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T.C.C.B. — Interim / Quarterly Report 2018
Aug 31, 2018
52197_rns_2018-08-31_fe4f22f4-ddc8-49f0-95b4-62677b054c59.pdf
Interim / Quarterly Report
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2018.9.3
Disclaimer
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This presentation is provided by Taichung Commercial Bank(TCB).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 TCB. While we endeavor to provide accurate, complete and consistent information herein, TCB 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.
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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.
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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 respect to such securities or other financial instruments. TCB 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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The operating results still need to be audited by accountants.
Agenda
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Financial Highlights
Financial Review
Financial Information
Appendix
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2018 Half Year Financial Highlight
Profitability
Net Profit after tax 1.9billions,14.4% growth over the same period last year. EPS 0.57, 16.3% growth over the same period last year.
Asset quality
、 。 NPL rate 0.37% Provision for bad debt coverage rate 378.28%
Capital adequacy Consolidated：Capital Ratio 12.41% 、 Tier I Capital Ratio 10.99% 。 Individual：Capital Ratio 11.75% 、 Tier I Capital Ratio 10.82% 。
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Agenda
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Financial Highlights
Financial Review
Financial Information
Appendix
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(NT$ Million, NT$,%) Profitability
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Net Profit
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3,633
3,515
3,477
2015 2016 2017
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1,910
1,669
1H17 1H18
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EPS(After tax)
1.10
1.07 1.10 Retroactively adjusted
1.14 1.09 1.10
2015 2016 2017
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0.57
0.49
1H17 1H18
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(NT$ Million, NT$,%) Profitability
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ROE(After tax)
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9.19%
8.64% 8.57%
2015 2016 2017
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8.72%
8.08%
1H17 1H18
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ROA(After tax)
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0.63%
0.58% 0.56%
2015 2016 2017
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0.56%
0.52%
1H17 1H18
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- ROE and ROA are annualized
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(NT$ Million) Change in Net Profit
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1H17 1H18 1H17 1H18
YoY 6.1% YoY 10.8% YoY -36.9%
YoY 8.4%
5,660 2,185
5,335
3,208
2,896
2,016
423
267
Operating Expense Provision
Revenue Profit before tax
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(NT$ Hundred Million,%) Deposit breakdown
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| Total deposit | ||||||||
|---|---|---|---|---|---|---|---|---|
| 5,594 | 5,555 | 5,661 | 5,666 | 5,813 | YoY 3.9% HoH 2.7% |
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| 535 | 499 | 515 | 528 | 524 | Foreign currency deposits |
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| YoY -2.1% | ||||||||
| HoH 1.7% | ||||||||
| 2,801 | 2,776 | 2,802 | 2,794 | 2,929 | Time & saving deposits(local |
Time & | Checking & demand |
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| currency) | saving | deposits(local | ||||||
| YoY 4.6% | deposits(local | currency) | ||||||
| HoH 4.5% | currency) | 40.60% | ||||||
| 50.39% | ||||||||
| Checking & | ||||||||
| demand | ||||||||
| 2,258 | 2,280 | 2,344 | 2,344 | 2,360 | deposits(local currency) YoY 4.5% |
Foreign currency | ||
| HoH 0.7% | deposits | |||||||
| 9.01% | ||||||||
| 2Q17 | 3Q17 | 4Q17 | 1Q18 | 2Q18 | Deposit Structure(2Q18) |
Deposit Structure(2Q18)
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Loan breakdown (NT$ Hundred Million, %)
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| Total Loan | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 4,345 | 4,354 | 4,360 | 4,313 | 4,493 | YoY 3.4% HoH 3.1% |
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| 273 | 282 | 266 | 252 | 276 | Corporate YoY 1.1% HoH 3.8% |
Mortgage 12% Consumption Loan 3% |
