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First Financial Holding Co. Ltd. Annual Report 2016

Feb 23, 2017

52222_rns_2017-02-23_36c7f139-e6ac-4c4c-a222-f05ab76dc000.pdf

Annual Report

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First Financial Holding 2016 Full Year Earnings Result -Preliminary

Feb. 23, 2017

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Disclaimer

This presentation is provided by First Financial Holding Co., Ltd. (“FFHC”). The information contained within is not reviewed or reviewed by any accountant or any independent third party. Users should read this material in conjunction with all other public financial and operational information filed to the competent authorities by FFHC. While we endeavor to provide accurate, complete and consistent information herein, FFHC makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to reflect any change hereafter.

Users should also notice that this presentation may contain forward-looking statements. Statements that are not historical facts, including statements relating to the implementation of strategic initiatives, future business development and economic performance are forward-looking statements. By their nature, forward-looking statements involve uncertainties, risks, assumptions and other factors that could cause actual developments and results to differ materially from our statement in this presentation. These factors include, but not limited to, regulatory developments, competitive conditions, technological developments, general economic conditions and management changes.

The information, statements or opinions in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation respect to such securities or other financial instruments. First Group and all its affiliates representatives, no matter for their negligence or any other reasons, should not be liable for any loss or damages arising from the use of or interpretation by others of information contained within this presentation or any matter related to this document.

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Contents

  • At a Glance

  • Financial Highlight

  • Operating Results

  • Appendix

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At a Glance

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Group Net Income Trend (in NT$ mn )
Consolidated Net Income
Re-cap. 1.6 bn
shares
Re-cap. 800
mn shares
+8.2%
17,275
15,962
14,078
10,877
10,118
7,471
2011 2012 2013 2014 2015 2016
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  • In 2016, group posted +8.2 % YoY earnings :

A total of NT 17,275 mn net profit mainly driven from Bank subsidiary, which reported NT 17,699 mn net, grew by +9.9% YoY.

  • Diversified loan portfolio strategy underpinned margin and reduced

  • credit cost:

High-yield overseas and SME loan book expanded by +10.7% and +6.5%, respectively, made up for impacts of CBC rate cuts and OBU business contraction; prudent policy minimized 2016’s credit cost.

Macro gradually rebound from trough:

Exp./import sectors bottomed-out since 4Q16 and will continue to first half of 2017.

Glory & Honors :

In 4Q16, FFHC was awarded “CSR Practice Award” by British BSI Association , another honor after selected by DJSI as an index component of the 2016 DJSI Emerging Markets Indices in Sep. 2016.

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2016 Financial Highlight

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2016 Key Figures



Key Figures ( in NT$ dollar, NT$ mn, mn shares or %)
Consolidated Net Income1
Comprehensive Income
Total Assets
EPS
Book per share
Capital Stock
ROAE
3
ROAA
3
Group CAR4
Double Leverage5
2016
17,2751
14,921
2,541,148
1.45
16.01
119,769
9.10%
0.69%
139.13%
106.29%
YoY %
8.2%
-8.9%
1.6%
-6.5%
-2.2%
4.5%
-2.4%
4.5%
-9.3%
1.1%
2015
15,9621
16,375
2,500,096
1.55
16.37
114,611
9.32%
0.66%
153.43%
105.23%
2016 Net Income Breakdown1( in NT$ mn)

Key Figures ( in NT$ dollar, NT$ mn, mn shares or %)
Consolidated Net Income1
Comprehensive Income
Total Assets
EPS
Book per share
Capital Stock
ROAE
3
ROAA
3
Group CAR4
Double Leverage5
2016
17,2751
14,921
2,541,148
1.45
16.01
119,769
9.10%
0.69%
139.13%
106.29%
YoY %
8.2%
-8.9%
1.6%
-6.5%
-2.2%
4.5%
-2.4%
4.5%
-9.3%
1.1%
2015
15,9621
16,375
2,500,096
1.55
16.37
114,611
9.32%
0.66%
153.43%
105.23%
Banking
NT$17,699; 102.5%
Securities
NT$(229); -1.3%
Investment Trust
NT$64; 0.4%
Others
NT$(112);-0.7%
Insurance
NT$(147); -0.9%

  1. Based on the classification of specific company’s business units, financial information by business segments should be listed individually.

