CTBC Financial Holding Co Ltd (TPE:2891)
NT$ 37.4 -0.35 (-0.93%) Market Cap: 733.81 Bil Enterprise Value: 304.34 Bil PE Ratio: 11.23 PB Ratio: 1.54 GF Score: 72/100

Q3 2019 CTBC Financial Holding Co Ltd Earnings Call Transcript

Nov 11, 2019 / 09:00AM GMT
Release Date Price: NT$21.6 (-1.14%)
Operator

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.

Ya;Ling Chiu
CTBC Financial Holding Co., Ltd. - Acting Spokesperson, Financial Officer & Head of Financial Management Department

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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