Q3 2020 Fubon Financial Holding Co Ltd Earnings Call Transcript

Nov 25, 2020 / 08:30AM GMT
Operator

Thank you for standing by, and welcome to the Fubon Financial's first 9 months of 2020 financial results. (Operator Instructions) This call is being recorded. If you have any objections, you may disconnect at this point.

Now I'll turn the meeting over to Amanda Wang. You may now begin.

Amanda Wang - Fubon Financial Holding Co., Ltd. - SVP

Thank you. Welcome, everyone. Thank you for joining the call today. I'm Amanda Wang from Fubon's Investor Relations.

Next, I will walk you through the key highlights of Fubon's first 9 months results, followed by a Q&A from the management.

Please turn to Page 4 of the presentation. Fubon Financial made a net profit of TWD 68.2 billion for the first 9 months. That represents 27% growth year-over-year in spite of the COVID-19 pandemic.

The key highlights. Firstly, in Taipei Fubon Bank, we continue to deliver balance sheet adjustment, and the asset quality remained benign. We grow the investment type of -- in wealth management offering. And also, we have the highest growth among peers in

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