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| 1,772 | 1,757 | 1,769 | 1,750 | 1,815 | SME YoY 2.4% HoH 2.6% |
OBU 6% |
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| OBU | Other | ||||||||
| YoY 1.9% | Personal | ||||||||
| HoH 2.3% | Loan | ||||||||
| 563 260 |
561 261 |
560 259 |
557 256 |
555 265 |
Mortgage YoY -1.4% HoH -0.9% |
SME 40% |
33% | ||
| 78 | 87 | 96 | 101 | 108 | |||||
| Consumption Loan | |||||||||
| YoY 38.5% | |||||||||
| HoH 12.5% | |||||||||
| 1,399 | 1,406 | 1,410 | 1,397 | 1,474 | Other Personal Loan | Corporate 6% |
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| YoY 5.4% | |||||||||
| HoH 4.5% | |||||||||
| Loan | Str | ucture ( | Q18) |
Loan Structure (2Q18)
2Q17
3Q17
4Q17 1Q18 2Q18
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LDR and Spreads
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LDR
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Overall LDR NTD LDR FCY LDR
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Spreads
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Overall spread NTD spread FCY spread
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78.65%
78.49%
77.59% 77.73%
76.96%
78.19%
77.48%
77.04% 77.15%
75.94%
73.52%
71.47% 71.28%
67.87%
66.00%
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2Q17 3Q17 4Q17 1Q18 2Q18
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2.45%
1.96% 2.03% 2.07% 2.11%
1.77%
1.73% 1.73%
1.72% 1.72%
1.69% 1.69% 1.70% 1.69% 1.69%
2Q17 3Q17 4Q17 1Q18 2Q18
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TCB Bank’s NIM (NT$ Hundred million,%)
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NIM &interest earning assets
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1.28%
1.24% 1.24% 1.22% 1.23%
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6,244
6,174
6,097 6,113
6,016
2Q17 3Q17 4Q17 1Q18 2Q18
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Fee income breakdown (NT$ Million,%)
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Fee income
YoY 10.7%
1,527 1,459 1,691 HoH 15.9%
Others
249 YoY 9.7%
HoH 4.2%
227
239
246
Loans Others
143 YoY 72.0%
15%
170 HoH 44.7%
Insurance &
Loan
360 429 Securities
Trust 15%
410 YoY19.2% 45%
HoH 4.6%
Trust
25%
Insurance &
Securities
797 767 YoY -3.8%
640 HoH19.8%
Fee breakdown (1H18)
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1H17
2H17
1H18
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(NT$ Million) Wealth Management fee income
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Total
YoY 3.9%
1,126 1,026 1,170 HoH 14.0%
276 308 Mutual Fund
YoY 11.6%
HoH -8.3%
336
Insurance &
Securities
YoY -3.8%
767 HoH 19.8%
797
640
Others
YoY 79.2%
HoH 90.0%
95
53 50
1H17 2H17 1H18
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(NT$ Million, %) Asset quality
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NPLs/Total Loans & NPLs
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-21 bps
0.58%
0.55%
0.42% 0.42%
0.37%
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Reserve/NPLs & Loan Reserve
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129.34%
378.28%
344.14% 343.87%
268.02%
248.94%
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2,501
2,269
1,845
1,842
1,655
2Q16 4Q16 2Q17 4Q17 2Q18
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6,338 6,345
6,260
6,227
6,083
2Q16 4Q16 2Q17 4Q17 2Q18
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(%) Capital adequacy
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Consolidated
Tier I Capital Ratio Tier II Capital Ratio
11.94% 10.96% 12.68% 12.41% 1.53% 1.42% 2.15% 1.61% 11.15% 10.99% 9.79% 9.35% 2015 2016 2017 2Q18
Individual
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Tier I Capital Ratio Tier II Capital Ratio
12.01% 11.75% 11.15% 10.25% 1.03% 0.93% 1.66% 1.16% 10.98% 10.82% 9.49% 9.09% 2015 2016 2017 2Q18
0.93% 10.82% 2Q18
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Agenda
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Financial Highlights
Financial Review
Financial Information
Appendix
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Balance Sheet (Consolidated)
| Balance S | Balance S | eet(Consolidated) | eet(Consolidated) | eet(Consolidated) | eet(Consolidated) | eet(Consolidated) | |
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| YearlyResults | |||||||
| NT$million | 2015 | 2016 | 2017 | 1H18 | HoH | ||
Assets： |
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| Cash and due from banks | 96,325 | 100,323 | 45,123 | 44,777 | -0.77% | ||
| Financial investment, net | 68,017 | 77,742 | 159,651 | 168,614 | 5.61% | ||
| Loans, net | 391,084 | 425,166 | 430,858 | 444,338 | 3.13% | ||
| A/R, net | 6,653 | 9,802 | 13,658 | 12,808 | -6.22% | ||
