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Hua Nan Financial cautiously upbeat

Hua Nan Financial cautiously upbeat
UNCERTAINTY:
The financial holding firm is targeting 5% earnings growth this year as the global economy recovers, but added that the pandemic remains a risk
By Crystal Hsu / Staff reporter
State-run Hua Nan Financial Holding Co (華南金控) aims to grow its earnings this year at a pace in line with the nation’s GDP growth, although the COVID-19 pandemic and low interest rates would continue to weigh on its performance, senior officials told a virtual investors’ conference yesterday.
That suggests an improvement of about 5 percent after missing its pre-tax profit target last year by 4 percent mainly due to losses at its securities arm, Hua Nan Securities Co (華南永昌證券) senior vice president and general manager Jully Chu (朱婉麗) said. ....

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Hua Nan Financial eyes expansion in operations

Hua Nan Financial eyes expansion in operations
EBB AND FLOW:
While its securities arm failed to recover from losses last year, its banking company grew its business to net NT$12.46 billion in profits
By Crystal Hsu / Staff reporter
State-run Hua Nan Financial Holding Co (華南金控) aims to expand fee incomes, investment gains, overseas operations and lending to small and medium enterprises this year, it said on Wednesday.
The bank-focused conglomerate set the goal at a meeting of managers from different divisions after net income slumped to NT$8.66 billion (US$305.94 million) last year, or earnings per share of NT$0.67.
The results suggested a 48.85 percent retreat from earnings per share of NT$1.31 a year earlier, attributable mainly to losses at its subsidiary Hua Nan Securities Co (華南永昌證券). ....

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Two banks set goal of all bilingual service by 2026

Two banks set goal of all bilingual service by 2026
ENGLISH PROFICIENCY:
E.Sun Bank, which has 139 local branches, and Hua Nan Bank, which operates 186, are set to take up the FSC’s bilingual challenge
Staff writer, with CNA
E.Sun Commercial Bank (玉山銀行) and Hua Nan Commercial Bank (華南銀行) on Tuesday said that they would make all of their branches bilingual by 2026, with their employees proficient in English.
E.Sun Financial Holding Co (玉山金控) wholly owns E.Sun Bank, which has 139 branches in Taiwan, while Hua Nan Financial Holding Co (華南金控) owns Hua Nan Bank, which has 186 branches.
Since last year, the Financial Supervisory Commission (FSC) has been pushing local banks to become bilingual in a bid to boost the competitiveness of the banking sector. ....

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