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T.C.C.B. — Interim / Quarterly Report 2021
Aug 26, 2021
52197_rns_2021-08-26_28989b88-3526-467e-979f-d922e6f7a7cb.pdf
Interim / Quarterly Report
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2021.8.30
Disclaimer
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This presentation is provided by Taichung Commercial Bank(TCB). 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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2
Agenda
■Financial Highlights
■Financial Review
■Financial Information
■Appendix
3
2021 Half Year Financial Highlight
Profitability
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Net Profit after tax 2.3 billions, 23.63% growth over the same period last year.
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EPS 0.55, 17.02% growth over the same period last year.
Asset quality
- NPL ratio 0.26%、NPL coverage ratio 516.18%.
Capital adequacy
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Consolidated：Capital Adequacy Ratio 15.28%、Tier I Capital Ratio 14.11%、Common Equity Ratio 11.81%.
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Individual：Capital Adequacy Ratio 14.83%、Tier I Capital Ratio
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14.23%、Common Equity Ratio 12.10%.
4
Agenda
■Financial Highlights
■Financial Review
■Financial Information
■Appendix
5
Profitability
Net Profit
( NT$ Million )
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+23.63% 2,276
1,841
1H20 1H21
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YOY +7.78% YOY -6.81%
4,320
4,026
4,008
2018 2019 2020
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EPS
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( NT$ )
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+17.02% 0.55
0.47
1H20 1H21
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YOY -1.69% YOY -11.21%
1.16
1.18
1.03
2018 2019(Note) 2020
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Note：The EPS of 2019 was adjusted retroactively as 1.11. The growth rate between 2019 and 2020 declined by 7.21%.
6
Profitability
ROA
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0.62%
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0.54%
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1H20(Note) 1H21(Note)
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0.64%
0.60%
0.57%
2018 2019 2020
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ROE
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7.76%
7.10%
1H20(Note) 1H21(Note)
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8.79% 8.72%
7.41%
2018 2019 2020
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Note：ROE and ROA are annualized.
7
(NT$ Million) Change in Net Profit
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1H20 1H21
1H20 1H21
YoY 20.40% YoY 5.12% YoY 403.48% YoY 19.20%
6,021 2,589
2,172
5,001
2,714 2,853
579
115
Total Net Operating Provision Profit before tax
Revenue Expenses
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8
(NT$ Hundred Million) Deposit Breakdown
Total Deposit 6,497 YoY 5.49% 6,382 6,416 QoQ 1.26% 6,159 6,189 640 660 711 Foreign 666 651 currency deposits YoY 6.76% QoQ 7.73% 2,740 2,760 2,703 Time & 2,807 2,773 saving deposits (local currency) YoY -3.71% QoQ -2.07% Checking & demand 3,002 2,996 3,083 2,686 2,765 deposits (local currency) YoY 14.78% QoQ 2.90% 2Q20 3Q20 4Q20 1Q21 2Q21
9
Deposit Structure
(%)
Checking & demand deposits (local currency) Time & saving deposits(local currency) Foreign currency deposits
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47.04% 46.70% 47.45%
