Fubon posts 21.8 percent growthBIG PLAYER: With earnings per share of NT$11.69 for the first eight months of the year, Fubon Financial was the most profitable financial holding company in TaiwanBy Kao Shih-ching / Staff reporterFubon Financial Holding Co (富邦金控), the nation’s second-largest financial conglomerate by assets, yesterday reported annual growth of 21.8 percent for last month with a net profit of NT$16.16 billion (US$583.6 million). Earnings per share were NT$11.69 for the first eight months of the year, making Fubon the most profitable financial holding company in Taiwan. The Cathay Financial Holding Co headquarters in Taipei are pictured in an undated photograph. Photo courtesy of Cathay Financial Holding CoIt attributed the growth to contributions from Fubon Life Insurance Co (富邦人壽), the profit of which expanded 18 percent year-on-year to NT$11.72 billion. Taipei Fubon Commercial Bank (台北富邦銀行) and Fubon Securities Co (富邦證券) also reported an improvement in net profit, it said.

Source: Taipei Times September 10, 2021 15:56 UTC