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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 2019 TWDUSD
Revenue452,574.50M14,640.40M
Gross Profit----
Operating income49,583.48M1,603.98M
Income before tax50,293.86M1,626.96M
Net income42,879.80M1,387.12M
EBITDA----
Diluted EPS2.160.06
Dividends Per Share----
Total Assets6,219.43B207,473.55M
Total liabilities5,838.21B194,756.47M
Total equity381,138.68M12,714.37M
Operating cash flow144,221.91M4,665.45M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 269,375.06M 412,450.23M 447,783.03M 497,734.56M 452,574.50M
Gross Profit -- -- -- -- --
Operating income 33,676.11M 33,630.13M 43,257.64M 41,285.32M 49,583.48M
Income before tax 40,976.15M 33,717.53M 43,093.55M 40,779.66M 50,293.86M
Net income 35,397.57M 27,928.97M 37,222.21M 36,032.42M 42,879.80M
EBITDA -- -- -- -- --
Diluted EPS 1.94 1.43 1.91 1.84 2.16
Dividends Per Share 0.75 1 1.08 1 --
Total Assets 4,596.22B 4,839.25B 5,340.73B 5,753.24B 6,219.43B
Total liabilities 4,318.63B 4,557.05B 5,019.74B 5,438.09B 5,838.21B
Total equity 277,507.14M 282,106.78M 320,900.63M 315,072.46M 381,138.68M
Operating cash flow 111,103.77M 86,922.14M -308,668.09M 261,542.56M 144,221.91M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 8,483.16M 12,788.83M 14,718.70M 16,506.16M 14,640.40M
Gross Profit -- -- -- -- --
Operating income 1,060.52M 1,042.76M 1,421.88M 1,369.12M 1,603.98M
Income before tax 1,290.42M 1,045.47M 1,416.49M 1,352.35M 1,626.96M
Net income 1,114.74M 865.99M 1,223.50M 1,194.92M 1,387.12M
EBITDA -- -- -- -- --
Diluted EPS 0.06 0.04 0.06 0.06 0.06
Dividends Per Share 0.02 0.03 0.03 0.03 --
Total Assets 139,928.35M 150,152.07M 179,469.19M 187,176.62M 207,473.55M
Total liabilities 131,477.22M 141,396.12M 168,682.89M 176,923.55M 194,756.47M
Total equity 8,448.47M 8,753.19M 10,783.49M 10,250.59M 12,714.37M
Operating cash flow 3,498.88M 2,695.19M -10,145.97M 8,673.42M 4,665.45M

Valuation Measures

Dec 2019
PER10.36
ROA0.71%
ROE12.31%
Operating margin10.95%
Profit margin9.47%

Key executives

  • President & General Manager: Yi Kuei Wu
  • 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

  • Wealthy Wonder Group Ltd. (3.4%)
  • The Vanguard Group, Inc. (3.3%)
  • BlackRock Fund Advisors (2.0%)
  • Dimensional Fund Advisors LP (1.5%)
  • Norges Bank Investment Management (1.5%)
  • Eastspring Investments (Singapore) Ltd. (1.1%)
  • Canada Pension Plan Investment Board (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.5%)
  • Yuanta Securities Investment Trust Co., Ltd. (0.5%)
  • APG Asset Management NV (0.5%)

Contact Details

Related Companies

  • CTBC Securities Investment Trust Co., Ltd.
  • CTBC Asia Ltd.
  • CTBC Asset Management Co. Ltd.
  • Ctbc Financial Holding Esop
  • CTBC Securities Co. Ltd.
  • CTBC Venture Capital Co. Ltd.
  • CTBC Securities Investment Trust 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 Asia Limited
  • Chinatrust Securities Co., Ltd.
  • CTBC Investments Co., Ltd.
  • Chinatrust Venture Capital Corp.
  • Central Investment Holding Co. Ltd.
  • CTBC Bank Co. Ltd.
  • Grand Commercial Bank
  • CTBC Bank (Philippines) Corp.

Competitors

    Last Updated on 29 May, 2020

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