  2. Comprehensive Income Statement is required by IFRS.

  3. Annualized figures. . 4. Preliminary data.

  4. Double Leverage = Equity Investment / Shareholder Equity

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Net Income & Comprehensive Income

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2016 Consolidated Net Income & Comprehensive Income (in NT$ mn)
Credit (2,244)
Insurance (871)
44,795 (3,115)
(21,493)
8.2%
↑
(2,912)
17,275 14,921
(2,354)
Net Revenue Provision Operating Income Tax Net Income Other Items Comprehensive
Expense Income
2015 Consolidated Net Income & Comprehensive Income (in NT$ mn)
Credit (518)
Insurance 540
40,848 22 (21,894)
(3,014)
15,962 16,375
413
Net Revenue Provision Operating Income Tax Net Income Other Items Comprehensive
Expense Income
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Net Income Breakdown by Subsidiaries*

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2016 FFHC Net Income Breakdown (in NT$ mn)
↑8.2%
↑9.9%
17,699
17,275
FFHC (75)
Aviva (72)
(229)
64 (147)
First Bank First Securities FSITC First-Aviva FFHC
2015 FFHC Net Income Breakdown (in NT$ mn)
16,100 15,962
FFHC (46)
Aviva (44)
174 102 (90)
First Bank First Securities FSITC First-Aviva FFHC
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  • Major 4 subsidiaries were listed.

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2016 Operating Results

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FFHC & First Bank Profitability -After Tax

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FFHC Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
10.52% 10.50%
9.45% 9.32% 9.28% 9.36% 9.47% 9.10%
17,275
15,962
13,407
12,018
8,108 8,746
4,109 4,406
3M 15 6M 15 9M 15 2015 3M 16 6M 16 9M 16 2016
First Bank Net Income & ROAE (in NT$ mn & %)
Cumulative Net Income Annualized ROAE
10.56% 10.32% 10.36%
9.60% 9.56% 9.86% 9.83% 9.46%
17,699
16,100
13,685
12,013
9,072
7,896
4,100 4,808
3M 15 6M 15 9M 15 2015 3M 16 6M 16 9M 16 2016
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1.Minority interests included

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FB 2016 Pre-tax Profit

38,275
41,343
2015
2016
Cumulative Net Revenue
+8.0%
Item
2015		 2016 Change
NII
71.9%		 67.2% -4.7%
Net Fee
18.7%		 18.4% -0.3%
Gain on ST Invest.
-0.1%		 0.7% +0.8%
Gain on LT invest.
1.5%		 2.3% +0.8%
Gain on fin. Products
7.4%		 10.5% +3.1%
Others
0.6%		 0.9% +0.3%
z
Total Revenue
100.0%		 100.0%
Provision Expense (net)
-1.2%		 -5.0% +3.8%
Operating Expense
-49.0%		 -45.5% -3.5%
FB Revenue/Expense Comparison(in NT$ mn ) Income Before Tax
49.8%		 49.5% -0.3%
↓32.8%
27,494
7,160
3,372
27,797
7,619
5,550
↑1.1%
↑6.4%
↑64.6%

