Q3 2019 CTBC Financial Holding Co Ltd Earnings Call Transcript
Welcome, everyone, to CTBC Financial Holding Co.'s 2019 Third Quarter Earnings Conference Call. (Operator Instructions)
Today's host will be Ms. Ya-Ling Chiu, Executive Vice President and Spokesperson of CTBC Financial Holding Co.; and Mr. Pai-Hung Yeh, Executive Vice President of Taiwan Life Insurance Co. And the presentation will begin now.
Thank you, everyone, for joining CTBC's 3Q '19 Earnings Call. Please turn to Page 3 on key financial highlights.
Overall, at the holding level, revenue in the first 9 months reached TWD 81 billion. Holding maintained sustainable revenue growth Y-o-Y excluding Life, attributing to solid core NII and fee income, which combined constitute 85.1% of revenue with 9.1% growth. For CTBC Bank, total loan grew 2% Q-o-Q and 8.1% Y-o-Y and total deposits grew 3% Q-o-Q and 9.7% Y-o-Y. Taiwan Life's after-tax net profit increased 39% Y-o-Y due to improved product mix,
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