Q2 2020 Fubon Financial Holding Co Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Fubon Financial's First Half of 2020 Financial Results. (Operator Instructions) This call is being recorded. If you have any objections, you may disconnect at this point.
Now I'll hand the call over to Ms. Amanda Wang, IR Officer of Fubon Financial Holdings. You may now begin.
Thank you. Welcome, everyone. Thank you for joining the call today. I will walk you through the key highlights of Fubon's first half results.
Please turn to Page 4 of the presentation. Fubon Financial met net profit of TWD 37.7 billion (sic - see slide 4, "37.3bn") in the first half this year, which represents a 35% growth Y-o-Y in spite of the COVID-19 pandemic. And the key earnings drivers from the major 4 subsidiaries, you can see here, number one, in terms of Fubon Bank, we deliver a balance sheet growth and also the mix adjustment and the asset quality remains benign.
And we grow the sales, the investment high-growth management offerings that offset the
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