45.58%
44.68% 44.80%
43.61% 42.93% 43.02%
41.60%
10.81% 10.52% 10.03% 10.28% 10.95%
2Q20 3Q20 4Q20 1Q21 2Q21
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10
Loan Structure (NT$ Hundred Million)
Corporate Banking Consumer Banking
| 2,254 2,304 2,361 2,156 2,314 2,360 51.11% 48.89% 49.89% 50.11% 50.01% 49.99% |
2,254 2,304 2,361 2,156 2,314 2,360 51.11% 48.89% 49.89% 50.11% 50.01% 49.99% |
2,254 2,304 2,361 2,156 2,314 2,360 51.11% 48.89% 49.89% 50.11% 50.01% 49.99% |
2,254 2,304 2,361 2,156 2,314 2,360 51.11% 48.89% 49.89% 50.11% 50.01% 49.99% |
2,254 2,304 2,361 2,156 2,314 2,360 51.11% 48.89% 49.89% 50.11% 50.01% 49.99% |
|
|---|---|---|---|---|---|
| 2019 2020 1H21 2019 2020 1H21 HoH Corporate Banking 2,254 2,304 2,361 2.47% Consumer Banking 2,156 2,314 2,360 1.99% Total 4,410 4,618 4,721 2.23% |
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| 2019 | 2020 | 1H21 | HoH | ||
| Corporate Banking | 2,254 | 2,304 | 2,361 | 2.47% | |
| Consumer Banking | 2,156 | 2,314 | 2,360 | 1.99% | |
| Total | 4,410 | 4,618 | 4,721 | 2.23% |
11
Loan Structure by Currency
(NT$ Hundred Million)
Foreign Currency Loan NTD Loan
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4,259 4,328
4,031
91.41% 92.23% 91.68%
379 359 393
8.59% 7.77% 8.32%
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| 2019 2020 1H21 |
2019 2020 1H21 |
2019 2020 1H21 |
2019 2020 1H21 |
2019 2020 1H21 |
|---|---|---|---|---|
| 2019 | 2020 | 1H21 | HoH | |
| NTD Loan | 4,031 | 4,259 | 4,328 | 1.62% |
| Foreign Currency Loan | 379 | 359 | 393 | 9.47% |
| Total | 4,410 | 4,618 | 4,721 | 2.23% |
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Loan Breakdown (NT$ Hundred Million)
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Total Loan
4,721 YoY 4.12%
4,561 4,618 4,726 QoQ -0.11%
4,534
191 168 Corporate(Note1)
189 Mortgage
185 YoY -24.66%
223 Consumption
QoQ -12.04% 12.73% Loan
3.33%
OBU &
SME
YoY 5.25% overseas
1,884 1,883
1,834 QoQ -0.05%
1,789 1,824 branch
Other
OBU & overseas 6.56%
branch(Note2) Personal
YoY 1.31%
Loan
QoQ -3.13%
281 320 310
306 299 33.93%
Mortgage SME
573 586 601 YoY 9.07%
551 562 QoQ 2.56% 39.89%
150 152 157
141 145
Consumption Loan
YoY 11.35%
Corporate
QoQ 3.29%
3.56%
1,524 1,546 1,591 1,593 1,602 Other Personal Loan
YoY 5.12%
QoQ 0.56%
Loan Structure 2Q21
2Q20 3Q20 4Q20 1Q21 2Q21
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Note 1：The balance of Corporate loan included NT$ 1 billion government loans.
Note 2：The loan balance of OBU & overseas branch were 27.9 billions and 3.1 billions in NT$ ,respectively.
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Loan Breakdown (NT$ Hundred Million)
| 664 654 696 3,746 3,964 4,025 2019 2020 1H21 Non-secured Secured 14.74% 15.06% 84.94% 14.16% 85.84% 85.26% |
664 654 696 3,746 3,964 4,025 2019 2020 1H21 Non-secured Secured 14.74% 15.06% 84.94% 14.16% 85.84% 85.26% |
664 654 696 3,746 3,964 4,025 2019 2020 1H21 Non-secured Secured 14.74% 15.06% 84.94% 14.16% 85.84% 85.26% |
664 654 696 3,746 3,964 4,025 2019 2020 1H21 Non-secured Secured 14.74% 15.06% 84.94% 14.16% 85.84% 85.26% |
664 654 696 3,746 3,964 4,025 2019 2020 1H21 Non-secured Secured 14.74% 15.06% 84.94% 14.16% 85.84% 85.26% |
|
|---|---|---|---|---|---|
| 2019 | 2020 | 1H21 | HoH | ||
| Non-secured | 664 | 654 | 696 | 6.42% | |
| Secured | 3,746 | 3,964 | 4,025 | 1.54% | |
| Secured by property | 3,437 | 3,622 | 3,664 | 1.16% | |
| Secured by Letter of Guarantee |
149 | 166 | 170 | 2.41% | |
| Others | 160 | 176 | 191 | 8.52% | |
| Total | 4,410 | 4,618 | 4,721 | 2.23% |
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Loan to Deposit Ratio(LDR)
