100 第 1 季 營 運 說 明 會 100 年 5 月 13 日
Disclaimer This presentation may include forward looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Taishin Financial Holding Co. Ltd. ( Taishin ) expects or anticipates will or may occur in the future are forward-looking statements. Taishin s actual results or developments may differ from those indicated by these forwardlooking statements as a result of various factors and uncertainties which are beyond our control. In addition, Taishin makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements. 1
第 一 季 營 運 概 況 1Q11 金 控 營 運 概 況 1Q11 銀 行 獲 利 概 況 1 2011 年 營 運 展 望 第 一 季 稅 後 淨 利 27 億 元, 超 越 去 年 同 期 的 23 億 元 每 股 淨 值 12.08 元, 每 股 稅 後 盈 餘 0.40 元, 年 化 ROE 為 13.36% 淨 利 息 收 入 淨 手 續 費 收 入 及 資 產 品 質 均 優 於 去 年 同 期 資 本 結 構 良 好, 金 控 資 本 適 足 率 133.0%, 銀 行 資 本 適 足 率 14.1% 淨 利 息 收 入 31 億 元, 較 去 年 同 期 成 長 5.5%, 首 季 NIM 為 1.48%, 放 款 較 去 年 同 期 成 長 9.7% 淨 手 續 費 收 入 18 億 元, 較 去 年 同 期 成 長 4.2% 營 業 費 用 31 億 元, 較 去 年 同 期 增 加 11.2% 提 存 前 稅 前 盈 餘 22 億 元, 較 去 年 同 期 減 少 4.0% 強 勁 的 呆 帳 回 收 使 淨 提 存 金 額 維 持 負 數 ; 此 外, 逾 放 比 為 0.32%, 覆 蓋 率 為 341% 各 主 要 業 務 的 盈 餘 全 面 提 升, 主 要 動 能 來 自 於 財 富 管 理 及 其 他 手 續 費 相 關 業 務 在 升 息 的 預 期 下,NIM 展 望 正 面, 主 要 挑 戰 係 來 自 於 放 款 結 構 及 市 場 競 爭 壓 力 Note: 1. Bank earnings exclude one-time items. 2
Agenda 2011 年 第 一 季 金 控 財 務 數 字 2011 年 第 一 季 銀 行 獲 利 動 能 2011 年 營 運 展 望 3
金 控 財 務 數 字 2009 2010 1Q10 1Q11 YoY 1Q10 5 (adj) 1Q11 5 (adj) YoY 稅 前 盈 餘 1 (NT$mn) 8,111 7,486 2,212 2,639 19.3% 1,915 2,217 15.8% 稅 後 淨 利 (NT$mn) 8,183 7,723 2,294 2,700 17.7% 1,996 2,278 14.1% 每 股 盈 餘 2 (NT$) 1.14 1.06 0.33 0.40 21.2% 0.28 0.33 17.9% 每 股 淨 值 2 (NT$) 11.76 11.64 3 12.13 12.08 3-0.4% 12.07 12.00 3-0.6% 股 東 權 益 報 酬 率 (%) 11.47 9.57 12.17 4 13.36 4 9.8% 10.33 4 10.99 4 6.4% Note: 1. FHC pretax earnings here are FHC standalone pretax profit including net profits from major subsidiaries plus 22.5% stake in Chang Hwa Bank s net profit minus FHC operating and interest expenses. 2. Both EPS and book value are for common shares. 3. Number of shares are based on after 11% of stock dividend in August 2010. 4. ROE is expressed on an annualized basis. 5. 1Q10 one-time adjustment includes CB impact only; 1Q11 one-time adjustments include CB impact and FX loss reversal. 4
資 本 與 風 險 指 標 金 控 資 本 適 足 率 銀 行 資 本 適 足 率 133.0% 128.1% 120.8% 113.0% 119.3% 133.0% Tier 1 % 13.0% 12.2% 13.5% 13.6% 13.6% 14.1% 8.9% 9.2% 9.0% 9.2% 9.3% 9.8% 1 2 3 5 6 1 4 As of Mar 31, 2011 雙 重 槓 桿 比 率 : 107.61% 債 股 比 率 ( 負 債 扣 除 現 金 部 位 ) : 10.60% 債 股 比 率 ( 負 債 未 扣 除 現 金 部 位 ) : 43.56% 7 As of Mar 31, 2011 逾 放 比 率 %: 0.32% 覆 蓋 率 % : 341% 備 呆 / 放 款 比 率 % : 1.09% 5 Note 1. Decrease in both CAR and BIS in 1Q10 vs. previous quarter results from repayments of NT$10bn in sub-debt at bank level. 2. Decrease in CAR in 2Q10 vs. 1Q10 is mainly due to dividends paid to preferred shareholders and amortization of sub-debt. 3. Decrease in CAR in 3Q10 vs. 2Q10 results from the amortization of Preferred C and sub-debt at holding level. 4. Bank issued NT$10bn sub-debt in April of 2010. 5. FHC issued NT$5.3bn sub-debt in December of 2010. 6. FHC issued NT$2.7bn sub-debt in January of 2011. 7. Bank merged Taishin Bill Finance in January of 2011.
