CTBC Financial Holding Co Ltd (TPE:2891)
NT$ 36.6 0.5 (1.39%) Market Cap: 736.41 Bil Enterprise Value: 293.48 Bil PE Ratio: 11.48 PB Ratio: 1.63 GF Score: 70/100

Q2 2020 CTBC Financial Holding Co Ltd Earnings Call Transcript

Aug 12, 2020 / 09:00AM GMT
Release Date Price: NT$19.4
Operator

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.

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

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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