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Overall LDR NTD LDR Foreign Currency LDR
75.61% 75.53%
75.07%
74.84%
74.35%
73.59% 73.68% 73.71%
72.71%
72.51%
61.88%
56.89% 57.99% 56.03% 55.32%
2Q20 3Q20 4Q20 1Q21 2Q21
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Spreads
NTD Spreads
Foreign Currency Spreads Overall Spreads
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2.20%
2.14%
2.12%
2.04%
1.92%
1.78% 1.78% [1.79%]
1.76% 1.74%
[1.73%] [1.73%]
1.75% 1.75% [1.77%] 1.69% 1.68% 1.69% 1.70% [1.71%]
1.73% 1.59% 1.63% 1.64% [1.72%]
1.60% 1.60% 1.62% [1.69%] [1.70%] [1.72%]
1.59% 1.58% 1.59% 1.68% 1.67% [1.68%]
1.61% [1.62%] 1.62% 1.60% [1.61%] [1.61%]
1.59%
1.57% 1.57%
1.55% 1.54% 1.55% 1.54% 1.55%
1.50%
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2020/1 2020/2 2020/3 2020/4 2020/5 2020/6 2020/7 2020/8 2020/9 2020/10 2020/11 2020/12 2021/1 2021/2 2021/3 2021/4 2021/5 2021/6
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TCB Bank’s NIM (NT$ Hundred million)
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NIM
1.23%
1.21%
1.18% 1.18%
1.17%
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Average of Interest earning assets
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6,882 6,890
6,497 6,530
6,441
2Q20 3Q20 4Q20 1Q21 2Q21
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17
Operating Expenses to Net Income
(NT$ Million)
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Net Income Operating Expenses Cost-Income Ratio
56.77%
54.07%
50.07%
48.22%
46.54%
3,026 2,995
2,900
2,828
2,468
1,401 1,416 1,568 1,459 1,394
2Q20 3Q20 4Q20 1Q21 2Q21
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18
(NT$ Million) Asset quality
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NPL ratio &NPLs
NPL ratio NPLs
-0.11%
0.44%
0.37%
0.31%
0.26%
0.21% 0.22%
2,003
1,645
1,382
1,232
983 1,029
2Q19 4Q19 2Q20 4Q20 1Q21 2Q21
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19
(NT$ Million) Asset quality
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NPL Coverage Ratio & Loan Loss Provision
NPL Coverage Ratio Loan Loss Provision
+112.50%
644.76% 646.93%
516.18%
475.54%
403.68%
324.25%
6,654
6,643
6,573
6,494
6,362
6,335
2Q19 4Q19 2Q20 4Q20 1Q21 2Q21
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20
Fee Income Breakdown (NT$ Million)
YoY 18.97%
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Fee Income
908
YoY 28.48% 1,756
845 824 848 QoQ -6.61% Loans
231 Loans 1,476
166 188 YoY 6.82% 419
202 QoQ -18.61%
660
352
Trust
176 Trust
299 269 YoY 26.89% 590
321
QoQ -16.20%
305
464
Insurance
212
&
Insurance &
Securities Securities
YoY 52.26%
303 569
301 225 266 QoQ 13.91% 514
199
Others
Others
YoY 20.55%
73 79 92 90 88 QoQ -2.22% 146 178
1H20 1H21
2Q20 3Q20 4Q20 1Q21 2Q21
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21
Wealth Management Fee Income
(NT$ Million)
YoY 17.57% 1,104
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583 1,104
561 Total
543 YoY 39.23%
509 QoQ -3.21%
939
158
406
Mutual Fund
222 184 YoY 48.39%
390 QoQ -17.12% 285
205
124
Insurance &
301 Securities
YoY 52.26%
QoQ 13.91% 569
514
266 303
225
199
Others
YoY -16.42%
124
QoQ -23.59%
67 79 73 56 140 129
2Q20 3Q20 4Q20 1Q21 2Q21 1H20 1H21
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Mutual Fund
Insurance 569 514 & Securities
Others
22
Profit of Subsidiary to TCB
(NT$ Million)
| Net Profit after tax | 1H20 | 1H21 | YoY |
|---|---|---|---|
| TCB | 1,699 | 1,980 | 16.54% |
| Subsidiary | 142 | 296 | 108.45% |
| Total | 1,841 | 2,276 | 23.63% |
| TCB 92.29% Subsidiary of TCB 7.71% TCB 86.99% Subsidiary of TCB 13.01% |
