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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 2020 TWDUSD
Revenue391,946.36M13,311.35M
Gross Profit----
Operating income50,367.20M1,710.57M
Income before tax50,367.20M1,710.57M
Net income42,853.40M1,455.39M
EBITDA----
Diluted EPS2.140.07
Dividends Per Share1.050.03
Total Assets6,616.66B235,485.33M
Total liabilities6,211.35B221,060.44M
Total equity405,230.57M14,422.04M
Operating cash flow62,834.94M2,134.01M
Currency in TWDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 412,450.23M 447,783.03M 497,734.56M 452,574.50M 391,946.36M
Gross Profit -- -- -- -- --
Operating income 33,630.13M 43,257.64M 41,285.32M 49,583.48M 50,367.20M
Income before tax 33,717.53M 43,093.55M 40,779.66M 50,293.86M 50,367.20M
Net income 27,928.97M 37,222.21M 36,032.42M 42,879.80M 42,853.40M
EBITDA -- -- -- -- --
Diluted EPS 1.43 1.91 1.84 2.16 2.14
Dividends Per Share 1 1.08 1 1 1.05
Total Assets 4,839.25B 5,340.73B 5,753.24B 6,219.43B 6,616.66B
Total liabilities 4,557.05B 5,019.74B 5,438.09B 5,838.21B 6,211.35B
Total equity 282,106.78M 320,900.63M 315,072.46M 381,138.68M 405,230.57M
Operating cash flow 86,922.14M -308,668.09M 261,542.56M 144,221.91M 62,834.94M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 12,788.83M 14,718.70M 16,506.16M 14,640.40M 13,311.35M
Gross Profit -- -- -- -- --
Operating income 1,042.76M 1,421.88M 1,369.12M 1,603.98M 1,710.57M
Income before tax 1,045.47M 1,416.49M 1,352.35M 1,626.96M 1,710.57M
Net income 865.99M 1,223.50M 1,194.92M 1,387.12M 1,455.39M
EBITDA -- -- -- -- --
Diluted EPS 0.04 0.06 0.06 0.06 0.07
Dividends Per Share 0.03 0.03 0.03 0.03 0.03
Total Assets 150,152.07M 179,469.19M 187,176.62M 207,473.55M 235,485.33M
Total liabilities 141,396.12M 168,682.89M 176,923.55M 194,756.47M 221,060.44M
Total equity 8,753.19M 10,783.49M 10,250.59M 12,714.37M 14,422.04M
Operating cash flow 2,695.19M -10,145.97M 8,673.42M 4,665.45M 2,134.01M

Valuation Measures

Dec 2020
PER9.17
ROA0.66%
ROE10.89%
Operating margin12.85%
Profit margin10.93%

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

  • Fubon Life Insurance Co., Ltd. (3.7%)
  • Wealthy Wonder Group Ltd. (3.4%)
  • The Vanguard Group, Inc. (2.9%)
  • BlackRock Fund Advisors (2.4%)
  • Labor Pension New Fund (2.2%)
  • 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%)
  • Norges Bank Investment Management (1.5%)

Contact Details

Related Companies

  • 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

    Last Updated on 19 Jan, 2022

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