
2013
2014
2015
2016
BIS (%) 10.45
11.26
10.54
11.24
11.91
Tier1 Ratio(%)
7.90
8.23
8.20
8.84
9.59
CET1 (%)
-
7.78
7.88
7.98
7.91

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Note ： CET1 counted from 2013.

10

、 Assets Liabilities and Stockholders’ Equity(2016)

Assets

Liabilities

Stockholders’ Equity

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  • A ： Deposits from the Central Bank and

other banks 75,818 (5%)

  • B ： Financial debentures 42,750 (3%)

  • C ： Financial liabilities 13,792 (1%)

  • D ： Other liabilities 41,583(3%)

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11

Net Income Breakdown (2016)

Unit: in NT$ mn

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Net Income Breakdown
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12

Net Service Fee Income Breakdown

Unit: in NT mn

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+ 8.85%
+ 15.88%
+ 0.27%
+ 3.13%
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2015 2016
Net service fee income 3,295 3,570
Wealth management 2,114 2,301
FX 376 377
Loan 485 562
Others 320 330

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+ 8.35%
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Net service fee income

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13

Operating Expenses

Unit: in NT mn

2012
2013
2014
2015
2016
Net Income
17,528
17,583
18,811
19,886
20,409
Operating
Expenses
10,535
10,738
10,831
11,390
11,622
percentage(%)
60.10
61.07
57.58
57.28
56.95
2012
2013
2014
2015
2016
Net Income
17,528
17,583
18,811
19,886
20,409
Operating
Expenses
10,535
10,738
10,831
11,390
11,622
percentage(%)
60.10
61.07
57.58
57.28
56.95

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14

、 Loan De osit and FX Volumes p
0
300,000
600,000
900,000
1,200,000
1,500,000
1,800,000		 1,078,635
1,112,324
1,137,997
1,198,627
1,259,305
935,275
963,347
954,361
1,012,708
1,010,824
49,097
54,545
62,204
65,106
63,257
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
2012
2013
2014
2015
2016
Deposits
Loans
FX volumes(in US mn)
Unit: in US mn
2012
2013
2014
2015
2016
Deposits
1,078,635 1,112,324
1,137,997
1,198,627
1,259,305
Loans
935,275
963,347
954,361
1,012,708
1,010,824
FX Volumes
(in US mn)
49,097
54,545
62,204
65,106
63,257

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15

Loan Breakdown

Unit: in NT mn

By Currency

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By item +1.76%
+2.42%
+2.40%
- 9.99%
+2.51% - 3.35%
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2015 2016
Total Loans 1,012,708 1,010,824
Corporates 468,242 479,590
NTD
loan Consumers 251,229 257,268
By Government 164,325 147,910
item
Public enterprises 24,888 25,513
By NTD Loans 908,684 910,281
Curr
-ency FCY Loans 104,024 100,543

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- 0.19%
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16

Deposit Breakdown

Unit: in NT mn

2015
2016
Total Deposits
1,198,627
1,259,305
By
time		 Time Deposits
609,370
565,644
Demand Deposits
589,257
693,661
Demand Deposits
Ratio
49.16%
55.08%
By
curre
-ncy		 NTD Deposits
1,031,422
1,075,849
FCY Deposits
167,205
183,456

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2008 2009 2010 2011 2012 2013 2014 2015 2016
Demand
deposits 37.03% 39.74% 44.48% 46.34% 46.97% 47.82% 48.80% 49.16% 55.08%
Ratio

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17

Interest S read and NIM p

unit ：％

2012 2013 2014 2015 2016
Interest Spread 1.34 1.34 1.37 1.35 1.32
NTD Spread 1.29 1.31 1.37 1.33 1.26
FCY Spread 1.78 1.63 1.50 1.53 1.90
NIM 1.01 1.02 1.06 1.04 0.97

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18

Overseas Branches

Taiwan Business Bank has 125 domestic branches and 1 OBU.

7 overseas branches:

  • Asia ：

、 Hong Kong branch Shanghai 、 、 branch Wuhan branch

  • 、 Tokyo branch (in preparation)

  • 、 Manila branch (in the application)

  • USA ：

  • 、

  • LA branch New York branch

  • Australia ：

、 Brisbane branch Sydney branch

 Other overseas offices ： Yangon Representative Office, TBB International Leasing Co., Ltd. and TBB (Cambodia) Microfinance Institution Plc..

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19

、 NPL Ratio Covera e Ratio g

2012
2013
2014
2015
2016
NPL(in NT mn)
8,876
7,388
4,618
4,905
4,520
NPL Ratio(%)
0.92%
0.76%
0.46%
0.48%
0.43%
SMEs NPL Ratio(%)
0.96%
0.98%
0.61%
0.89%
0.79%
Mortgage NPL Ratio(%)
0.49%
0.35%
0.23%
0.27%
0.32%
Coverage Ratio(%)
93.53%
141.61%
236.78%
231.22%
277.63%
2012
2013
2014
2015
2016
NPL(in NT mn)
8,876
7,388
4,618
4,905
4,520
NPL Ratio(%)
0.92%
0.76%
0.46%
0.48%
0.43%
SMEs NPL Ratio(%)
0.96%
0.98%
0.61%
0.89%
0.79%
Mortgage NPL Ratio(%)
0.49%
0.35%
0.23%
0.27%
0.32%
Coverage Ratio(%)
93.53%
141.61%
236.78%
231.22%
277.63%

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20

Credit Ratings

 Taiwan Ratings upgraded long/short term ratings.

Taiwan Ratings Long term Short term Outlook
2015 twA+ twA-1 Stable
2016 twA+ twA-1 Positive
2017 twAA- twA-1+ Stable

. S&P upgraded the long term rating

S&P Long term Short term Outlook
2016 BBB A-2 Positive
2017 BBB+ A-2 Stable

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21

Dividend Policy

Payment date
2013
2014
2015
2016
2017
stock dividend
(in NT$ dollar)
0.40
0.40
0.73
0.50
0.30
Cash dividend
(in NT$ dollar)
－
－
－
0.10
0.102
0.102
Payment date
2013
2014
2015
2016
2017
stock dividend
(in NT$ dollar)
0.40
0.40
0.73
0.50
0.30
Cash dividend
(in NT$ dollar)
－
－
－
0.10
0.102

Note ： Distribution of 2016 profits will take effect after the 2017 shareholders’ meeting.

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22

Thank you

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23

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