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1H20 Profit Breakdown
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1H21 Profit Breakdown
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23
Capital Adequacy
Consolidated
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BIS
BIS Tier I Capital Ratio Common Equity Ratio +1.65%
15.28%
13.91% 14.15% 13.93%
13.63% 13.57%
14.11%
12.48% 12.77% 12.57% 13.08% 12.87%
11.81%
10.86% 10.73%
10.10% 10.41% 10.28%
1H19 2019 1H20 2020 1Q21 1H21
Individual
BIS
BIS Tier I Capital Ratio Common Equity Ratio
+1.85%
14.83%
13.60% 13.38%
13.23%
12.98% 12.94%
14.23%
13.06% 12.82%
12.37% 12.64% 12.45%
12.10%
11.03% 10.87%
10.18% 10.49% 10.34%
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1H19
2019
1H20
1Q21
1H21
2020
24
Agenda
■Financial Highlights
■Financial Review
■Financial Information
■Appendix
25
Balance Sheet (Individual)
| (NT$ Million) | (NT$ Million) | (NT$ Million) | (NT$ Million) | (NT$ Million) | (NT$ Million) |
|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 1H21 | YTD | |
| Assets： | |||||
| Cash and due from banks | 46,740 | 44,134 | 51,588 | 48,409 | -6.16% |
| Financial investment, net | 163,891 | 173,347 | 195,628 | 201,968 | 3.24% |
| Loans, net | 451,729 | 434,469 | 455,442 | 465,750 | 2.26% |
| A/R, net | 5,028 | 4,064 | 3,546 | 2,990 | -15.68% |
| LT investments, net | 5,225 | 5,491 | 5,440 | 5,622 | 3.35% |
| Properties and equipment ,net |
9,368 | 10,620 | 12,277 | 12,340 | 0.51% |
| Others | 2,178 | 2,898 | 3,755 | 3,915 | 4.26% |
| Total assets | 684,159 | 675,023 | 727,676 | 740,994 | 1.83% |
| Liabilities： | |||||
| Deposits | 589,243 | 584,866 | 638,274 | 649,746 | 1.80% |
| Other Liabilities | 47,092 | 38,848 | 32,080 | 31,339 | -2.31% |
| Total Liabilities | 636,335 | 623,714 | 670,354 | 681,085 | 1.60% |
| Total Equity | 47,824 | 51,309 | 57,322 | 59,909 | 4.51% |
| Total liabilities and equity | 684,159 | 675,023 | 727,676 | 740,994 | 1.83% |
26
P&L (Individual)
(NT$ Million)
| 2018 | 2019 | 2020 | 1H20 | 1H21 | YoY | |
|---|---|---|---|---|---|---|
| Net interest income | 7,991 | 7,902 | 7,848 | 3,927 | 4,285 | 9.12% |
| Net fee income | 1,793 | 1,926 | 2,117 | 972 | 1,191 | 22.53% |
| Others | 891 | 1,283 | 764 | 102 | 545 | 434.31% |
| Total OperatingIncome | 10,675 | 11,111 | 10,729 | 5,001 | 6,021 | 20.40% |
| Operatingexpenses | (5,626) | (5,567) | (5,698) | (2,714) | (2,853) | 5.12% |
| Pre-provision Profit | 5,049 | 5,544 | 5,031 | 2,287 | 3,168 | 38.52% |
| Credit Loss Provisions, net |
(411) | (477) | (366) | (115) | (579) | 403.48% |
| Profit Before Income Tax | 4,638 | 5,067 | 4,665 | 2,172 | 2,589 | 19.20% |
| Tax Fee | (630) | (747) | (639) | (331) | (313) | -5.44% |
| Net Profit After Income Tax |
4,008 | 4,320 | 4,026 | 1,841 | 2,276 | 23.63% |
| Other Profits | 34 | 153 | 448 | 282 | 311 | 10.28% |
| Current period other comprehensive income |
4,042 | 4,473 | 4,474 | 2,123 | 2,587 | 21.86% |
27
Balance Sheet (Consolidated)
| (NT$ Million) 2018 2019 2020 1H21 YTD Assets： Cash and due from banks 47,644 45,237 52,081 48,867 -6.17% Financial investment,net 165,027 174,356 197,275 203,785 3.30% Loans,net 452,595 435,398 456,541 467,028 2.30% A/R,net 12,781 12,820 13,484 16,336 21.15% LT investments,net 153 157 163 162 -0.61% Properties and equipment ,net 9,447 10,684 12,333 12,391 0.47% Others 3,185 4,037 4,893 5,025 2.70% Total assets 690,832 682,689 736,770 753,594 2.28% Liabilities： Deposits 587,968 583,322 636,589 648,078 1.80% Other Liabilities 55,040 48,058 42,859 45,607 6.41% Total Liabilities 643,008 631,380 679,448 693,685 2.10% Total Equity 47,824 51,309 57,322 59,909 4.51% Total liabilities and equity 690,832 682,689 736,770 753,594 2.28% |
