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TBB — Interim / Quarterly Report 2020
Aug 28, 2020
52201_rns_2020-08-28_aedbebd7-1d06-40e4-afac-a2302d1668dc.pdf
Interim / Quarterly Report
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Financial Review of 2020Q2
2020.08.28
Disclaimer
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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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2
Assets and Liabilities
Asset Liability
In NT mn
In NT mn |
||||||
|---|---|---|---|---|---|---|
2015 |
2016 |
2017 |
2018 |
2019 |
2Q20 |
|
Asset |
1,475,892 |
1,498,729 |
1,584,094 |
1,619,040 |
1,746,153 |
1,664,290 |
Liability |
1,408,233 |
1,427,859 |
1,508,276 |
1,534,187 |
1,650,636 |
1,567,865 |
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Equity
Equity BVPS
In NT mn
In NT mn |
||||||
|---|---|---|---|---|---|---|
2015 |
2016 |
2017 |
2018 |
2019 |
2Q20 |
|
Equity |
67,659 |
70,870 |
75,818 |
84,853 |
95,517 |
96,425 |
Common Stock |
56,847 |
59,689 |
61,480 |
63,939 |
71,320 |
71,320 |
BVPS |
11.9 |
11.87 |
12.33 |
13.27 |
13.39 |
13.52 |
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In NT mn 單位：新臺幣百萬元
Assets Breakdown
2018 Assets
2019Assets
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2020 Q2 Assets
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Liabilities Breakdown
In NT mn 單位：新臺幣百萬元
2018 Liabilities
2019 Liabilities
2020 Q2 Liabilities
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Equity Breakdown
In NT mn 單位：新臺幣百萬元
2018 Equity
2020 Q2 Equity
2019 Equity
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Income Growth
| Income Growth | Income Growth | Income Growth | Income Growth | Income Growth | Income Growth | Income Growth | Income Growth | Income Growth | Income Growth | |
|---|---|---|---|---|---|---|---|---|---|---|
Net Incomebefore taxEPS before tax(NTD)In NT mn201520162017201820192Q202Q19Net Income before tax6,1966,3595,8719,1988,0662,5014,070Net income5,1135,1965,0407,6416,7342,2583,401EPS before Tax (NTD)1.091.070.951.441.180.330.64EPS (NTD)0.900.870.821.190.980.300.53ROE before tax9.50%9.18%8.00%11.45%8.94%5.21%9.42%ROA before tax0.43%0.43%0.38%0.57%0.48%0.29%0.48%Employee productivity1.241.281.151.751.500.470.77 |
||||||||||
| In NT mn | ||||||||||
2015 |
2016 |
2017 |
2018 |
2019 |
2Q20 |
2Q19 |
||||
| Net Income before tax | 6,196 |
6,359 |
5,871 |
9,198 |
8,066 |
2,501 |
4,070 |
|||
| Net income | 5,113 |
5,196 |
5,040 |
7,641 |
6,734 |
2,258 |
3,401 |
|||
| EPS before Tax (NTD) | 1.09 |
1.07 |
0.95 |
1.44 |
1.18 |
0.33 |
0.64 |
|||
| EPS (NTD) | 0.90 |
0.87 |
0.82 |
1.19 |
0.98 |
0.30 |
0.53 |
|||
| ROE before tax | 9.50% |
9.18% |
8.00% |
11.45% |
8.94% |
5.21% |
9.42% |
|||
| ROA before tax | 0.43% |
0.43% |
0.38% |
0.57% |
0.48% |
0.29% |
0.48% |
|||
| Employee productivity | 1.24 |
1.28 |
1.15 |
1.75 |
1.50 |
0.47 |
0.77 |
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Monthly Net Income before Tax ( Individual)
In NT 100mn
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Bad debts expense, commitment and guarantee liability provision
In NT 100mn
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Net Revenue Breakdown
In NT mn
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----- Start of picture text ----- 2020 H1Net Revenue Breakdown2019 H1Net Revenue Breakdown10----- End of picture text -----
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Overseas Income
In NT mn
2019 Q2
2020 Q2
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Operating Expense Ratio
