Shanghai Commercial & Savings Bank: Will Adopt Flexible Strategies to Cope with Rapidly Changing External Challenges
In an online investor conference, Shanghai Commercial & Savings Bank (SCSB) and Taichung Bank shared their outlooks for the future market. Despite strong profits in the first quarter of this year, both banks expressed a cautious stance. SCSB President Kuo Chin-yi noted that they will closely monitor uncertainties such as geopolitics, trade policies, and central bank monetary policies, and will adopt flexible operational strategies. Taichung Bank also stated it will operate cautiously to preserve its gains. Financially, SCSB's Q1 consolidated net profit after tax grew 10.74% year-on-year to NT$6.52 billion, with an EPS of NT$1.05. Taichung Bank's Q1 net profit after tax increased by 11.59% year-on-year to NT$2.426 billion, with an EPS of NT$0.4.
📋 Article Processing Timeline
- 📰 Published: May 18, 2026 at 17:14
- 🔍 Collected: May 18, 2026 at 17:31 (17 min after Published)
- 🤖 AI Analyzed: May 18, 2026 at 21:17 (3h 45m after Collected)
(CNA, Reporter Lu Yen-tzu, Taipei, 18th) The Taiwanese stock market has repeatedly hit new highs this year, leading to a vibrant capital market and a bountiful profit performance for the financial industry. Looking ahead, Shanghai Commercial & Savings Bank (SCSB) stated today that external challenges are changing rapidly, and it will adopt flexible operational strategies to respond. Taichung Bank, meanwhile, said it will continue to operate cautiously to preserve its gains.
SCSB held an online investor conference today at the invitation of Hua Nan Securities. President Kuo Chin-yi explained that this year's global economic outlook is still affected by uncertain factors such as geopolitical conflicts, US trade policy, and the monetary policies of major central banks, which impact financial market stability. Faced with rapidly changing external challenges, the bank will closely monitor changes in the operating environment, adopt flexible and appropriate operational strategies, advance various businesses, and continue to create revenue and profit.
In terms of financial performance, SCSB's consolidated net profit after tax for the first quarter of this year was NT$6.52 billion, an increase of 10.74% year-on-year. The income from major businesses maintained its growth momentum, with net fee and commission income increasing by 13.04% year-on-year. Earnings per share (EPS) were NT$1.05, better than the NT$0.96 from the same period last year.
Kuo Chin-yi mentioned that the bank will continue to strengthen "low-capital-consumption fee-based businesses" and promote insurance business with a focus on "asset succession" and "tax source reservation." In the first quarter, individual insurance commission income grew by 24.5% compared to the same period last year, and the proportion of non-interest income to net revenue also increased significantly.
Taichung Bank held an online investor conference today to announce its operating results for the first quarter of this year. Taichung Bank's net profit after tax for the first quarter was NT$2.426 billion, an increase of 11.59% year-on-year, and its EPS was NT$0.4, an increase of 8.11% year-on-year. Total assets were NT$1.0169 trillion, and net worth was NT$93.6 billion.
Regarding the outlook for the financial market in the second quarter and the second half of the year, Taichung Bank explained that in the first quarter of this year, the US stock market drove up the Taiwanese stock market, and investment income was good. However, since April, the Taiwanese capital market has risen sharply, and the profit performance of all banks has been very impressive. Nevertheless, since various countries hold a "cautious and conservative" view on the future trend of the US stock market, the bank will continue to operate cautiously to preserve its gains. (Editor: Pan Yi-ching) 1150518
SCSB held an online investor conference today at the invitation of Hua Nan Securities. President Kuo Chin-yi explained that this year's global economic outlook is still affected by uncertain factors such as geopolitical conflicts, US trade policy, and the monetary policies of major central banks, which impact financial market stability. Faced with rapidly changing external challenges, the bank will closely monitor changes in the operating environment, adopt flexible and appropriate operational strategies, advance various businesses, and continue to create revenue and profit.
In terms of financial performance, SCSB's consolidated net profit after tax for the first quarter of this year was NT$6.52 billion, an increase of 10.74% year-on-year. The income from major businesses maintained its growth momentum, with net fee and commission income increasing by 13.04% year-on-year. Earnings per share (EPS) were NT$1.05, better than the NT$0.96 from the same period last year.
Kuo Chin-yi mentioned that the bank will continue to strengthen "low-capital-consumption fee-based businesses" and promote insurance business with a focus on "asset succession" and "tax source reservation." In the first quarter, individual insurance commission income grew by 24.5% compared to the same period last year, and the proportion of non-interest income to net revenue also increased significantly.
Taichung Bank held an online investor conference today to announce its operating results for the first quarter of this year. Taichung Bank's net profit after tax for the first quarter was NT$2.426 billion, an increase of 11.59% year-on-year, and its EPS was NT$0.4, an increase of 8.11% year-on-year. Total assets were NT$1.0169 trillion, and net worth was NT$93.6 billion.
Regarding the outlook for the financial market in the second quarter and the second half of the year, Taichung Bank explained that in the first quarter of this year, the US stock market drove up the Taiwanese stock market, and investment income was good. However, since April, the Taiwanese capital market has risen sharply, and the profit performance of all banks has been very impressive. Nevertheless, since various countries hold a "cautious and conservative" view on the future trend of the US stock market, the bank will continue to operate cautiously to preserve its gains. (Editor: Pan Yi-ching) 1150518