(NT$ Million) 2018 2019 2020 1H21 YTD Assets： Cash and due from banks 47,644 45,237 52,081 48,867 -6.17% Financial investment,net 165,027 174,356 197,275 203,785 3.30% Loans,net 452,595 435,398 456,541 467,028 2.30% A/R,net 12,781 12,820 13,484 16,336 21.15% LT investments,net 153 157 163 162 -0.61% Properties and equipment ,net 9,447 10,684 12,333 12,391 0.47% Others 3,185 4,037 4,893 5,025 2.70% Total assets 690,832 682,689 736,770 753,594 2.28% Liabilities： Deposits 587,968 583,322 636,589 648,078 1.80% Other Liabilities 55,040 48,058 42,859 45,607 6.41% Total Liabilities 643,008 631,380 679,448 693,685 2.10% Total Equity 47,824 51,309 57,322 59,909 4.51% Total liabilities and equity 690,832 682,689 736,770 753,594 2.28% |
(NT$ Million) 2018 2019 2020 1H21 YTD Assets： Cash and due from banks 47,644 45,237 52,081 48,867 -6.17% Financial investment,net 165,027 174,356 197,275 203,785 3.30% Loans,net 452,595 435,398 456,541 467,028 2.30% A/R,net 12,781 12,820 13,484 16,336 21.15% LT investments,net 153 157 163 162 -0.61% Properties and equipment ,net 9,447 10,684 12,333 12,391 0.47% Others 3,185 4,037 4,893 5,025 2.70% Total assets 690,832 682,689 736,770 753,594 2.28% Liabilities： Deposits 587,968 583,322 636,589 648,078 1.80% Other Liabilities 55,040 48,058 42,859 45,607 6.41% Total Liabilities 643,008 631,380 679,448 693,685 2.10% Total Equity 47,824 51,309 57,322 59,909 4.51% Total liabilities and equity 690,832 682,689 736,770 753,594 2.28% |
(NT$ Million) 2018 2019 2020 1H21 YTD Assets： Cash and due from banks 47,644 45,237 52,081 48,867 -6.17% Financial investment,net 165,027 174,356 197,275 203,785 3.30% Loans,net 452,595 435,398 456,541 467,028 2.30% A/R,net 12,781 12,820 13,484 16,336 21.15% LT investments,net 153 157 163 162 -0.61% Properties and equipment ,net 9,447 10,684 12,333 12,391 0.47% Others 3,185 4,037 4,893 5,025 2.70% Total assets 690,832 682,689 736,770 753,594 2.28% Liabilities： Deposits 587,968 583,322 636,589 648,078 1.80% Other Liabilities 55,040 48,058 42,859 45,607 6.41% Total Liabilities 643,008 631,380 679,448 693,685 2.10% Total Equity 47,824 51,309 57,322 59,909 4.51% Total liabilities and equity 690,832 682,689 736,770 753,594 2.28% |
(NT$ Million) 2018 2019 2020 1H21 YTD Assets： Cash and due from banks 47,644 45,237 52,081 48,867 -6.17% Financial investment,net 165,027 174,356 197,275 203,785 3.30% Loans,net 452,595 435,398 456,541 467,028 2.30% A/R,net 12,781 12,820 13,484 16,336 21.15% LT investments,net 153 157 163 162 -0.61% Properties and equipment ,net 9,447 10,684 12,333 12,391 0.47% Others 3,185 4,037 4,893 5,025 2.70% Total assets 690,832 682,689 736,770 753,594 2.28% Liabilities： Deposits 587,968 583,322 636,589 648,078 1.80% Other Liabilities 55,040 48,058 42,859 45,607 6.41% Total Liabilities 643,008 631,380 679,448 693,685 2.10% Total Equity 47,824 51,309 57,322 59,909 4.51% Total liabilities and equity 690,832 682,689 736,770 753,594 2.28% |
(NT$ Million) 2018 2019 2020 1H21 YTD Assets： Cash and due from banks 47,644 45,237 52,081 48,867 -6.17% Financial investment,net 165,027 174,356 197,275 203,785 3.30% Loans,net 452,595 435,398 456,541 467,028 2.30% A/R,net 12,781 12,820 13,484 16,336 21.15% LT investments,net 153 157 163 162 -0.61% Properties and equipment ,net 9,447 10,684 12,333 12,391 0.47% Others 3,185 4,037 4,893 5,025 2.70% Total assets 690,832 682,689 736,770 753,594 2.28% Liabilities： Deposits 587,968 583,322 636,589 648,078 1.80% Other Liabilities 55,040 48,058 42,859 45,607 6.41% Total Liabilities 643,008 631,380 679,448 693,685 2.10% Total Equity 47,824 51,309 57,322 59,909 4.51% Total liabilities and equity 690,832 682,689 736,770 753,594 2.28% |