1Q11 vs. 4Q10 稅 前 盈 餘 比 較 NT$mn Better Worse 434 3,060 2,206 132 (80) 111 524 252 2,626 (519) Adjusted 調 整 後 4Q10 4Q10 Pretax 稅 Earnings 前 盈 餘 淨 NII 利 息 Net 淨 手 Fee 續 費 Investment/ 投 資 / 交 易 Others 其 他 Expenses 營 業 費 用 淨 Net 提 存 Adjusted 調 整 後 1 收 入 收 入 Trading Provisions 1Q11 1Q11 Pretax Earnings 稅 前 盈 餘 One-time 一 次 性 1 Factors 項 目 1Q11 1Q11 Pretax 2 Earnings 稅 前 盈 餘 1 1 2 4Q10 2,596 1,977 1,170 219 3,946 (190) 2,206 1Q11 2,728 1,897 651 330 3,422 (442) 2,626 QoQ Change +5.1% -4.0% -44.3% +50.7% -13.3% +132.9% +19.1% Note 1. Adjusted 1Q11 pre-tax earnings exclude one-time items: CB impact and FX loss reversal. 2. FHC pretax earnings here are pretax earnings from major subsidiaries plus 22.5% stake from CHB net profit minus FHC operating and interest expenses. 6
1Q11 vs. 1Q10 稅 前 盈 餘 比 較 NT$mn 2,440 Better Worse 131 144 (54) 131 (450) 283 2,626 434 3,060 Adjusted 調 整 後 1Q10 1Q10 Pretax 稅 Earnings 前 盈 餘 淨 NII 利 息 Net 淨 手 Fee 續 費 Investment/ 投 資 / 交 易 Others 其 他 Expenses 營 業 費 用 1 淨 Net 提 存 Adjusted 調 整 後 2 收 入 收 入 Trading Provisions 1Q11 1Q11 Pretax Earnings 稅 前 盈 餘 One-time 一 次 性 2 Factors 項 目 1Q11 1Q11 Pretax 3 Earnings 稅 前 盈 餘 1 2 2 3 1Q10 2,597 1,753 705 199 2,972 (159) 2,440 1Q11 2,728 1,897 651 330 3,422 (442) 2,626 YoY Change +5.0% +8.2% -7.6% +66.1% +15.1% +178.0% +7.6% Note 1. Expenses increase mainly come from salary & remuneration increase, new hires, and sales commission increase. 2. Adjusted 1Q11 pre-tax earnings exclude one-time items: CB impact and FX loss reversal. 3. FHC pretax earnings here are pretax earnings from major subsidiaries plus 22.5% stake from CHB net profit minus FHC operating and interest expenses. 7
金 控 營 業 費 用 分 析 NT$mn 金 控 營 業 費 用 營 業 費 用 增 加 之 來 源 3,422 顧 問 費 及 IT 297 14.1% 153 1 人 員 招 募 2,972 2,972 29.6% 30.0% 其 他 26.3% 1Q10 1Q11 銷 售 佣 金 增 加 1. Mainly due to one-off additional bonus reserve 8