Preliminary data

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FB 2016 Loan Book Mix

2016 2016 2016 Loan Book1 (in NT$ bn or %)
1,486.5
1,547.1
2015
2016
Loan Book1
+4.1%		 Loan Book1 (in NT$ bn or %)
1,486.5
1,547.1
2015
2016
Loan Book1
+4.1%		 784.3
741.0
323.4
329.5
20152016
20152016
F/X↑1.9%
Commercial Loan
(Gov./SOE included)
F/X Loan
Item
2015
2016
Change
Consumer
28.4%
28.0%
-0.4%
Mortgage
26.7%
26.2%
-0.5%
Other Consumer Loan
1.7%
1.8%
+0.1%
Corporate Banking
71.6%
72.0%
+0.4%
Commercial Loan
(Gov./SOE included) )
49.8%
50.7%
+0.9%
--- SME
40.9%
41.9%
+1.0%
F/X/ Loan
21.8%
21.3%
-0.5%
--- Overseas
11.9%
12.6%
+0.7%
Loan Book1
100.0%
100.0%
% of Loan Book1
↑5.9%
SME2
608.2
SME2
610.6
Overseas
176.2
SME↑6.5%
Overseas
195.2
Overseas
↑ 10.7%
SME2
647.8		 784.3
741.0
323.4
329.5
20152016
20152016
F/X↑1.9%
Commercial Loan
(Gov./SOE included)
F/X Loan
Item
2015
2016
Change
Consumer
28.4%
28.0%
-0.4%
Mortgage
26.7%
26.2%
-0.5%
Other Consumer Loan
1.7%
1.8%
+0.1%
Corporate Banking
71.6%
72.0%
+0.4%
Commercial Loan
(Gov./SOE included) )
49.8%
50.7%
+0.9%
--- SME
40.9%
41.9%
+1.0%
F/X/ Loan
21.8%
21.3%
-0.5%
--- Overseas
11.9%
12.6%
+0.7%
Loan Book1
100.0%
100.0%
% of Loan Book1
↑5.9%
SME2
608.2
SME2
610.6
Overseas
176.2
SME↑6.5%
Overseas
195.2
Overseas
↑ 10.7%
SME2
647.8
Item
2015
2016
Change
Consumer
28.4%
28.0%
-0.4%
Mortgage
26.7%
26.2%
-0.5%
Other Consumer Loan
1.7%
1.8%
+0.1%
Corporate Banking
71.6%
72.0%
+0.4%
Commercial Loan
(Gov./SOE included) )
49.8%
50.7%
+0.9%
--- SME
40.9%
41.9%
+1.0%
F/X/ Loan
21.8%
21.3%
-0.5%
--- Overseas
11.9%
12.6%
+0.7%
+0.7%
Loan Book1
100.0%
100.0%
397.5
24.7
405.9
27.5
20152016
20152016
↑2.1%
2016 Loan Book1 Breakdown(in NT$ bn )
Mortgage
Other Consumer
Loan
↑ 11.5%		 784.3
741.0
323.4
329.5
20152016
20152016
F/X↑1.9%
Commercial Loan
(Gov./SOE included)
F/X Loan
↑5.9%
SME2
608.2
SME2
610.6
Overseas
176.2
SME↑6.5%
Overseas
195.2
Oversea
↑ 10.7%
SME2
647.8
20152016
20152016
Mortgage
Other Consumer
Loan

  1. Loan Book does not include NALs

  2. SME as defined by the “Act for Development of Small & Medium Enterprises; both NTD & Foreign currency loan included

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FB Loan Breakdown

-QoQ Comparison

FB Loan Growth(in NT$ bn) FB Loan Growth(in NT$ bn) QoQ%
+0.5%
+7.8%
+3.6%
-0.9%
+2.3%		 QoQ%
+0.5%
+7.8%
+3.6%
-0.9%
+2.3%
323.4
309.1
327.0
322.1
329.5
132.8
154.3
131.5
137.7
136.4
608.2
595.1
610.6
625.1
647.8
24.7
24.0
25.0
25.5
27.5
397.5
396.7
400.1
403.9
405.9
4Q15
1Q16
2Q16
3Q16
4Q16
SME
Mortgage
Commercial
Loan
1,486.5
1,479.2
1,494.2
1,514.3
1,547.1
F/X loan
Total loan
Consumer
Loan
Others		 QoQ%
+0.5%
+7.8%
+3.6%
-0.9%
+2.3%
+0.5%
+7.8%
+3.6%
-0.9%
+2.3%
4Q15
1Q16
2Q16
3Q16
4Q16

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FB 2016 LDR, SPREAD &NIM

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Total Loan & LDR (in NT$ bn or % ) Total Loan [1] LDR [2]
83.03%
80.21%
78.55% 77.94% 76.88% 77.30% 78.56% 79.15% 79.04%
1,507.1 1,456.2 1,431.1 1,468.0 1,489.5 1,482.6 1,497.3 1,517.3 1,550.8
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16
△
Loan-Deposit Spread / NIM ( in % ) Spread [3] NIM [3]
1.60% 1.62% 1.61% 1.63% 1.64% 1.64% 1.64% 1.65%
1.55%
1.28% 1.29% 1.28%
1.25% 1.26% 1.27% 1.26% 1.26% 1.26%
4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16
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  1. Total Loan = loan + import/export negotiation + NALs

