Q3 2020 CTBC Financial Holding Co Ltd Earnings Call Transcript
Welcome, everyone, to CTBC Financial Holding Company's 2020 Third Quarter Earnings Conference Call. (Operator Instructions)
And today's host will be Ms. Ya-Ling Chiu, CFO and spokesperson of CTBC Financial Holding Company; and Mr. Pai-Hung Yeh, Executive Vice President of Taiwan Life Insurance Company. And the presentation will begin now.
Thank you, everyone, for joining CTBC's third quarter earnings call. Please turn to Page 3 on third quarter earnings highlights. Overall, CTBC Holding continued to deliver stable earnings amid COVID-19's impact on global economy. At holding level, ROE reached 13.6%, ROA at 0.76%, EPS at TWD 1.8. CTBC Holding maintained a balanced, diversified business model, ensuring resilient earnings, with the highest Q1 to Q3 earnings of all local bank holding companies. Holding also maintained well capitalized with CAR ratio at 115.77% and maintained decent double leverage ratio at 116.5%.
CTBC Bank observed stable momentum in its core businesses despite the negative impact from rate cuts and
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