Chang Hwa Commercial Bank reports a 24.62% annual net income increase to NT$10.97 billion (US$361.03 million) in 2022, driven by higher interest rates and loan restructuring. The bank forecasts continued profit growth in 2023. Earnings reflect adjustments in loan portfolios amid rising borrowing costs.
Chang Hwa Commercial Bank reports a 27.65% year-over-year profit increase in the first half of 2022. The bank anticipates further gains from rising interest rates in Taiwan and globally. Management highlights these trends during an online investors’ conference.
Taishin Financial Holding Co withdraws its Supreme Court case against the Ministry of Finance over Chang Hwa Commercial Bank’s management rights. The dispute ends with Taishin selling **1.048 billion shares** in Chang Hwa, resolving the standoff without further legal action. The Ministry of Finance retains control of the state-run bank amid the agreement.
Taishin Financial Holding Co. loses its majority stake in Chang Hwa Bank following a board election defeat. The company now threatens legal action against the Ministry of Finance over the outcome. The dispute centers on Taishin’s inability to retain control of the bank’s governance.
Dec 2014Focus Taiwan - CNA English NewsNews article