  2. LDR = Total loan / Total deposit, starting from 2012, total deposit does not include structured deposit.

  3. Annual cumulative Average Spread and NIM

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FB 2016 Deposit Mix

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FB Deposit Structure (in NT$ bn ) FB NTD Deposit CASA Rate (in %)
NTD Deposit F/X deposit
NTD CASA rate
4Q16 Total
Deposit
489.2 496.2
$1961.1 bn △
67.09%
65.03% 65.17%
64.17% 63.82%
+1.8%
1,446.80 1,464.9
2H14 1H15 2H15 1H16 2H16
2015 2016
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FB 2016 Fee Income Breakdown

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2016 Cumulative Net Fee Income (in NT$ mn or %) % of Cumulative Net Fee
Item 2015 2016 Change
7,619
WM [1 ] 54.4% 56.2% +1.8%
Loan-related 15.0% 16.4% +1.4%
7,160 +6.4%
F/X 12.6% 11.6% -1.0%
Credit Card 5.9% 5.3% -0.6%
2015 2016
Other [2] 12.1% 10.5% -1.6%
Net Fee Income Cumulative Net Fee 100.0% 100.0%
2016 Cumulative Net Fee Breakdown ( in NT$ mn )
↑10.0%
4,285
3,895
↑ 15.8%
↓ 2.2%
↓ 23.7% 1,247
1,077
901 881 407 865 799
422
↑3.0%
2015 2016 2015 2016 2015 2016 2015 2016 2015 2016
WM Fee [1] Loan-related F/X Credit Card Other [2]
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  1. WM Fee = Custodian Fee + Trust-related Fee + Bancassurance Fee

  2. Other represents network service fee, including overseas branches

  3. Starting from July. 2016, property and casualty insurance fee income reclassified from others to WM(bancassurance) due to re-organization.

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FB Fee Income Breakdown

-QoQ Comparison

Fee Income(in NT$ mn) Fee Income(in NT$ mn)
529
588
651
736
587
98
93
94
101
93
323
392
290
299
266
238
229
207
223
112
85
106
90
126
261
229
217
177
176
327
381
352
361
282
222
4Q15
1Q16
2Q16
3Q16
4Q16
Loan Related
Credit Card
F/X Related
Fee Income
Others
*
1,922
1,898
1,907
1,991
1,823
Mutual Fund
Custodian
Wealth
MGT.
*Bacassurance
  • Wealth Management Fee = Fund sales + Bancassurance + Custodian

*Other represents network service fee, including overseas branches Starting from July. 2016, property and casualty insurance fee income reclassified from others to WM(bancassurance) due to re-organization.

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FB 2016 Cost-to-Income Ratio

18,752
18,822
2015
2016
Operating Expense
Cumulative Operating Expense (in NT$ mn )
+0.4%		 Cost-to-Income Ratio Analysis( in NT$ mn) Cost-to-Income Ratio Analysis( in NT$ mn) Cost-to-Income Ratio Analysis( in NT$ mn)
2016
Item
2015
2016
Net Revenue
38,275
41,343
Operating Expense
(18,752)		 (18,822)
Provision(Net)
(473)		 (2,050)
Income Tax
(2,950)		 (2,772)
Net Income
16,100
17,699

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Quarterly Operating Expense & Cumulated Cost-to-Income Ratio ( in NT$ mn or % )
Net Revenue Operating Expense Cumulated Cost-to-Income Ratio
49.75%
48.77% 48.99%
45.53%
44.20% 44.84% 44.65%
10,147 9,923 10,574 10,036 10,682 10,051
9,003
4,653 4,769 4,926 4,674 4,567 4,732 4,849
2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16
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FB 2016 Asset Quality

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NPL Amount, Reserve, Coverage (in NT$ mn or % )
Coverage Ratio LLR ratio (loan loss reserve/total loan, excluding gov.loan)
767.32% 775.31%
751.03%
692.31%
635.75% 625.14%
588.67%
1.40% 1.40%
1.36% 1.36%
1.30%
1.21% 1.22%
NPL Ratio NPL NPL Reserve
0.20% 0.20% 0.20%
0.19% 0.19%
0.18% 0.18%
19,337 20,124 20,738 19,932 19,451 18,276 18,973
2,520 2,596 2,761 2,879 3,060 3,105 3,035
6M15 9M15 2015 3M16 6M16 9M16 2016
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FB NPL Migration by Sectors

