远东商银召开2018年度股东常会

　　远东国际商业银行於6月20日假台北市国军英雄馆召开2018年股东常会，揭示延续「加速数位创新应用、开展海外市场业务」之策略，并落实法遵及风险管理，持续掌握数位金融与区域经济的时代契机，力拚今年获利双位数成长。会中并通过2017年度盈余分配案，每股配发0.71元股利，包含0.439元现金股利与0.271元股票股利，现金股利发放率约49%；同时选出第10届董事11席，由侯金英、王孝一、郑澄宇、吴均庞、锺聪明、许士军、俞明德（以上为法人代表）、沈平、张秀莲、王小蕙（以上为独立董事）、徐旭东当选。因会计师王小蕙新任独立董事，女性董事提升至3席。

巩固本业获利动能
　　远东商银2017年核心业务获利不减，惟受到美元汇率变动及复兴航空呆帐等一次性损失冲击，税後净利仅达28.54亿元，每股盈余（EPS）则维持0.9元，总资产报酬率（ROA）为0.5%，股东权益报酬率（ROE）为6.82%；然而，若不计入无避险外币资本汇损，税前总资产报酬率0.65%、税前股东权益报酬率8.83%，约与同业相当；至於资本适足率，经反应法规调整房贷风险系数後大幅提升至14.35%，优於同业平均。

2017年度核心业务的重大进展包括：
＊推出创新「远东跨界行动应用平台」，协助远百、远东SOGO等大型零售通路导入全面之行动扫码支付，取得两项金融科技专利，获金管会核准符合「研究发展投资抵减」资格认定；
＊展现金融科技自主之研发能力，全面投入开发创新金融商品与技术，至2017年底共取得8项金融科技专利，估计今年专利数将以倍数成长；
＊打造精品级财富管理旗监分行「敦南分行」，并获财讯杂志评监「最佳理专团队奖」及婵连卓越杂志「最佳财富管理奖」、「最佳品牌形象奖」肯定；
＊远东快乐信用卡以远东集团卡为定位，於集团零售通路签帐金额年度成长15%；消费分期贷款、汽机车贷款等庶民经济商品，保持市占领先；
＊法人金融团队持续经营大中华市场，并配合新南向政策，插旗越南，扩大海外业务版图。
＊子公司营运绩效亮眼，远智证券、AMC远银资产管理及上海远荣租赁获利大幅成长，并创新高。

CSR获双料大奖
　　远东商银落实企业社会责任，於去年荣获「台湾企业永续奖」及「BSI企业永续杰出奖」双奖肯定，今年初亦率先捐款三百万元，协助花莲大地震受灾同胞重建家园。2017年具体绩效包括：
＊参与第四届公司治理评监，获上市公司组排名前20%之佳绩；
＊导入ISO 50001能源管理系统示范据点，以３年节能15%为目标展开各项节能措施，并购买绿电及扩大绿能企业授信，绿能授信余额达174亿元，为绿色地球给力；
＊长年投入人才培育，获劳动部人才发展品质管理系统(TTQS, Talent Quality-Management System)银奖肯定，并为金融业唯一连续15年获政府企业人力资源提升计画补助；
＊连年获选台湾证券交易所「高薪100」、「就业99」等指数成分股，贡献台湾经济；
＊持续精进客户服务，获台湾客服中心发展协会颁发卓越客服「最佳客户服务企业奖」及「最佳客服中心奖」；
＊协助身心障碍同胞自立生活，以伊甸爱心卡为核心平台，提供伊甸基金会捐款累积突破八千万元；采购喜憨儿烘焙月饼3,000盒，并持续雇用成年喜憨儿於分行服务；
＊发行「知识之森，学问之海」月历，导览当代阅读空间，并赠书31所高中高职准毕业生等，推动社会阅读风气；
＊举办常玉展远银日、奥塞展远银日，赞助太阳马戏团演出等，与客户共享人文美学。

