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

Q1 2020 CTBC Financial Holding Co Ltd Earnings Call Transcript

May 11, 2020 / 09:00AM GMT
Release Date Price: NT$20 (+1.01%)
Operator

Welcome, everyone, to CTBC Financial Holding Co.'s 2020 First Quarter Earnings Conference Call. (Operator Instructions)

And today's host will be Ms. Ya-Ling Chiu, Executive Vice President and Spokesperson of CTBC Financial Holding Company; and Mr. Pai-Hung Yeh, Executive Vice President of Taiwan Life Insurance Company. And the presentation will begin now.

Justine Shen
CTBC Financial Holding Co., Ltd. - Head of IR Department

Thank you, everyone, for joining CTBC's First Quarter 2020 Earnings Call. Please turn to Page 3 on 1Q '20 highlights.

Overall, CTBC holding continued to deliver strong earnings amid COVID-19's impact on global economy. At holding level, ROE reached 14.67%. ROA at 0.77%, EPS at $0.62.

Net profit grew 9.8% Y-o-Y, attributed to both banking and life businesses. Holding also maintained well capitalized with CAR ratio at 115.92% and maintained decent double leverage ratio at 117.5%.

For CTBC Bank, it observed solid core revenue growth as NII was up 4.9% Y-o-Y and fee income up 6.9% Y-o-Y.

Loan

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