Taiwan Cooperative posts record profitGROWTH RETURNING: Taiwan Cooperative Financial president Chen Mei-tsu said that operating conditions look bright ahead as major countries lift border controlsBy Crystal Hsu / Staff reporterTaiwan Cooperative Financial Holding Co (合庫金控) yesterday posted record profit of NT$10.2 billion (US$365 million) for the first half of this year, up 26.67 percent from a year earlier, thanks to improved interest income and contributions from overseas operations. The impressive showing translated into earnings per share of NT$0.73, with banking arm Taiwan Cooperative Bank (合庫銀行) generating 83.19 percent, despite COVID-19 restrictions, Taiwan Cooperative Financial president Chen Mei-tsu (陳美足) said. Vehicles drive past a Taiwan Cooperative Bank branch in Taipei on Feb. 12, 2019. Taiwan Cooperative Bank plans to create a private banking division next quarter to bolster relations with the nation’s ultra-wealthy customers and increase wealth management business, Chen said. It is optimistic about Taiwanese companies that have benefited from a realignment in the global electronics supply chain and a contactless economy boom, Taiwan Cooperative Financial said.

Source: Taipei Times August 17, 2021 15:56 UTC