Reported about 1 year ago
At the CTBC Financial Holding shareholders' meeting on June 13, 2024, they approved the distribution of the highest-ever cash dividend of 1.8 NT dollars per share. Looking ahead, General Manager Chen Chiawen expressed that with interest rates staying high, bank profits are expected to remain stable, while insurance may see fluctuations, and securities and investment trusts have seen considerable growth in recent years. CTBC Financial Holding is projected to achieve record-high profits this year, with the ROE potentially exceeding last year's 14.6% and aiming for 17%. Refraining from commenting on rumors regarding the acquisition of E.SUN Financial, CTBC Financial Holding Chairman Yen Wenlung mentioned challenges posed by global economic uncertainties going forward but highlighted the company's historic-high profits. Chen further elaborated on the firm's diverse subsidiary performances, with overseas branches contributing significantly to bank profits, indicating a promising outlook despite various challenges ahead.
Source: YAHOO