E.Sun Financial posts record-high fee incomeBy Kao Shih-ching / Staff reporterE.Sun Financial Holding Co (玉山金控) yesterday posted record-high net fee income of NT$10.41 billion (US$374 million) for the first six months of the year on the back of growing wealth management and brokerage businesses, but its credit card business lost steam amid the COVID-19 pandemic. The financial conglomerate’s wealth management operations generated a net fee income of NT$4.85 million in the first six months, up 2 percent year-on-year and the highest level ever, E.Sun Financial told an investors’ conference in Taipei. E.Sun Commercial Bank chairman Joseph Huang speaks to reporters in Taipei in an undated photograph. Net fee income from its brokerage, E.Sun Securities Co (玉山證券), advanced 93 percent year-on-year to NT$1.9 billion in the first six months, also a record high, thanks to more investors participating in the local stock market, the company said. However, the local COVID-19 outbreak did not affect the corporate banking business, as many of the bank’s corporate clients are trade-oriented and the nation’s exports remained strong, Huang said.

Source: Taipei Times August 04, 2021 15:56 UTC