金 控 營 業 費 用 率 NT$bn Revenue Operating Expense 5.2 5.3 5.4 5.8 6.0 5.6 3.4 3.0 3.2 3.5 3.9 3.4 Cost / Income % 66.3% 56.6% 59.8% 59.5% 66.2% 61.0% 9 Note 1. FHC revenue and expense exclude one-time items. 2009 one-time adjustments: capital gain from securities sale, Lehman structured notes, additional provision, CB impact, gain on Lehman CDS, CHB DTA, LT incentives and benefits. 2010 one-time adjustments: CHB DTA impact, provision reversal, CB impact, CHB recovery and others. 2011 one-time adjustments: CB impact and FX loss reversal
金 控 主 要 獲 利 因 子 NT$bn 金 控 淨 利 息 收 入 QoQ: +5.1% YoY: +5.0% 金 控 淨 手 續 費 收 入 QoQ: -4.0% YoY: +8.2% 投 資 / 交 易 及 其 他 收 入 QoQ: -29.4% YoY: +8.6% 2.43 2.60 2.62 2.57 2.60 2.73 1.94 1.75 1.89 1.96 1.98 1.90 0.80 0.90 0.86 1.30 1.39 0.98 金 控 營 業 費 用 QoQ: -13.3% YoY: +15.1% 金 控 提 存 前 稅 前 盈 餘 QoQ: +8.4% YoY: -4.3% 3.43 2.97 3.21 3.47 3.95 3.42 1.74 2.28 2.36 2.16 2.02 2.18 Note: 1. 2009 one-time adjustments: capital gain from securities sale, Lehman structured notes, additional provision, CB impact, gain on Lehman CDS, CHB DTA, LT incentives and benefits. 2010 one-time adjustments: CHB DTA impact, provision reversal, CB impact, CHB recovery, and others 1Q11 one-time adjustments: CB impact and FX loss reversal 10
Agenda 2011 年 第 一 季 金 控 財 務 數 字 2011 年 第 一 季 銀 行 獲 利 動 能 2011 年 營 運 展 望 11
銀 行 獲 利 動 能 良 好 NT$bn 銀 行 稅 前 盈 餘 1 獲 利 動 能 : 1Q11 vs. 1Q10 2.4 2.4 2.6 2.7 2.2 2 2.6 3 淨 利 息 收 入 增 加 5.5% 財 富 管 理 淨 手 續 費 收 入 增 加 18.6% TMU 及 應 收 帳 款 手 續 費 收 入 成 長 18.3% 呆 帳 回 收 增 加 27.9% 新 增 逾 放 金 額 減 少 33.7% 12 Note 1. 2009, 2010 &1Q11 bank earnings exclude all one-time items: compensation for Lehman structured notes, gains on Lehman CDS, additional provision, LT incentive & benefits, provision reversal, FX loss reversal and others. 2. 4Q10 pre-tax profit declined mainly due to increases in both provision and expenses. 3. Bank earnings include Taishin Bill Finance (TBF) starting January 2011. TBF was merged into Taishin Bank on Jan.22 of 2011.
