trending Market Intelligence /marketintelligence/en/news-insights/trending/Xkie_Iv8tYoGVWLAAOHjPA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Bank of Taiwan's 2017 net profit plunges on lower noninterest income

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Bank of Taiwan's 2017 net profit plunges on lower noninterest income

Bank of Taiwan's net profit for 2017 declined sharply due to lower noninterest income.

The lender's net profit dropped 41.07% to NT$10.40 billion from NT$17.65 billion in 2016, while basic EPS was NT$1.10 per share, down from NT$1.86 per share.

Net interest income declined for the third straight year to NT$25.52 billion from NT$26.04 billion in 2016 and NT$28.41 billion in 2015, while noninterest income plunged 59.46% to NT$7.56 billion from NT$18.66 billion in 2016.

Bank of Taiwan attributed the decline of its noninterest income to a decline in the share of profit of associates accounted for using equity method.