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1
Individual & Mortgage NPL Ratios (in %) Large Corp. & SME NPL Ratios (in %)
Individual
Large Corp.
Mortagge
0.23% SME
0.21%
0.22% 0.19%
0.18% 0.20% 0.18%
0.27% 0.30% 0.30% 0.32% 0.28%
0.18%
0.16% 0.06% 0.06%
0.00% 0.00% 0.00%
0.15%
4Q15 1Q16 2Q16 3Q16 4Q16
4Q15 1Q16 2Q16 3Q16 4Q16
Domestic NPL Ratio (in %) Overseas NPL Ratio (in %)
Domestic Overseas
0.22% 0.23% 0.21% 0.24% 0.23%
0.19%
0.19%
0.17%
0.09% 0.10%
4Q15 1Q16 2Q16 3Q16 4Q16
4Q15 1Q16 2Q16 3Q16 4Q16
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  1. Individual: mortgage and non-mortgage loan included

  2. bad-debt recovery not included.

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CAR & Core Capital

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FFHC Group CAR(in %)
Re-cap.
153.43%
CAR
139.13%
132.75% 131.84%
125.34%
119.40% 123.04% 121.24%
statutory CAR 100%
FB CAR & Core Capital(in %)
Re-cap.
13.67% 13.46% 13.27%
12.27%
11.03% 10.90% 10.88% 11.50% CAR
Tier 1
10.93% 10.86% 10.95%
9.02% 9.45%
8.34% 8.31% 8.64%
1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16
1H13 2H13 1H14 2H14 1H15 2H15 1H16 2H16
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  • •Leverage ceiling for holding companies in Taiwan: Double Leverage < 125% ; Debt Ratio < 30% •Preliminary data for 2H16

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Shareholder Return

2011
2012
2013
2014
2015
Cash dividend
0.40
0.45
0.50
0.70
0.95
Stock dividend
0.60
0.65
0.70
0.65
0.45
Total dividend
1.00
1.10
1.20
1.35
1.40
CASH Payout
ratio
39.6%
38.1%
42.4%
49.0%
61.3%
1.00
1.10
1.20
1.35
1.40
1.01
1.43
1.18
1.18
1.55
2011
2012
2013
2014
2015
FFHC Earnings Per Share ( in NT$ dollar )
EPS
Dividend
FFHC Dividend History( in NT$ dollar )
1
2011
2012
2013
2014
2015
Cash dividend
0.40
0.45
0.50
0.70
0.95
Stock dividend
0.60
0.65
0.70
0.65
0.45
Total dividend
1.00
1.10
1.20
1.35
1.40
CASH Payout
ratio
39.6%
38.1%
42.4%
49.0%
61.3%
  1. EPS is adjusted retroactively for stock dividends. ,

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Appendix

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FFHC Consolidated Statement of Comprehensive Income

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FFHC Non-consolidated Income Statement