銀 行 主 要 獲 利 因 子 NT$bn 銀 行 淨 利 息 收 入 銀 行 淨 手 續 費 收 入 投 資 / 交 易 及 其 他 收 入 QoQ: +4.0% YoY: +5.5% 2.77 2.89 2.95 2.91 2.94 3.05 QoQ: -5.1% YoY: +4.2% QoQ: -43.9% YoY: -2.8% 1.90 1.74 1.87 1.90 1.91 1.82 0.28 0.39 0.29 0.63 0.68 0.38 銀 行 營 業 費 用 銀 行 提 存 前 稅 前 盈 餘 3.04 2.78 2.98 3.16 QoQ: -11.8% YoY: +11.2% 3.51 3.10 1.91 QoQ: +6.8% YoY: -4.0% 2.24 2.12 2.28 2.02 2.15 Note 1. 2009, 2010 & 1Q11 bank earnings exclude all one-time items: compensation for Lehman structured notes, gains on Lehman CDS, additional provision, LT incentive & benefits, provision reversal, FX loss reversal and others. 2. Bank earnings include Taishin Bill Finance starting 1Q11. 13
放 款 成 長 穩 定 NT$bn 226 217 211 200 207 248 1Q11 總 放 款 金 額 : NT$571bn, QoQ +3.7%, YoY +9.7% 202 203 204 205208 206 44 45 49 52 56 59 50 49 48 46 45 43 16 16 16 16 16 16 Corporate First Mortgages Home Equity + Second Mortgage Unsecured Others 企 業 放 款 一 順 位 房 貸 房 屋 加 值 貸 款 + 二 順 位 房 貸 消 金 無 擔 放 款 其 他 1 QoQ: +9.5% QoQ: -1.0% QoQ: +4.8% QoQ: -3.7% QoQ: +0.2% YoY: +19.6% YoY: +1.4% YoY: +30.3% YoY: -12.9% YoY: -1.7% Note: 1. Others include auto loans, retail SME, and other consumer products. 14
消 金 放 款 新 撥 貸 量 New Drawdown (NT$bn) YoY % 20 18 一 順 位 房 貸 400. 00% 350. 00% 14 房 屋 加 值 貸 款 400. 00% 350. 00% 16 14 12 10 8 6 4 2 10.9 87.2% 12.3 172.7% 13.9 105.5% 12.8 15.0 43.3% 38.0% 11.4-7.3% 300. 00% 250. 00% 200. 00% 150. 00% 100. 00% 50. 00% 0. 00% -50. 00% 12 10 8 6 4 2 5.9 33.7% 5.0 65.5% 7.7 61.4% 6.5 7.2 6.6 26.2% 23.3% 32.1% 300. 00% 250. 00% 200. 00% 150. 00% 100. 00% 50. 00% 0. 00% -50. 00% 0-100. 00% 0-100. 00% 8 7 消 金 無 擔 放 款 1 20 18 汽 車 貸 款 90. 00% 100. 00% 16 70. 00% 6 5 4 1.8% 13.4% 49.3% 25.1% 47.5% 50. 00% 14 12 10 22.6% 25.6% 34.9% 19.7% 10.7% 50. 00% 30. 00% 3 2 1-21.2% 1.3 1.3 1.4 1.0 1.6 1.4 0. 00% -50. 00% 8 6 4 2.6 2.1 2.3 2.3-9.1% 2.3 2.3 10. 00% -10. 00% -30. 00% 2 0-100. 00% 0-50. 00% 15 Note: 1. Unsecured consumer loans include personal lending and credit card loan products
16 銀 行 淨 利 差 及 存 放 利 差 淨 利 息 收 入 及 淨 利 差 1 台 外 幣 存 放 利 差 1 7.0 6.0 5.0 4.0 3.0 1.51 2.8 NII (NT$bn) 1.59 1.56 2.9 2.9 NIM 1.49 1.47 2.9 2.9 1.48 3.1 170.0% 120.0% 0.0 2.21 Overall Spread % NTD Spread % FX Spread % 2.28 2.26 2.13 2.10 2.12 2.07 2.15 2.12 2.03 2.02 2.03 2.0 1.0 1.01 1.08 1.12 1.26 1.22 1.25 0.0 70.0% 0.0 Note: NIM & spread figures are quarterly average; NII figures are quarterly total amount.
