Chang Hwa Bank expects profitability to improveBy Crystal Hsu / Staff reporterState-run Chang Hwa Commercial Bank (彰化銀行) yesterday said it expects profitability to improve in the second half of the year, despite a lackluster showing in the first six months, as growing vaccination rates at home and abroad would make operating conditions more friendly. A Chang Hwa Commercial Bank branch in Taipei’s Zhongshan District is pictured on June 2. Chang Hwa Bank’s loan-to-deposit ratio edged up to 76.39 percent last quarter, compared with 76.15 percent three months earlier, and should gain strength moving forward, officials said. The downtrend might reverse in the second half, as the world further emerges from the COVID-19 pandemic, giving customers and the bank more confidence about doing business, officials said. Chang Hwa Bank said it would raise its holdings of local shares during price corrections, guided by the principle of stability in dealing with investment funds.

Source: Taipei Times August 31, 2021 15:56 UTC