Q1 2022 CTBC Financial Holding Co Ltd Earnings Call Transcript
Welcome, everyone, to CTBC Financial Holding Company's 2022 First Quarter Earnings Conference Call. (Operator Instructions) And today's host will be Ms. Ya-Ling Chiu, CFO 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.
Thank you, everyone, for joining CTBC's first quarter 2022 earnings call. Please turn to Page 4 on financial highlights.
CTBC Holding continues to deliver solid financial results with ROE and ROA at 16.5% and 0.93%, respectively. EPS was $0.34. After-tax profit was down 17% Y-o-Y, reflecting fluctuations in the capital markets, while underlying core business remained resilient.
Holding remained well capitalized with CAR at 136.2% and double leverage ratio at 116.2%. CTBC Bank observed growth momentum in its core business with net interest income up 16% Y-o-Y, supported by strong lending growth and widened net interest margin. Growth in credit cards, retail, corporate and lottery
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