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State-run Taiwan Cooperative Financial Holding Co (合庫金控) yesterday said it aims to increase total lending by 7 percent this year, after outstanding loans increased 7 percent last month. It aims to preserve the momentum over the rest of the year, the bank-focused group said, adding that it would prioritize retirement planning and lending to urban renewal projects. Main subsidiary Taiwan Cooperative Bank (合庫銀行) reported that fee income from wealth management and credit card businesses in the first quarter fell 11.46 percent and 42.86 percent respectively, as global monetary tightening and Russia’s invasion of Ukraine weighed on investment sentiment. The nation’s largest lender by ....
State-run Hua Nan Financial Holding Co (華南金控) and Taiwan Cooperative Financial Holding Co (合庫金控) are seeking stable profit growth this year by stepping up overseas operations, as well as corporate and retail lending. The two bank-focused conglomerates are upbeat about expected interest rate hikes by monetary policymakers at home and abroad that might widen interest spreads and profit margins. Taiwan Cooperative Financial Holding said it expects retail lending to grow modestly this year, especially for urban renewal projects that are not affected by credit controls and unfavorable policy measures. As of late December last year, mortgage operations at its main subsidiary, Taiwan Cooperative ....
State-run Taiwan Cooperative Financial Holding Co (合庫金控) yesterday reported that profitability spiked 32.91 percent in the first three quarters to NT$16.46 billion (US$591.89 million) as interest income rose and bad loan provisions fell due to an economic recovery at home and abroad. The results translated into earnings per share of NT$1.17, company data showed. The operating environment improved after global vaccination rates against COVID-19 climbed and infections subsided, giving corporations the confidence to resume business activity, Taiwan Cooperative Financial Holding president Chen Mei-tsu (陳美足) said. The conglomerate’s main subsidiary, Taiwan Cooperative Bank (合庫銀行), generated net income of NT$14.25 billion, a 33.25 percent year-on-year ....