The Shanghai Commercial & Savings Bank, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 04:34 am
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The Shanghai Commercial & Savings Bank, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was TWD 10,462.84 million compared to TWD 9,128.38 million a year ago. Net income was TWD 4,912.05 million compared to TWD 5,732.27 million a year ago. Basic earnings per share from continuing operations was TWD 1.01 compared to TWD 1.28 a year ago. Diluted earnings per share from continuing operations was TWD 1.01 compared to TWD 1.28 a year ago.
For the nine months, net interest income was TWD 29,133.97 million compared to TWD 23,667.57 million a year ago. Net income was TWD 14,681.81 million compared to TWD 12,988.84 million a year ago. Basic earnings per share from continuing operations was TWD 3.03 compared to TWD 2.91 a year ago. Diluted earnings per share from continuing operations was TWD 3.03 compared to TWD 2.9 a year ago.
Shanghai Commercial & Savings Bank Ltd is a Taiwan-based commercial bank. The Bank is engaged in the seven kinds of business. Deposit business handles personal and corporate deposit business. Wealth management business provides wealth management products and consulting services for high-value customers. Corporate financial business handles corporate credit, foreign exchange and international financial business. Personal financial business handles consumer loan and credit card business such as personal housing loan and micro-credit loan. Trust business handles trust business and subsidiary businesses. Investment business handles financial asset investment and equity investment business. Digital financial services provides 24-hour automated teller machine (ATM), online banking, mobile banking and telephone customer services. The Bank operates branches in the domestic market, Hong Kong and overseas markets such as Vietnam and Singapore.