台新新光金控

Taishin FHC’s 2024 Q4 Investor Conference was co-hosted by President of Taishin FHC Welch Lin, Chief Financial Officer Carol Lai, President of Taishin Bank Sharon Lin, CEO of Retail Banking Group Maggie Pao, CEO of Wholesale Banking Group Steven Chang, CEO of Finance and Financial Market Group Henry Chan, President of Taishin Life Insurance Dai Chao-Hui, and Chairman of Taishin Securities Jerry Guo. The operating results for last year (2024) were announced at the meeting, with a net profit after tax of NT$20.1 billion for the year. This represented an EPS of NT$1.39, a ROE of 10.31%, and a net worth per share of NT$14. In terms of capital structure and credit asset quality, the capital adequacy ratios of Taishin FHC, Taishin Bank, Taishin Life Insurance and Taishin Securities at the end of 2024 amounted to 138.8%, 15.5%, 347% and 281%, respectively, indicating a sound overall capital structure. The NPL ratio and NPL coverage ratio of Taishin Bank were 0.13% and 985.6%, respectively, maintaining good credit asset quality.

The subsidiary Taishin Bank's total balance of loans in 2024 increased by 8.8% and the annual growth of the total balance of loans was 10.2%. The credit card business continued to grow steadily, with the annual growth rate of transaction amount and total revenue from service fees in 2024 reaching 13.3% and 18.5%, respectively. The number of active cards also continued to increase to 4.85 million cards, and the number of card accepting merchants exceeded 170,000, which was the highest in the industry. Taishin Securities reported a significant growth in performance, with net profit after tax for the year reaching NT$2.4 billion, a year-on-year increase of 52.7%. The active capital market drove an increase in brokerage fee income, and the market share of brokerage services remained stable at 2.24%. In addition, due to the steady growth in premiums and the contribution of increased investment returns, Taishin Life Insurance achieved a net profit after tax for the year of NT$1.2 billion, representing an annual growth of 394.2%. The total premium income for the year amounted to NT$47.3 billion, of which the first year premium (FYP) revenue amounted to NT$25.9 billion, with a market share of 3.08%. In addition, the liability cost of Taishin Life Insurance continued to decline to 3.78%.

In recent years, Taishin has continued to expand its overseas presence. Following TSMC's announcement of investment in Japan, Taishin FHC entered into a Memorandum of Understanding (MOU) with the Yamaguchi Prefectural Government in Japan last month (February 21), recognizing the future business development opportunities in Japan's Kyushu Economic Zone. The MOU was signed by Tsugumasa Muraoka, the governor of Yamaguchi Prefecture, and Thomas Wu, Chairman of Taishin FHC. This marked the first time a local government in Japan has entered into an MOU with a financial institution in Taiwan. Going forward, both parties will leverage their resources and advantages to facilitate industrial exchanges and cooperation in various fields such as Taiwan-Japan business, economy and finance, as well as create opportunities for deepening bilateral economic and trade relations and common development. In addition to the Tokyo Branch, Taishin Bank also officially established the Fukuoka Branch in Japan in April 2024 to provide local Japanese customers with a more comprehensive service network. Taishin Bank will continue to expand its presence in Asia, secure potential business opportunities, and increase the proportion of overseas profits of the Bank.

Welch Lin stated that in addition to pursuing steady growth in financial indicators, Taishin FHC has also reached new heights in sustainability achievements and performance. From 2018 to 2024, it has been included for 7 years in a row in both the World Index and the Emerging Markets Index of the Dow Jones Sustainability Indices (DJSI), a globally recognized benchmark for ESG performance. Taishin FHC has also retained its position in the top 1% globally in the bank industry, making it the only financial institution in Taiwan to be ranked among the top 1% globally in the bank industry for two consecutive years. This outstanding achievement demonstrates that Taishin's efforts in promoting and advancing sustainability have received international recognition. Furthermore, Taishin also received the best score of "A" in the 2024 CDP climate change questionnaire. Taishin has established the Group's ESG sustainable development goals, focusing on three key issues: climate action, financial inclusion, and sustainability empowerment. It also closely monitors international trends and takes concrete actions to implement these goals. The Sustainability Committee regularly discusses sustainability issues, while the Chairman and President actively participate in sustainability forums and activities. Managers and employees at all levels also continue to put sustainability concepts into practice, thereby enabling Taishin to become a leader in the global bank industry on the DJSI.

Taishin FHC held the 2024 Q4 Investor Conference, with financial indicators showing steady growth and sustainability achievements reaching new heights.