Asia300

CTBC Financial Holding Co. Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 17, 2017
Prev close: 19.6
Aug 17, 2017
Market cap:
Market cap(USD):
382,140.97M
12,613.99M
Shares: 19,496.98M

Currency in TWD

Company profile

Market(Ticker): TAI(2891)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 19,895

Business summary

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

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 415,854.48M
Gross profit --
Operating income 33,795.29M
Income before tax 33,717.53M
Net income 27,928.97M
EBITDA --
Diluted EPS 1.43
Dividends per share 0.85
Total assets 4,839.25B
Total liabilities 4,557.05B
Total equity 282,106.78M
Operating cash flow 86,922.14M

Currency in TWD

Revenue 12,894.39M
Gross profit --
Operating income 1,047.89M
Income before tax 1,045.47M
Net income 865.99M
EBITDA --
Diluted EPS 0.04
Dividends per share 0.02
Total assets 150,152.07M
Total liabilities 141,396.12M
Total equity 8,753.19M
Operating cash flow 2,695.19M

Currency in USD

Valuation measures

Dec 2016

PER 12.34
ROA 0.59%
ROE 9.98%
Operating margin 8.12%
Profit margin 6.71%

Key executive

  • President & General Manager: Yi Kuei Wu
  • Secretary, Head-Finance & IR Officer: Li Hsueh Kao
  • Chief Legal & Compliance Officer: Aaron King
  • Executive Officer & Head-Japan Business: Yeun-Ginn Chen
  • Chief Administration Officer: Roger Kao

Share holders

  • Wealthy Wonder Group Ltd.(3.2%)
  • The Vanguard Group, Inc.(3.1%)
  • Nan Shan Life Insurance Co., Ltd.(2.3%)
  • Estate of Koo Jeffrey Ls Jr(2.1%)
  • GIC Pte Ltd. (Investment Management)(1.9%)
  • BlackRock Fund Advisors(1.9%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(1.9%)
  • Chuan Wei Investment Co. Ltd.(1.6%)
  • Eagleright Management Co. Ltd.(1.6%)
  • Long Bon International Co. Ltd.(1.5%)

Address

  • Website: http://www.ctbcholding.com
  • Address: 27/F & 29/F, No. 168 Jingmao 2nd Road, Taipei, 115, Taiwan
  • Phone: +886.2.3327.7777

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