銀 行 淨 手 續 費 收 入 成 長 穩 健 NT$mn (+14.4%) +4.2% 1,992 1 863 911 1,741 1,815 768 775 782 723 497 484 449 454 415 436 1 440 436 410 409 360 410 1 348 181 251228 198 197 235 321 1Q10 1Q11 Wealth 財 Management 富 管 理 Credit 信 用 Card 卡 TMU & Factoring Banking 其 他 Charge 2 2 QoQ: +16.6% QoQ: -30.0% (-12.3%) QoQ: +19.3% QoQ: -26.5% (-6.0%) YoY: +18.6% YoY: -16.1% (+5.2%) YoY: +18.3% YoY: -10.8% (+13.9%) Note: 1. Numbers without Article 34 impact. 2. Banking charge fees include ATM, syndication loan and loan services. 3. All figures are based on MIS. 17
AUM 延 續 成 長 動 能 QoQ : +2.9% NT$bn YoY : +10.6% 633 643 647 664 692 712 信 託 與 其 他 1 結 構 型 商 品 基 金 保 險 存 款 18 Note 1. SN/SI: structured notes & structured investment
信 用 卡 市 場 地 位 穩 定 20 18 16 Taishin (NT$bn) Taishin MoM % Industry MoM% 循 環 信 用 餘 額 1 10% 16 簽 帳 金 額 1,2 5% 15 14 Taishin (NT$bn) Taishin MoM % Industry MoM % 65% 14 12 10 13.7 13.6 13.6 13.5 13.5 13.5 13.4 13.4 13.4 13.3 13.2 13.1 0% 13 12 11 10.4 10.7 12.9 11.4 12.0 11.2 12.6 12.5 13.0 12.9 10.4 35% 11.7 5% 8 04/10 05/10 06/10 07/10 08/10 09/10 10/10 11/10 12/10 01/11 02/11 03/11-5% 10 04/10 05/10 06/10 07/10 08/10 09/10 10/10 11/10 12/10 01/11 02/11 03/11-25% 收 單 家 數 1 每 卡 消 費 金 額 3 NT$ +8% +44% 5,850 6,452 6,413 23,394 33,761 36,308 2009.12 2010.12 2011.03 2009 2010 11 1Q11 19 Note 1. Chinfon portfolio has been fully integrated into Taishin since March 2010 2. Total spending excludes cash advance. 3. Per card spending is calculated as total spending divided by active cards; data are annual and quarterly average numbers
穩 定 的 呆 帳 回 收 NT$mn QoQ : +18.4% YoY: +27.9% 1,037 Corporate 829 87 811 80 875 119 752 24 876 137 264 Consumer 742 731 756 728 739 773 20
銀 行 逾 放 比 及 覆 蓋 率 逾 放 比 (%) 覆 蓋 率 (%) 逾 放 金 額 (NT$mn) 備 抵 呆 帳 (NT$mn) 400. 00% 1. 50% 326.3% 340.8% 350. 00% 1. 00% 288.4% 280.5% 270.6% 300. 00% 236.5% 250. 00% 200. 00% 0. 50% 0.58% 0.46% 0.42% 0.39% 0.33% 0.32% 150. 00% 100. 00% 0. 00% 6,903 6,758 6,062 5,550 5,814 6,028 50. 00% -0. 50% 2,919 0. 00% 2,344 2,161 2,051 1,782 1,769-50. 00% -1. 00% -100. 00% Note: NPL%, coverage%, NPL amount and reserve amount exclude A/R 21
Agenda 2011 年 第 一 季 金 控 財 務 數 字 2011 年 第 一 季 銀 行 獲 利 動 能 2011 年 營 運 展 望 22
2011 年 業 務 前 景 獲 利 動 能 方 向 說 明 財 富 管 理 > +15% +5% ~ +15% = -5% ~ +5% -5% ~ -15% > -15% 消 金 無 擔 放 款 整 體 Ex-IDRP, Cash Card = 整 體 放 款 在 2012~2013 年 可 望 維 持 穩 健 成 長 房 屋 相 關 貸 款 = 企 業 放 款 承 銷 業 務 中 小 企 業 / 海 外 業 務 23
24 APPENDIX
Financial Summary Taishin FHC (Consolidated 1 ) NT$millions, except for percentages Income Statement Data 2009 2010 10 vs. 09 4Q10 1Q11 1Q11 vs. 4Q10 Interest income 41,417 38,865-6.2% 10,732 10,157-5.4% Interest expense (19,498) (14,422) -26.0% (3,905) (3,945) 1.0% Net interest income 21,919 24,443 11.5% 6,827 6,212-9.0% Net fee income 12,799 11,556-9.7% 3,081 2,776-9.9% Other income 20,820 17,264-17.1% 5,770 3,685-36.1% Total revenue 55,538 53,263-4.1% 15,678 12,673-19.2% Operating expense (29,881) (27,230) -8.9% (7,805) (6,854) -12.2% Provisions (9,590) (5,966) -37.8% (2,668) (760) -71.5% Net Profit before Income Tax 16,067 20,067 24.9% 5,205 