Q2 2020 CTBC Financial Holding Co Ltd Earnings Call Transcript
Welcome, everyone, to CTBC Financial Holding Co.'s 2020 Second Quarter Earnings Conference Call. (Operator Instructions) And today's host will be Ms. Ya-Ling Chiu, the CFO 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 Second Quarter 2020 Earnings Call.
Please turn to Page 3 on second quarter 2020 highlight. Overall, CTBC Holding continued to deliver stable earnings amid COVID-19's impact on global economy. At Holding level, ROE reached 10.95%, ROA at 0.61%, EPS at $0.93. Net profit was down 6% year-on-year, mainly due to higher tax expenses on undistributed earnings. Holding also maintained well-capitalized with CAR ratio at 112.29% and maintained decent double leverage ratio at 116.92%. For CTBC Bank, it observed solid core revenue growth as NT dollar loan growth was
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