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Taiwan Cooperative Financial pursues stable profit growth By Crystal Hsu / Staff reporter State-run Taiwan Cooperative Financial Holding Co (合庫金控) is pursuing stable profit growth this year on the back of economic improvement at home and abroad, although the operating environment remains challenging, the company said yesterday. The cautiously optimistic guidance came after the bank-focused conglomerate’s profit last year dropped 2.17 percent to NT$17.14 billion (US$606.45 million), which it attributed mainly to higher provision costs, and lower interest and fee income. That translated into earnings per share of NT$1.24, compared with NT$1.29 in 2019. Vehicles drive past a Taiwan Cooperative Bank branch on Guan Chien Road in Taipei on Feb. 12, 2019. Taiwan Cooperative Financial Holding Co yesterday said it is pursuing stable profit growth this year on the back of economic improvement at home and abroad, although the operating environment remains challenging.

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