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201520162017201820192Q20Net revenue20,16220,65720,86323,02723,21010,639Operating expense11,55711,79311,96313,03412,7276,183Percentage(%)57.32%57.09%57.34%56.60%54.83%58.12% |
201520162017201820192Q20Net revenue20,16220,65720,86323,02723,21010,639Operating expense11,55711,79311,96313,03412,7276,183Percentage(%)57.32%57.09%57.34%56.60%54.83%58.12% |
201520162017201820192Q20Net revenue20,16220,65720,86323,02723,21010,639Operating expense11,55711,79311,96313,03412,7276,183Percentage(%)57.32%57.09%57.34%56.60%54.83%58.12% |
201520162017201820192Q20Net revenue20,16220,65720,86323,02723,21010,639Operating expense11,55711,79311,96313,03412,7276,183Percentage(%)57.32%57.09%57.34%56.60%54.83%58.12% |
201520162017201820192Q20Net revenue20,16220,65720,86323,02723,21010,639Operating expense11,55711,79311,96313,03412,7276,183Percentage(%)57.32%57.09%57.34%56.60%54.83%58.12% |
201520162017201820192Q20Net revenue20,16220,65720,86323,02723,21010,639Operating expense11,55711,79311,96313,03412,7276,183Percentage(%)57.32%57.09%57.34%56.60%54.83%58.12% |
201520162017201820192Q20Net revenue20,16220,65720,86323,02723,21010,639Operating expense11,55711,79311,96313,03412,7276,183Percentage(%)57.32%57.09%57.34%56.60%54.83%58.12% |
In NT mn |
|---|---|---|---|---|---|---|---|
2015 |
2016 |
2017 |
2018 |
2019 |
2Q20 |
2Q19 |
|
Net revenue |
20,162 |
20,657 |
20,863 |
23,027 |
23,210 |
10,639 |
12,046 |
Operating expense |
11,557 |
11,793 |
11,963 |
13,034 |
12,727 |
6,183 |
6,300 |
Percentage(%) |
57.32% |
57.09% |
57.34% |
56.60% |
54.83% |
58.12% |
52.30% |
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Loan,Deposit, and FX volume
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In NT mn |
In NT mn |
In NT mn |
In NT mn |
In NT mn |
In NT mn |
In NT mn |
|---|---|---|---|---|---|---|
2015 |
2016 |
2017 |
2018 |
2019 |
2Q20 |
|
Deposit |
1,198,627 |
1,259,305 |
1,310,328 |
1,388,764 |
1,436,285 |
1,430,308 |
Loan |
1,012,708 |
1,010,824 |
1,063,179 |
1,101,759 |
1,129,913 |
1,148,302 |
FX volume(In USD mn) |
65,106 |
63,257 |
70,846 |
69,688 |
56,698 |
24,306 |
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Deposit Breakdown
In NT 100mn
2020 Q2 by Currency
2019 Q2 by Currency
2020 Q2 by Period
2019 Q2 by Period
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Loan Breakdown
In NT 100mn
2018 by Currency
2019 by Currency
2020 Q2 by Currency
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----- Start of picture text ----- ForeignForeignCurrencyCurrencyLoanLoan1,332.751,355.1512%12%LoanLoan9,966.3810,127.8788%88%----- End of picture text -----
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Loan Breakdown
In NT 100mn
2018 NTD Loan by
Business
2019 NTD Loan by
Business
2020 Q2 NTD Loan by
Business
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Loan Breakdown
In NT 100mn
2018 Foreign Currency
Loan by Region
2019 Foreign Currency
Loan by Region
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2020 Q2 Foreign Currency
Loan by Region
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Loans to Small and Medium Enterprises
| InNT 100mn | ||||||
2015 |
2016 |
2017 |
2018 |
2019 |
2Q20 |
|
Loans to Small andMedium Enterprises |
4,579.10 |
4,328.30 |
4,675.70 |
4,990.40 |
5,339.33 |
5,637.56 |
Account for totalloans |
48.58% |
44.46% |
45.42% |
50.50% |
51.81% |
53.13% |
By the end of June 2020, there was a total of 46,060 of loans to Small and Medium Enterprises, increased by 12,163 compared with last year; loan balance was NT$563.8 billion, increased by NT$29.9 billion compared with last year.