| LT investments, net | 137 | 131 | 128 | 157 | 22.66% | ||
| Land,premises and equipments, net | 9,272 | 9,437 | 9,388 | 9,395 | 0.07% | ||
| Others | 4,143 | 4,502 | 4,218 | 3,356 | -20.44% | ||
| Total assets | 575,631 | 627,103 | 663,024 | 683,445 | 3.08% | ||
Liabilities： |
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| Deposits | 504,864 | 539,809 | 566,095 | 581,279 | 2.68% | ||
| Other liabilities | 30,821 | 45,912 | 53,527 | 57,907 | 8.18% | ||
| Total liabilities | 535,685 | 585,721 | 619,622 | 639,186 | 3.16% | ||
| Total stockholders' equity | 39,946 | 41,382 | 43,402 | 44,259 | 1.97% | ||
| Total liabilities and stockholders' e | q 575,631 |
627,103 | 663,024 | 683,445 | 3.08% |
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P&L (Consolidated)
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| Year Results | Year Results | Year Results | Year Results | Year Results | Year Results | Year Results | |||
|---|---|---|---|---|---|---|---|---|---|
| NT$million | 2015 | 2016 | 2017 | 1H17 | 1H18 | YoY | |||
| Operatingincome | |||||||||
| Net interest income | 7,475 | 7,787 | 8,186 | 4,058 | 4,100 | 1.03% | |||
| Net fee income | 2,043 | 2,272 | 2,449 | 1,123 | 1,347 | 19.9% | |||
| LT investment income | (4) | (6) | (3) | (1) | (3) | -200.0% | |||
| Net trading income/(loss) | 309 | 663 | 491 | 315 | 63 | -80.0% | |||
| Asset impairment loss or reversal profit |
39 | 106 | (51) | (23) | (6) | 73.9% | |||
| Others | 241 | (29) | 323 | (137) | 159 | 216.1% | |||
| Total operatingincome | 10,103 | 10,793 | 11,395 | 5,335 | 5,660 | 6.09% | |||
| Non interest expenses | |||||||||
| Operating expenses | (5,222) | (5,848) | (5,915) | (2,896) | (3,208) | 10.8% | |||
| Total non interest expenses | (5,222) | (5,848) | (5,915) | (2,896) | (3,208) | 10.8% | |||
| Pre-provision Profit | 4,881 | 4,945 | 5,480 | 2,439 | 2,452 | 0.53% | |||
| Credit Loss Provisions, net | (744) | (801) | (1,125) | (423) | (267) | -36.9% | |||
| Profit Before Income Tax | 4,137 | 4,144 | 4,355 | 2,016 | 2,185 | 8.4% | |||
| Net Profit After Income Tax | 3,477 | 3,515 | 3,633 | 1,669 | 1,910 | 14.4% |
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Agenda
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Financial Highlights
Financial Review
Financial Information
Appendix
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2018 Half Year
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In view of expanding the niche for market abroad and the new southbound 2018 policy cooperation by government that we approved to set up the first overseas 年上半年營運亮點 branch in Malaysia. Furthermore, we have obtained the approval letter from LFSA to set up Labuan branch in April,2018. The operational objective will be focus on foreign currency loan and we are highly proactive about tapping overseas market to develop International business.
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2018 Half Year
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To balance the north and south Taiwan's business territory and expand the scope the sales channel ,in the first half we were active in establishing the branches which 2018
年上半年營運亮點located in Xindian Dist ,New Taipei city and Zuoying Dist Kaoshiung city . By this strategy ,we exploit our advantages that we have the experience of long-term serving SME. Besides, the overall size of bank and the revenue contribution will be
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promoted.
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Achievements
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Long-term credit rating 2018 A-(twn) and the outlook is stable.
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Quality improvement for operation and credit risk reduction by centralized loan. Connected to sales channel with completed the establishment of the “North Taiwan 2018 年上半年營運亮點 Consumer Banking Center”“South Taiwan Consumer Banking Center” and “Central Taiwan Consumer Banking Center”.
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To serve the diversified service for our clients through combined to the mobile payment platform.
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Bolstering risk control. Reverently observing the law.
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Making good use of our advantages. Strengthening the development of the business. 2018 年上半年營運亮點
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The talent training and planning. Emphasizing an increase in the number of employee and promoted the quality of the service.
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Our vision
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Thanks for your listening.
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