台新金控

(2025/03/05) Taishin Financial Holding Co., Ltd. (TFHC) today held its 4Q24 in-person analyst meeting. TFHC President Welch Lin, CFO Carol Lai, and Taishin Bank (TSIB) President Sharon Lin, alongside TSIB Retail Banking Group CEO Maggie Pao, Wholesale Banking Group CEO Steven Chang, Finance and Financial Market Group CEO Henry Chan, Taishin Life (TS Life) CEO Joseph Day, and Taishin Securities (TSS) Chairman Jerry Guo jointly presented at the meeting to address the operating results for 2024. TFHC’s 2024 net income after tax was NT$20.1bn, the EPS was NT$1.39, the ROE was 10.31%, and the book value per common share was NT$14. As regards capital adequacy and asset quality, the Group maintained a strong capital position, with TFHC’s CAR at 138.8%, TSIB’s BIS at 15.5%, TSS’ CAR at 281%, and TS Life’s RBC at 347%. TSIB’s asset quality remained benign, with NPL% at 0.13% and coverage ratio at 985.6%.

Core subsidiary TSIB’s total loan increased by 8.8% YoY. Total deposit increased by 10.2% YoY. In 2024, the Company generated a 13.3% YoY growth in credit card spending and an 18.5% YoY growth in gross fee income. With over 170,000 merchants served and nearly 4.85 million active cards, TSIB remains a leader in credit card business. Subsidiary TSS posted a net income after tax of NT$2.4bn (YoY +52.7%), with surging brokerage fee income attributable to robust capital markets. Brokerage business market share remained stable at 2.24%. TS Life’s net income after tax of NT$1.2bn grew 394.2% YoY, an increase underpinned by strong premium growth and higher investment income. TS Life delivered a total premium of NT$47.3bn and an FYP of NT$25.9bn, with a market share of 3.08%. The cost of liability continued to decrease, dropping to 3.78%.

TSIB has continued its overseas expansion in recent years. In anticipation of the business opportunities presented by TSMC’s arrival in Kyushu, Japan, Taishin FHC and Japan’s Yamaguchi Prefecture (represented, respectively, by TFHC Chairman Mr. Thomas Wu and Governor of Yamaguchi Prefecture Mr. Muraoka Tsugumasa) signed a memorandum of understanding (MOU) on February 21, 2025. This marks the first time in history that a Japanese local government branch has travelled to Taiwan to sign an MOU with a financial institution. Going forward, both parties will commit to the promotion of collaborative industrial exchanges, fostering commercial, economic, and financial co-operation, forging deeper relationships, and creating opportunities for shared development. Besides TSIB’s Tokyo branch, TSIB’s Fukuoka sub-branch was established in April 2024 to provide Japan-based clientele with more comprehensive services. As it ramps up its regional expansion drive, TSIB will continue to capture potential business opportunities while striving for higher overseas revenue.

Welch Lin told attendees that TFHC, on top of targeting stable financial growth, endeavors to level up its sustainability development. For seven consecutive years, from 2018 to 2024, TFHC has been listed as a constituent of the prestigious Dow Jones Sustainability Indices (DJSI), featuring on both the World and Emerging Markets indices and thereby being recognized as one of the world’s top ESG performers. Moreover, TFHC was ranked by DJSI in the top 1% of the world’s banking industry, the only financial institution from Taiwan to garner such a recognition in two consecutive years, which is an achievement that underlines the Group’s engagement with and commitment to sustainability initiatives. Additionally, TFHC was named in CDP’s 2024 “A List” for climate change—the highest available ranking. TFHC established its ESG SDGs—three key areas of focus that address climate action, financial inclusion, and social inclusion to drive positive policy implementation and track internationally trending initiatives and practices. With its Corporate Sustainability Committee holding regular sustainability discussions, Taishin’s Chairman and President have been actively participating in sustainability forums and projects, mobilizing Group-wide participation in sustainability at all levels. Taishin’s unwavering efforts have been regarded as pioneering among its global bank peers by DJSI.