前进新市场，掌握新商机
　　远东商银全力建构数位竞争力，离柜率至今年四月已达88.5%；FE跨界行动应用平台除已导入之支付宝、远传friDay钱包，今年将继续与国际级行动支付品牌合作；此外，预计今年第三季推出的远东数位银行新品牌，着眼社群潮流，开发令人耳目一新的数位金融应用；而为加速海外市场拓展，一方面申请增资上海的租赁子公司，并规划新设新加坡及越南办事处，参与东协市场国际联贷筹组业务，争取在地企业金融需求商机；财富管理则运用AI机器人理财，提升服务的深度与广度，并串连在地中小企业投融资业务，推动分行营运模式转型；信用卡结合行动支付与集团优惠，以重返百万有效卡之市场地位为目标。在历经去年之电脑骇客事件，改善资安环境、提升资安管理等级亦为重点工作。

　　远东商银调整财务结构，在配合法规及IFRS、 BASEL等要求外，亦当持续追求规模扩大及获利稳健增长，今年期以资产跨过6千亿门槛、获利双位数成长、EPS大於1元等为目标而努力。＃

2018 General Shareholders’ Meeting of Far Eastern International Bank

The 2018 general shareholders’ meeting of FEIB was held on June, 20, 2018, at 9:00 am at Auditorium of Taipei Hero House, where management team reported FEIB’s 2017 business performance and 2018 business strategies.  Based on 2 pivot strategies, i.e. “going overseas & going digital” as well as reinforcing compliance and risk management, FEIB  continues following industry trend of digitalization and regionalization to achieve double-digit growth of profitability in 2018.

The Shareholders' Meeting approved dividend distribution of NT$0.71 per share which consisted of cash dividend of NT$ 0.439 per share and stock dividend of NT 0.271 per share.  The payout ratio of cash dividend was around 49%.  In the meeting, shareholders also elected 11 board members, including Ms.Ching-ing Hou, Mr. Shaw Y. Wang, Mr. Humphrey Cheng, Mr. James Wu, Mr.Tsung-ming Chung, Dr. Shi-chun Hsu, Dr. Min-the Yu (above are legal representative directors), Ms. Susan S. Chang, Ms. Hsiao-hui Wang, Mr. Bing Shen (above are independent directors), and Mr. Douglas Hsu.  After the new election, female directors account for 3 seats of FEIB’s Board. 
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Steady core profitability momentum
FEIB maintained steady profitability from core business in 2017 , yet, due to one-time loss of foreign capital’s FX loss and bad debt loss to TransAsia Airways, FEIB’s net income in 2017 declined to NT$2.85Bn, EPS to NT$0.9 per share, ROA of 0.5%, and ROE of 6.82%.  Excluding FX loss from the unhedged foreign capital, FEIB’s 2017 pre-tax ROA would be adjusted to 0.65% and pre-tax ROE would be adjusted to 8.83%, which were both around industry average.  Total capital adequacy ratio on YE’17, after adjusting risk factor of mortgage loan according to regulation changes, increased significantly to 14.35%, better than industry average.

2017 major development of core business:
* FEIB launched “FE Integrated Payment Platform” to facilitate mobile payment processing for major retail chains like Far Eastern Department Stores and FE Sogo Department Stores.  The 2 self-developed and patented FinTech techniques were recognized by FSC (Financial Supervisory Commission) for R&D tax credit eligibility and the platform was also awarded by FE Group for group synergy collaboration.
* FEIB developed innovative new products and technique through self-supported R&D capability in FinTech.  Up to YE2017, FEIB has registered 8 patents in FinTech category, and is expected to increase patent registration by multiples in 2018. 
* “Dunhua Branch” was launched as the flagship of boutique wealth management business model.  Meanwhile, as branding recognition, FEIB was awarded the “Best Wealth Management Team” by Wealth Magazine, the “Best Wealth Management” and the ”Best Branding” by Excellence Magazine.
* FE Happy Card, positioned as the flagship card for FE Group, created 15% growth in spending in FEG retail shops.  FEIB’s niche in Installments, automobile & motorcycle loans remained leading position in the industry by market shares.
* FEIB continued expanding corporate banking business in greater China market.  Meanwhile, following government’s new southbound policy, FEIB started new business in Vietnam for new market development.   
* FEIB’s subsidiaries, Far Eastern International Securities, Far Eastern Asset Management Co. and FEIB Financial Leasing Co. in Shanghai all delivered good business performance in 2017 with record high net income.