5,059-2.8% Tax Expense (5,574) (6,152) 10.4% (924) (774) -16.2% Earnings before Extraordinary Item 10,493 13,915 32.6% 4,281 4,285 0.1% Extraordinary Gains 123 0-0 0 - Net Income after Tax 10,616 13,915 31.1% 4,281 4,285 0.1% Net Income to Parent Company 8,183 7,723-5.6% 1,526 2,700 76.9% Net Income to Minority Shares 2,433 6,192 154.5% 2,755 1,585-42.5% Net Income 10,616 13,915 31.1% 4,281 4,285 0.1% EPS(NT$) 1.14 1.06-7.0% 0.19 0.40 110.5% Balance Sheet Data Full Year Comparison Toal Assets 2,374,790 2,469,132 4.0% 2,469,132 2,473,958 0.2% Shareholders' Equity(inclu. minority) 156,306 166,442 6.5% 166,442 171,217 2.9% Shareholders' Equity-Common Stock 62,589 68,769 9.9% 68,769 71,381 3.8% QoQ 25 Summary Ratios Equity/Assets 6.6% 6.7% 6.7% 6.9% Return on average assets (annualized) 0.45% 0.57% 0.71% 0.69% Return on average equity (annualized) 2 11.47% 9.57% 7.11% 13.36% Note 1. Fully consolidated CHB and from 1Q10 no longer includes TSC 2. ROA & ROE calculation is for common shares only; ROE expressed in 4Q10 and 1Q11 on an annualized quarterly basis.
Financial Summary Taishin Bank NT$millions, except for percentages Full Year 10 vs. 09 QoQ 2009 2010 change 4Q10 1Q11 1Q11 vs. 4Q10 Income Statement data Interest income 17,605 16,512-6.2% 4,271 4,493 5.2% Interest expense 7,603 4,826-36.5% 1,335 1,439 7.8% Net interest income 10,002 11,686 16.8% 2,936 3,054 4.0% Net fee income 6,240 7,342 17.7% 1,838 1,814-1.3% Other income 490 2,012 310.9% 703 449-36.1% Total revenue 16,732 21,040 25.7% 5,477 5,317-2.9% Operating expense 11,476 12,219 6.5% 3,510 3,096-11.8% Provision for credit losses 1,792 (1,914) -206.8% (227) (468) -105.8% Income before tax 3,463 10,734 210.0% 2,195 2,689 22.5% Net income 944 7,876-1,910 2,268 18.7% Balance sheet data Gross loans 1 502,487 537,488 7.0% 537,488 560,267 4.2% Credit revolving loans 11,798 13,366 13.3% 13,366 13,085-2.1% NPL 2,919 1,782-39.0% 1,782 1,769-0.7% Allowance for loan losses 6,903 5,814-15.8% 5,814 6,028 3.7% Total assets 832,758 911,146 9.4% 911,146 937,954 2.9% Deposits 2 654,155 712,689 8.9% 712,689 702,490-1.4% Shareholders' equity 53,433 60,693 13.6% 60,693 63,071 3.9% 26 Summary ratios Loan-to-deposit spread 1.92% 2.08% 2.02% 2.01% Net interest margin 1.38% 1.53% 1.47% 1.48% Net fee income / total revenue 37.3% 34.9% 33.6% 34.1% Cost-to-income ratio 68.6% 58.1% 64.1% 58.2% Return on average assets (annualized) 0.1% 0.9% 0.9% 1.0% Return on average equity (annualized) 3 1.9% 14.4% 14.0% 15.3% NPLs / gross loans 0.58% 0.33% 0.33% 0.32% Allowance / gross loans 1.4% 1.1% 1.1% 1.1% Allowance / NPLs 236.5% 326.3% 326.3% 340.8% Equity / assets 6.4% 6.7% 6.7% 6.7% Gross loan to deposit ratio(incl. credit revolving) 78.6% 77.3% 77.3% 81.6% Gross loan to deposit ratio 76.8% 75.4% 75.4% 79.8% Note 1. Gross loans exclude credit card revolving and factoring NR but include over-due loans. 2. Deposits exclude postal deposits and interbank deposits. 3. ROA & ROE expressed in 4Q10 and 1Q11 on an annualized quarterly basis 4. Bank earnings include Taishin Bill Finance starting January of 2011.