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FFHC Balance Sheet

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FFHC Key Ratios

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FB Income Statement

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30

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FB Key Ratios

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31

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FB Loan Yields

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32

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FB Loan Quality

FB NPL Migration in NT$ million or %

NPL Migration
NT$ million or %
2014
2015
Q1
Q2
Q3
Q4
2015
2016
Change
L- beginning
6,774
2,951
2,761
2,879
3,060
3,105
2,951
2,761
-6.4%
et new NPL influx
(118)
2,201
1,637
1,628
1,983
918
2,201
6,166
180.1%
Domestic
1,976
1,306
1,607
891
1,391
722
1,306
4,611
253.1%
Overseas
(2,094)
895
30
737
592
196
895
1,555
73.7%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
L- ending balance
2,951
2,761
2,879
3,060
3,105
3,035
2,761
3,035
9.9%
wance for loan loss- beginning
17,730
20,089
20,738
19,932
19,451
18,276
20,089
20,738
3.2%
rovisions for loan loss
5,863
2,919
740
971
850
1,677
2,919
4,238
45.2%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
thers
201
121
(27)
(5)
(87)
8
121
(111)
wance for loan loss- ending
20,089
20,738
19,932
19,451
18,276
18,973
20,738
18,973
-8.5%
overy from bad debt
2,240
2,554
569
352
276
1149
2,554
2,346
-8.1%
Domestic
1,501
2,213
546
316
253
960
2,213
2075
-6.2%
Overseas
679
282
8
22
9
175
282
214
-24.1%
Credit card
60
59
15
14
14
14
59
57
-3.4%
on-consolidated basis
Year-over-Year Comparison
2016 Quarterly
Full Year Results		 NPL Migration
NT$ million or %
2014
2015
Q1
Q2
Q3
Q4
2015
2016
Change
L- beginning
6,774
2,951
2,761
2,879
3,060
3,105
2,951
2,761
-6.4%
et new NPL influx
(118)
2,201
1,637
1,628
1,983
918
2,201
6,166
180.1%
Domestic
1,976
1,306
1,607
891
1,391
722
1,306
4,611
253.1%
Overseas
(2,094)
895
30
737
592
196
895
1,555
73.7%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
L- ending balance
2,951
2,761
2,879
3,060
3,105
3,035
2,761
3,035
9.9%
wance for loan loss- beginning
17,730
20,089
20,738
19,932
19,451
18,276
20,089
20,738
3.2%
rovisions for loan loss
5,863
2,919
740
971
850
1,677
2,919
4,238
45.2%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
thers
201
121
(27)
(5)
(87)
8
121
(111)
wance for loan loss- ending
20,089
20,738
19,932
19,451
18,276
18,973
20,738
18,973
-8.5%
overy from bad debt
2,240
2,554
569
352
276
1149
2,554
2,346
-8.1%
Domestic
1,501
2,213
546
316
253
960
2,213
2075
-6.2%
Overseas
679
282
8
22
9
175
282
214
-24.1%
Credit card
60
59
15
14
14
14
59
57
-3.4%
on-consolidated basis
Year-over-Year Comparison
2016 Quarterly
Full Year Results		 NPL Migration
NT$ million or %
2014
2015
Q1
Q2
Q3
Q4
2015
2016
Change
L- beginning
6,774
2,951
2,761
2,879
3,060
3,105
2,951
2,761
-6.4%
et new NPL influx
(118)
2,201
1,637
1,628
1,983
918
2,201
6,166
180.1%
Domestic
1,976
1,306
1,607
891
1,391
722
1,306
4,611
253.1%
Overseas
(2,094)
895
30
737
592
196
895
1,555
73.7%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
L- ending balance
2,951
2,761
2,879
3,060
3,105
3,035
2,761
3,035
9.9%
wance for loan loss- beginning
17,730
20,089
20,738
19,932
19,451
18,276
20,089
20,738
3.2%
rovisions for loan loss
5,863
2,919
740
971
850
1,677
2,919
4,238
45.2%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
thers
201
121
(27)
(5)
(87)
8
121
(111)
wance for loan loss- ending
20,089
20,738
19,932
19,451
18,276
18,973
20,738
18,973
-8.5%
overy from bad debt
2,240
2,554
569
352
276
1149
2,554
2,346
-8.1%
Domestic
1,501
2,213
546
316
253
960
2,213
2075
-6.2%
Overseas
679
282
8
22
9
175
282
214
-24.1%
Credit card
60
59
15
14
14
14
59
57
-3.4%
on-consolidated basis
Year-over-Year Comparison
2016 Quarterly
Full Year Results		 NPL Migration
NT$ million or %
2014
2015
Q1
Q2
Q3
Q4
2015
2016
Change
L- beginning
6,774
2,951
2,761