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Net Interest Spread and NIM
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%
% |
||||||
|---|---|---|---|---|---|---|
2015 |
2016 |
2017 |
2018 |
2019 |
2Q20 |
|
Net Interest Spread |
1.35 |
1.32 |
1.29 |
1.33 |
1.35 |
1.25 |
NTD Spread |
1.33 |
1.26 |
1.23 |
1.24 |
1.28 |
1.24 |
FCY Spread |
1.53 |
1.90 |
1.99 |
2.28 |
2.09 |
1.57 |
NIM |
1.04 |
0.97 |
0.97 |
0.97 |
0.95 |
0.91 |
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Asset Quality
| Asset Quality | Asset Quality | Asset Quality | Asset Quality | Asset Quality | Asset Quality | Asset Quality |
|---|---|---|---|---|---|---|
| In NT 100mn | ||||||
2015 |
2016 |
2017 |
2018 |
2019 |
2Q20 |
|
NPL |
4,905 |
4,520 |
3,712 |
3,308 |
3,628 |
5,604 |
NPL Ratio |
0.48% |
0.43% |
0.33% |
0.30% |
0.32% |
0.48% |
Allowance for bad debts |
11,342 |
12,550 |
12,158 |
13,034 |
13,341 |
14,380 |
Coverage Ratio |
231.22% |
277.63% |
327.57% |
394.08% |
367.77% |
256.57% |
Bad Loans Write-offs |
3,095 |
2,884 |
3,950 |
2,659 |
3,330 |
1,415 |
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Award
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Award
| Award | |
|---|---|
| CommonWealthMagazine | Ranked top 50 in “Large Enterprises Group” of Excellence inCorporate Social Responsibility |
| ExcellenceMagazine | 2020 Best Service of Innovative Industry |
| Taiwan IndexPlusCorporation | Top 20% of Corporate Governance Evaluation of Listed Company |
| FSC, Taiwan | •2020 Excellent Bank Award of Efficiency in Relief Loan procedures•Ranked top 20% in the financial services industry•2016-2019 Excellent Bank Award of Property Trust Assessment forSenior Citizens and People with Disabilities in the Trust Industry•Program to Encourage Lending by Domestic Banks to Small andMedium Enterprises( Team A) – 2020 Superior award•Program to Encourage Lending by Domestic Banks to KeyInnovative Industries( Team A) – 2020 Superior award |
| Ministry ofEconomicAffairs | Managers and Banks outstanding in implementing guaranteeFinancing:•Direct Guarantee Performance Award•Policy Promotion Award•Award of Loans to Small and Medium Enterprises•Award of assisting in system establishment |
| Taiwan IndexPlusCorporation | •Taiwan Employment Creation 99 Index(for eleven years in a row )•FTSE4Good TIP Taiwan ESG Index(for six times in a row ) |
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Award
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Award
優等銀行
甲等銀行
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Corporate Social Responsibility
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Corporate Social Responsibility
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Corporate Social Responsibility
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----- Start of picture text ----- GreenGreenbond Financing TrustEnergyInnovative FinanceUrbanGreenFinance Project Office RegenerationCultural andSeniorProject Loans for Creative IndustryGreen EnergySustainabilitySeedPreferential LoanBank----- End of picture text -----
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Senior Learning Center
We have sponsored 4 more Senior Learning Center this year. (Total number of Senior Learning Center we sponsored ： 16)
May 2018 - Now
- Tainan Baihe (Jul 2020) May 2018 - Now Accumulated sponsorship amount
：14. Chiayi Dongshi (Jul 2020) More than NT$ 14 million 15. Changhua Xihu (Aug 2020) Accumulated clients：16. Taichung Qingshui (Aug 2020) Nearly 290 thousands
Continue the promotion for the Silver Love Credit Card , in which the Bank contributed 0.3‰ of the card consumption to help seniors to dine and learn together.
In order to spread love across Taiwan, in the hope of calling upon more people to join public welfare activities and generating the power of love and warmth in Taiwan.
The first Senior Learning Center we sponsored in May 2018.
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Jan - Jul 2020
The accumulated credit card trade volume has mounted to more than 1.3 billion.
The cumulative contribution of public Non-profit fund is about 2.66 million.
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Credit Ratings
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Taiwan Ratings
| Taiwan Ratings | Long term | Short term | Outlook |
|---|---|---|---|
| 2018 | twAA- | twA-1+ | Stable |
| 2019 | twAA- | twA-1+ | Stable |
| 2020 | twAA- | twA-1+ | Stable |
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S&P
| S&P | Long term | Short term | Outlook |
|---|---|---|---|
| 2018 | BBB+ | A-2 | Stable |
| 2019 | BBB+ | A-2 | Stable |
| 2020 | BBB+ | A-2 | Stable |
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