|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 1H21 | YTD | |
| Assets： | |||||
| Cash and due from banks | 47,644 | 45,237 | 52,081 | 48,867 | -6.17% |
| Financial investment,net | 165,027 | 174,356 | 197,275 | 203,785 | 3.30% |
| Loans,net | 452,595 | 435,398 | 456,541 | 467,028 | 2.30% |
| A/R,net | 12,781 | 12,820 | 13,484 | 16,336 | 21.15% |
| LT investments,net | 153 | 157 | 163 | 162 | -0.61% |
| Properties and equipment ,net |
9,447 | 10,684 | 12,333 | 12,391 | 0.47% |
| Others | 3,185 | 4,037 | 4,893 | 5,025 | 2.70% |
| Total assets | 690,832 | 682,689 | 736,770 | 753,594 | 2.28% |
| Liabilities： | |||||
| Deposits | 587,968 | 583,322 | 636,589 | 648,078 | 1.80% |
| Other Liabilities | 55,040 | 48,058 | 42,859 | 45,607 | 6.41% |
| Total Liabilities | 643,008 | 631,380 | 679,448 | 693,685 | 2.10% |
| Total Equity | 47,824 | 51,309 | 57,322 | 59,909 | 4.51% |
| Total liabilities and equity | 690,832 | 682,689 | 736,770 | 753,594 | 2.28% |
28
P&L (Consolidated)
(NT$ Million)
| 2018 | 2019 | 2020 | 1H20 | 1H21 | YoY | |
|---|---|---|---|---|---|---|
| Net interest income | 8,434 | 8,351 | 8,279 | 4,126 | 4,563 | 10.59% |
| Net fee income | 2,846 | 2,913 | 2,906 | 1,357 | 1,627 | 19.90% |
| Others | 409 | 831 | 459 | (36) | 400 | 1211.11% |
| Total OperatingIncome | 11,689 | 12,095 | 11,644 | 5,447 | 6,590 | 20.98% |
| Operatingexpenses | (6,457) | (6,273) | (6,366) | (3,056) | (3,282) | 7.40% |
| Pre-provision Profit | 5,232 | 5,822 | 5,278 | 2,391 | 3,308 | 38.35% |
| Credit Loss Provisions, net |
(472) | (615) | (519) | (180) | (673) | 273.89% |
| Profit Before Income Tax | 4,760 | 5,207 | 4,759 | 2,211 | 2,635 | 19.18% |
| Tax Fee | (752) | (887) | (733) | (370) | (359) | -2.97% |
| Net Profit After Income Tax |
4,008 | 4,320 | 4,026 | 1,841 | 2,276 | 23.63% |
| Other Profits | 34 | 153 | 448 | 282 | 311 | 10.28% |
| Current period other comprehensive income |
4,042 | 4,473 | 4,474 | 2,123 | 2,587 | 21.86% |
29
Agenda
■Financial Highlights ■Financial Review ■Financial Information
■Appendix
30
Fintech Financial Life Organizational reformation & Digital transformation
With the successive opening of Internet-only banks as well as increasingly qualitative changes in the financial market, traditional banks have faced internal and external challenges. Riding on the wave of transformation in the financial industry, the Bank established a new " Digital Financial Department " in August 2021. The organizational structure of the original Business Development Department and Information Department was also adjusted, and the current Information Department was divided into the " System Development Department " and the " Information Operation Department " based on their dedicated responsibilities. Through propelling the organizational reformation, the Bank aims at enhancing the flexibility and efficiency of the technological structure for the overall business.
The Bank is currently advancing towards a comprehensive transformation plan, which will bring brand new influence on digital transformation. In the future, it will provide customers with more innovative and more convenient financial services.
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￭ Digital Financial Department
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￭ System Development Department
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￭ Information Operation Department
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