2,879
3,060
3,105
2,951
2,761
-6.4%
et new NPL influx
(118)
2,201
1,637
1,628
1,983
918
2,201
6,166
180.1%
Domestic
1,976
1,306
1,607
891
1,391
722
1,306
4,611
253.1%
Overseas
(2,094)
895
30
737
592
196
895
1,555
73.7%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
L- ending balance
2,951
2,761
2,879
3,060
3,105
3,035
2,761
3,035
9.9%
wance for loan loss- beginning
17,730
20,089
20,738
19,932
19,451
18,276
20,089
20,738
3.2%
rovisions for loan loss
5,863
2,919
740
971
850
1,677
2,919
4,238
45.2%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
thers
201
121
(27)
(5)
(87)
8
121
(111)
wance for loan loss- ending
20,089
20,738
19,932
19,451
18,276
18,973
20,738
18,973
-8.5%
overy from bad debt
2,240
2,554
569
352
276
1149
2,554
2,346
-8.1%
Domestic
1,501
2,213
546
316
253
960
2,213
2075
-6.2%
Overseas
679
282
8
22
9
175
282
214
-24.1%
Credit card
60
59
15
14
14
14
59
57
-3.4%
on-consolidated basis
Year-over-Year Comparison
2016 Quarterly
Full Year Results		 NPL Migration
NT$ million or %
2014
2015
Q1
Q2
Q3
Q4
2015
2016
Change
L- beginning
6,774
2,951
2,761
2,879
3,060
3,105
2,951
2,761
-6.4%
et new NPL influx
(118)
2,201
1,637
1,628
1,983
918
2,201
6,166
180.1%
Domestic
1,976
1,306
1,607
891
1,391
722
1,306
4,611
253.1%
Overseas
(2,094)
895
30
737
592
196
895
1,555
73.7%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
L- ending balance
2,951
2,761
2,879
3,060
3,105
3,035
2,761
3,035
9.9%
wance for loan loss- beginning
17,730
20,089
20,738
19,932
19,451
18,276
20,089
20,738
3.2%
rovisions for loan loss
5,863
2,919
740
971
850
1,677
2,919
4,238
45.2%
et write-offs
(3,705)
(2,391)
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
thers
201
121
(27)
(5)
(87)
8
121
(111)
wance for loan loss- ending
20,089
20,738
19,932
19,451
18,276
18,973
20,738
18,973
-8.5%
overy from bad debt
2,240
2,554
569
352
276
1149
2,554
2,346
-8.1%
Domestic
1,501
2,213
546
316
253
960
2,213
2075
-6.2%
Overseas
679
282
8
22
9
175
282
214
-24.1%
Credit card
60
59
15
14
14
14
59
57
-3.4%
on-consolidated basis
Year-over-Year Comparison
2016 Quarterly
Full Year Results
FB
in
2014
2015
6,774
2,951
(118)
2,201
1,976
1,306
(2,094)
895
(3,705)
(2,391)
2,951
2,761
17,730
20,089
5,863
2,919
(3,705)
(2,391)
201
121
20,089
20,738
2,240
2,554
1,501
2,213
679
282
60
59
Full Year Results		 Q1
Q2
Q3
Q4
2015
2016
Change
2,761
2,879
3,060
3,105
2,951
2,761
-6.4%
1,637
1,628
1,983
918
2,201
6,166
180.1%
1,607
891
1,391
722
1,306
4,611
253.1%
30
737
592
196
895
1,555
73.7%
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
2,879
3,060
3,105
3,035
2,761
3,035
9.9%
20,738
19,932
19,451
18,276
20,089
20,738
3.2%
740
971
850
1,677
2,919
4,238
45.2%
(1,519)
(1,447)
(1,938)
(988)
(2,391)
(5,892)
146.4%
(27)
(5)
(87)
8
121
(111)
19,932
19,451
18,276
18,973
20,738
18,973
-8.5%
569
352
276
1149
2,554
2,346
-8.1%
546
316
253
960
2,213
2075
-6.2%
8
22
9
175
282
214
-24.1%
15
14
14
14
59
57
-3.4%
Year-over-Year Comparison
2016 Quarterly
2016 Change
NP
N


N
NP
Allo
P
N
O
Allo
Rec

 L- beginning
et new NPL influx
Domestic
Overseas
et write-offs
L- ending balance
wance for loan loss- beginning
rovisions for loan loss
et write-offs
thers
wance for loan loss- ending
overy from bad debt
Domestic
Overseas
Credit card		 2,761
6,166		 -6.4%
180.1%
253.1%
73.7%
146.4%
9.9%
3.2%
45.2%
146.4%
-8.5%
-8.1%
-6.2%
-24.1%
-3.4%
4,611
1,555
(5,892)
3,035
20,738
4,238
(5,892)
(111)
18,973
2,346
2075
214
57
1. N
  1. Non-consolidated basis

33

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First Sec. Operating Report

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34

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FSITC Operating Report

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35

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– First Aviva Operating Report

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36

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Q&A

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