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Finance

CTBC Financial Holding Co., Ltd.

Company Background

Controlled by one of Taiwan's most powerful families, the Koos, CTBC offers banking, insurance and brokerages services. Unlike Fubon Financial Holding and Cathay Financial Holding, two other Taiwanese financial services companies that make most of their profits on life insurance, most of CTBC's earnings come from its banking unit, backed by its strong wealth management services and overseas businesses.

 

Founded by Koo Chen-fu and his nephew Jeffrey Koo in 1966, CTBC started out as Taiwan's first brokerage. It turned into a financial holding company in 2002. In 2013, the company renamed itself from Chinatrust to CTBC, shortened from Chinatrust Banking Corp., to rebrand itself as part of its regional expansion efforts.

 

What differentiates CTBC from Fubon and Cathay in their common expansion attempts is its substantial presence in Japan. It acquired midsize Japanese lender Tokyo Star Bank in 2014.

 

It is generally recognized that the Koo family, particularly CTBC Charity Foundation Chairman Jeffrey Koo, Jr., exercise significant influences over CTBC. Jeffrey has a Master of business Administration degree from the Wharton School of the University of Pennsylvania in the U.S.

Business Summary

CTBC Financial Holding Co. Ltd. engages in the provision of personal and business banking as well as stock dealing. It focuses on financial, investment, insurance, securities, insurance, and lottery businesses. The company was founded on May 17, 2002 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2021 TWDUSD
Revenue416,859.22M14,924.14M
Gross Profit----
Operating income59,780.25M2,140.21M
Income before tax60,998.09M2,183.81M
Net income54,204.95M1,940.61M
EBITDA----
Diluted EPS2.720.09
Dividends Per Share1.250.04
Total Assets7,083.52B256,027.98M
Total liabilities6,630.92B239,669.08M
Total equity430,455.15M15,558.43M
Operating cash flow36,892.35M1,320.79M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 447,783.03M 497,734.56M 452,574.50M 391,946.36M 416,859.22M
Gross Profit -- -- -- -- --
Operating income 43,257.64M 41,285.32M 49,583.48M 50,367.20M 59,780.25M
Income before tax 43,093.55M 40,779.66M 50,293.86M 50,367.20M 60,998.09M
Net income 37,222.21M 36,032.42M 42,879.80M 42,853.40M 54,204.95M
EBITDA -- -- -- -- --
Diluted EPS 1.91 1.84 2.16 2.14 2.72
Dividends Per Share 1.08 1 1 1.05 1.25
Total Assets 5,340.73B 5,753.24B 6,219.43B 6,616.66B 7,083.52B
Total liabilities 5,019.74B 5,438.09B 5,838.21B 6,211.35B 6,630.92B
Total equity 320,900.63M 315,072.46M 381,138.68M 405,230.57M 430,455.15M
Operating cash flow -308,668.09M 261,542.56M 144,221.91M 62,834.94M 36,892.35M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 14,718.70M 16,506.16M 14,640.40M 13,311.35M 14,924.14M
Gross Profit -- -- -- -- --
Operating income 1,421.88M 1,369.12M 1,603.98M 1,710.57M 2,140.21M
Income before tax 1,416.49M 1,352.35M 1,626.96M 1,710.57M 2,183.81M
Net income 1,223.50M 1,194.92M 1,387.12M 1,455.39M 1,940.61M
EBITDA -- -- -- -- --
Diluted EPS 0.06 0.06 0.06 0.07 0.09
Dividends Per Share 0.03 0.03 0.03 0.03 0.04
Total Assets 179,469.19M 187,176.62M 207,473.55M 235,485.33M 256,027.98M
Total liabilities 168,682.89M 176,923.55M 194,756.47M 221,060.44M 239,669.08M
Total equity 10,783.49M 10,250.59M 12,714.37M 14,422.04M 15,558.43M
Operating cash flow -10,145.97M 8,673.42M 4,665.45M 2,134.01M 1,320.79M

Valuation Measures

Dec 2021
PER9.52
ROA0.79%
ROE12.97%
Operating margin14.34%
Profit margin13.00%

Key executives

  • President & General Manager: Jia-Wen Chen
  • Chief Financial Officer & Deputy General Manager: Ya Ling Chiu
  • Chief Technology Officer & Deputy General Manager: Titan Chia
  • Chief Compliance Officer & Deputy General Manager: Aaron King
  • Chief Investment Officer: Winston Hsia

Shareholders

  • Fubon Life Insurance Co., Ltd. (3.7%)
  • Wealthy Wonder Group Ltd. (3.4%)
  • The Vanguard Group, Inc. (2.9%)
  • Labor Pension New Fund (2.2%)
  • BlackRock Fund Advisors (1.9%)
  • Chinatrust Financial Holding Emp Benefit Savings Trust Fu (1.9%)
  • China Life Insurance Co., Ltd. (Invt Port) (1.8%)
  • Ho Chia Investments Ltd. (1.7%)
  • Nan Shan Life Insurance Co., Ltd. (1.6%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (1.5%)

Contact Details

Related Companies

  • CTBC Sports Entertainment Co., Ltd.
  • CTBC International Co., Ltd.
  • CTBC Asset Management Co., Ltd.
  • Ctbc Financial Holding Esop
  • CTBC Securities Co., Ltd.
  • CTBC Venture Capital Co. Ltd.
  • Chinatrust Financial Holding Emp Benefit Savings Trust Fu
  • Taiwan Lottery Co. Ltd.
  • Chinatrust Asset Management Co. Ltd.
  • Tuo Yu Asset Management Servicing Co. Ltd.
  • CT Opportunity Investment Co.
  • Taiwan Lottery Corp.
  • Chinatrust Insurance Brokers Co. Ltd.
  • Chinatrust Bills Finance Corp.
  • Chinatrust Securities Co., Ltd.
  • CTBC Investments Co., Ltd.
  • Chinatrust Venture Capital Corp.
  • Central Investment Holding Co. Ltd.
  • CTBC Bank Co. Ltd.
  • Taiwan Life Insurance Co., Ltd.
  • Grand Commercial Bank
  • CTBC Bank (Philippines) Corp.

Competitors

  • Hotai Finance Co., Ltd.
Last Updated on 4 Oct, 2022

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