Market Share Market Share Product Area Jun 10 Dec 10 Feb 11 Past 2 Month Market Share Trend Auto Loan 24.5% 22.2% 21.6% Credit Card Revolving 7.2% 7.4% 7.4% Mortgage + Home Equity 3.5% 3.5% 3.5% Unsecured Lending 1 7.8% 7.9% 8.2% 1. Unsecured lending includes cash card, second mortgage and personal lending Source: Overview of Banking Sector, FSC, Feb. of 2011 27
Deposit Mix NT$bn % 1Q11 v s 4Q10 1Q11 v s 1Q10 Current Deposits 200.9 192.2 198.5 205.3 223.4 221.7 29.1% -0.8% 15.3% Checking 2.9 2.6 2.6 2.9 3.0 3.6 0.5% 22.3% 39.1% Demand 48.6 42.6 49.6 45.3 47.1 49.2 6.5% 4.5% 15.4% Current Savings 149.4 147.0 146.3 157.2 173.3 168.8 22.2% -2.6% 14.9% Time Deposits 363.6 383.2 383.8 384.9 381.5 403.3 52.9% 5.7% 5.3% Time 159.5 181.1 182.3 188.8 182.3 199.9 26.2% 9.6% 10.4% Time Savings 156.3 156.7 156.5 151.7 156.3 160.6 21.1% 2.7% 2.4% Interbank 1 47.8 45.4 45.0 44.4 42.9 42.9 5.6% -0.1% -5.5% Foreign Currency 2 137.4 129.4 125.4 134.9 156.0 136.8 18.0% -12.3% 5.7% Total Deposits 702.0 704.9 707.8 725.2 760.9 761.8 100.0% 0.1% 8.1% Note: 1. Including postal deposits 2. Foreign currency includes both current and time deposits. 28
Loan Mix NT$bn % 1Q11 v s 4Q10 1Q11 v s 1Q10 Corporate Loans 199.6 207.1 210.5 216.8 226.1 247.7 43.4% 9.5% 19.6% Consumer Loans 311.6 313.6 317.1 319.4 324.5 323.5 56.6% -0.3% 3.1% Housing Loans 1 245.7 248.2 253.8 257.8 264.1 264.7 46.3% 0.2% 6.7% Unsecured Loans 2 49.5 49.4 47.5 46.0 44.7 43.1 7.5% -3.7% -12.9% - Good Bank 35.6 35.7 34.7 34.0 33.5 32.6 5.7% -2.7% -8.7% - Bad Bank 14.7 14.6 13.8 13.0 12.2 11.5 2.0% -5.7% -21.2% Other Consumer Loans 3 16.4 16.0 15.8 15.7 15.7 15.7 2.7% 0.2% -1.7% Total Loans 511.2 520.7 527.7 536.3 550.6 571.2 100.0% 3.7% 9.7% Note: 1. Housing loans include first mortgage, second mortgage and home equity. 2. Unsecured loans include cash card, credit card revolving & loan products and personal lending. We split unsecured loans as good bank (Non- IDRP) and bad bank (IDRP) based on buckets of M0-M3 which include a small portion of past due loans. However, loan outstanding for each product we provide excludes past due loan. Thus, there is a small gap between unsecured loans and the sum of good bank + bad bank. 3. Other loans include auto, retail SME and other products. 29
NPL & Coverage Ratios by Loan Book Dec 09 Mar 10 Jun 10 Sep 10 Dec 10 Mar 11 Corporate Loan 1 Overall Consumer Loan 1 NPL % 2 0.60% 0.50% 0.49% 0.50% 0.41% 0.38% Coverage % 294% 353% 312% 255% 307% 322% NPL % 2 0.63% 0.49% 0.42% 0.36% 0.31% 0.29% Coverage % 216% 265% 281% 314% 377% 397% Default % 3 0.36% 0.38% 0.28% 0.23% 0.18% 0.13% Unsecured IDRP NPL % 3.19% 2.54% 2.51% 2.21% 1.84% 1.64% Coverage % 616% 731% 737% 834% 809% 913% Note 1. NPL and coverage for corporate loan and overall consumer loan include AR 2. NPL calculation is NPL (including AR) / (total loan + overdue loan + credit card revolving) 3. IDRP monthly default rate is calculated as (current month default OS / last month pay) 30