Taiwan's Financial Sectors Achieve Record Q1 Profits of Nearly NT$371 Billion, Driven by Bull Market
Taiwan's three major financial sectors (banking, insurance, and securities/futures/investment trusts) collectively achieved a pre-tax profit of NT$370.997 billion in the first quarter of this year, surpassing NT$317.63 billion in Q1 2021 and setting a new record for the same period. This strong performance was primarily driven by a robust stock market and thriving exports from the AI and semiconductor industries.
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- 📰 Published: May 10, 2026 at 19:22
- 🔍 Collected: May 10, 2026 at 19:31 (9 min after Published)
- 🤖 AI Analyzed: May 10, 2026 at 19:54 (22 min after Collected)
Central News Agency
(Central News Agency reporter Su Siyun, Taipei, May 10th) Taiwan's stock market has repeatedly hit new highs this year. Despite the outbreak of the US-Iran war at the end of February, which caused market volatility and affected March's profits, it did not hinder the banking and securities/futures industries from reaching new record profits in the first quarter. The securities industry's first-quarter profit even grew by 225%. The three major financial sectors achieved a first-quarter profit of NT$370.997 billion this year, a year-on-year increase of 37.09%, surpassing the NT$317.63 billion in the first quarter of 2021 and setting a new historical high for the same period.
The Financial Supervisory Commission (FSC) announced the pre-tax net profit of the three major financial sectors, covering banking, insurance, and securities/futures/investment trust industries. Among them, the banking industry includes domestic banks, foreign banks in Taiwan, mainland Chinese banks in Taiwan, credit cooperatives, bills finance companies, and postal savings. The insurance industry includes life insurance and property insurance.
FSC statistics show that the banking industry's cumulative pre-tax profit in the first quarter of this year was NT$195.24 billion, again setting a new record for the same period, with a year-on-year increase of 28.5%. Domestic banks' profit of NT$174.28 billion also set a new record for the same period, with a year-on-year growth of 20.5%. Zhang Jia-kuei, Deputy Director-General of the FSC's Banking Bureau, explained that the three major profit sources for the banking industry, including interest, fees, and net investment income, all increased.
Domestic bank operators analyzed that Taiwan benefited from the strong exports of the AI and semiconductor industries, leading to robust economic growth, which in turn drove significant growth in deposit and loan businesses. In addition, the excellent performance of the capital market at the beginning of this year boosted fee income from wealth management businesses, pushing up profitability.
The insurance industry's pre-tax profit in the first quarter of this year was NT$108.2 billion, a year-on-year increase of 16%. Among them, the life insurance industry's profit was NT$96.4 billion, a year-on-year increase of 13.5%; the property insurance industry's pre-tax profit was NT$11.8 billion, a simultaneous year-on-year increase of 43.9%.
FSC officials explained that due to the adoption of IFRS 17 (International Financial Reporting Standard 17 Insurance Contracts) this year, the insurance industry's core business profits have been relatively stable. However, in March, affected by the US-Iran conflict, the life insurance industry's investment income was impacted, and March's profit turned from gain to loss.
Taiwan's stock market repeatedly hit new highs, driving the securities/futures industry's first-quarter pre-tax profit to NT$67.557 billion, setting a new record for the same period, with a year-on-year increase of 164%. Among them, securities firms made a huge profit of NT$54.233 billion, a year-on-year growth of 225%; investment trust firms' profit was NT$9.989 billion, a year-on-year increase of 49.94%; and futures firms' profit was NT$3.335 billion, a year-on-year increase of 47.05%. Wang Hsiu-ling, Chief Secretary of the FSC's Securities and Futures Bureau, pointed out that the excellent performance of Taiwan's stock market in the first quarter and active trading also boosted the overall revenue of securities firms. Investment trust firms' management fee income increased due to the rise in assets under management. (Edited by: Yang Lanxuan) 1150510
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(Central News Agency reporter Su Siyun, Taipei, May 10th) Taiwan's stock market has repeatedly hit new highs this year. Despite the outbreak of the US-Iran war at the end of February, which caused market volatility and affected March's profits, it did not hinder the banking and securities/futures industries from reaching new record profits in the first quarter. The securities industry's first-quarter profit even grew by 225%. The three major financial sectors achieved a first-quarter profit of NT$370.997 billion this year, a year-on-year increase of 37.09%, surpassing the NT$317.63 billion in the first quarter of 2021 and setting a new historical high for the same period.
The Financial Supervisory Commission (FSC) announced the pre-tax net profit of the three major financial sectors, covering banking, insurance, and securities/futures/investment trust industries. Among them, the banking industry includes domestic banks, foreign banks in Taiwan, mainland Chinese banks in Taiwan, credit cooperatives, bills finance companies, and postal savings. The insurance industry includes life insurance and property insurance.
FSC statistics show that the banking industry's cumulative pre-tax profit in the first quarter of this year was NT$195.24 billion, again setting a new record for the same period, with a year-on-year increase of 28.5%. Domestic banks' profit of NT$174.28 billion also set a new record for the same period, with a year-on-year growth of 20.5%. Zhang Jia-kuei, Deputy Director-General of the FSC's Banking Bureau, explained that the three major profit sources for the banking industry, including interest, fees, and net investment income, all increased.
Domestic bank operators analyzed that Taiwan benefited from the strong exports of the AI and semiconductor industries, leading to robust economic growth, which in turn drove significant growth in deposit and loan businesses. In addition, the excellent performance of the capital market at the beginning of this year boosted fee income from wealth management businesses, pushing up profitability.
The insurance industry's pre-tax profit in the first quarter of this year was NT$108.2 billion, a year-on-year increase of 16%. Among them, the life insurance industry's profit was NT$96.4 billion, a year-on-year increase of 13.5%; the property insurance industry's pre-tax profit was NT$11.8 billion, a simultaneous year-on-year increase of 43.9%.
FSC officials explained that due to the adoption of IFRS 17 (International Financial Reporting Standard 17 Insurance Contracts) this year, the insurance industry's core business profits have been relatively stable. However, in March, affected by the US-Iran conflict, the life insurance industry's investment income was impacted, and March's profit turned from gain to loss.
Taiwan's stock market repeatedly hit new highs, driving the securities/futures industry's first-quarter pre-tax profit to NT$67.557 billion, setting a new record for the same period, with a year-on-year increase of 164%. Among them, securities firms made a huge profit of NT$54.233 billion, a year-on-year growth of 225%; investment trust firms' profit was NT$9.989 billion, a year-on-year increase of 49.94%; and futures firms' profit was NT$3.335 billion, a year-on-year increase of 47.05%. Wang Hsiu-ling, Chief Secretary of the FSC's Securities and Futures Bureau, pointed out that the excellent performance of Taiwan's stock market in the first quarter and active trading also boosted the overall revenue of securities firms. Investment trust firms' management fee income increased due to the rise in assets under management. (Edited by: Yang Lanxuan) 1150510
Choose to stand with the facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency's "First-hand News" APP to get the latest news instantly.
Text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.