2 major CSR awards
FEIB continued delivering social responsibilities as a corporate citizen.   In 2017, FEIB CSR report was awarded “Taiwan Corporate Sustainability Award” and “BSI Sustainability Excellence Award”.  In early 2018, FEIB donated NT$3MM to the Relief Fund immediately after Hualien earthquake.  Other contributions in 2017 include:
* FEIB was ranked top 20% among listed companies in the 4th corporate governance review by Taiwan Stock Exchange.
* FEIB implemented ISO 50001 for energy management in model branches, setting a goal of 15% energy saving in 3 years.  To preserve green environment, FEIB supported green energy purchase and participated green financing with outstanding balance of NT$17.4Bn on YE’17.  
* With continuous effort and commitment in employee training, FEIB gained subsidy support from MOL (Ministry of Labor) for 15 consecutive years for human resource enhancement program, and was awarded silver medal for TTQS (Talent Quality- management System). 
* FEIB stock was included in TWSE ’s (Taiwan Stock Exchange) “High-Pay 100 Index” and “Employee 99 Index” as ESG (Environmental, social and governance) indices. 
* FEIB’s customer service team was rewarded the “Best Customer Service Corporate” and the “Best Customer Service Center” by TCCDA (Taiwan Contact Center Development Association) .   
* To encourage independency of physically and mentally challenged individuals, FEIB accumulatively supported over NT$80MM donation to Eden Foundation (via Eden Honor Cards), purchased 3,000 gift boxes of moon cake from “Children Are Us Foundation” and hired challenged adults of the Foundation for reception work in branches.  
* For promotion of reading habit, FEIB issued 2018 calendar of “Forest & Ocean of Knowledge“ to introduce cotemporary architecture of libraries and donated books to graduating students of 31 senior high schools. 
* To share aesthetic lifestyle with customers, FEIB hosted FEIB Day of Musee d’Orsay Exhibition and Sanyu Collection Exhibition for VIP customers, and sponsored Cirque du Soleil Show in Taipei. 
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New markets, New opportunities
In 2018, FEIB endeavors to enhance digital competitiveness that up to April’18, 88.5% of customer transactions are transacted on-line.  “FE Integrated Payment Platform” is in progress of connecting more international mobile payment interfaces besides Alipay and FE friDay wallet.  Leveraging availability of social banking, FEIB is planning to launch a new, unique and fresh digital banking brand in 3Q’18.  For overseas market development, FEIB plans to inject new capital to FEIB Financial Leasing Co. in Shanghai, and to apply for rep. offices in Singapore and Vietnam in order to participate syndication opportunities in ASEAN and meet financing demand of local business.  Through AI technique, Robo advisory will be used to enhance professionalism of wealth management service.  Branch business model will be transformed to add SME customers for both financing and investment business needs.  FEIB credit card, through linkage with mobile payment interfaces and joint promotion with FE retailers, is to gain more customers for a goal of over 1MM active cards.  Post the computer hacker event in 2017, FEIB improves information security system and management architecture as one of the key internal control tasks in 2018. 

Financially, FEIB will adjust balance sheet structure along with regulations, IFRS and BASEL requirement, grow asset scale and increase profitability in steady trend.  The 2018 financial goals for FEIB are to grow assets above NT$600Bn, increase profitability by double-digit percentage, and achieve EPS over NT$1 per share.#