2019 General Shareholders’ Meeting of FEIB

        2019 General Shareholders’ Meeting of FEIB
         The 2019 general shareholders’ meeting of FEIB (TPE: 2845) was held on June 19 at Taipei Hero House to deliver FEIB’s 2018 business performance and 2019 strategies.  Under 3 pivot strategies i.e. “digital innovation, niche leading competitiveness, and group synergy enforcement”, FEIB is expected to continue coping with digital trend, strengthening leading niche position and pursuing business long-term steady growth in 2019. 
        
         The annual general meeting also approved dividend distribution of NT$0.715 per share, including cash dividend of NT$ 0.45 and stock dividend of NT 0.265. The total dividend yield was around 7.1%.
        
         The Highest Profitability in 8 Years
         In 2018, FEIB delivered income before tax of NT$4.07 billion, increased YOY by 25%. EPS was NT$1.08, increased YOY by 24%, representing the highest growth rate in 8 years. Total assets exceeded NT$600 billion, pre-tax ROA and ROE improved to 0.68% and 9.30%, respectively.  The asset quality remained good, with NPLratio down to 0.237%, and NPL coverage ratio up to 574%.  Just in last month, Fitch Ratings upgraded FEIB’s Foreign Currency Long-Term Rating  to BBB, National Long-Term Rating to 'A+(twn)' and remained FEIB’s outlook “stable”.
        
         FEIB’s profitability momentum continued into 1Q’2019, with income before tax reaching NT$1.38Bn, or 75% YoY growth. The annualized pre-tax ROA and ROE were 0.88% and 12.12%, respectively, all exceeding the industry average.
        
         FEIB’s 2018 major developments of core businesses include： 
         ＊Lead mandates of international syndication loans gradually gain branding. Profit from overseas markets accounted for 40% of total profits in 2018.
         ＊FEIB got 12 FinTech patents and established blockchain test environment in 2018.  ＊FEIB has total 20 patents up to date in tech R&D.
         ＊FEIB led the market in launching social bank ”Bankee” as an online banking brand. ＊Its credit card is attractive to millennials via bundling social media, mobile game, and AR.
         ＊FEIB’s Integrated Payment Platform processed mobile payment for major retail chains, not only FE retail stores but also Welcome Supermarket chains. It is available for customer’s QR code payment in almost all kinds of mobile wallets.
         ＊FE Happy Card, positioned as FE Group’s flagship card, led FEIB’s card business growing to over 1 million active cards.
         ＊FEIB’s niche personal loans achieved double-digital growth for 3 consecutive years. The strategic-alliance car loans remained the leading business in the market.
         ＊As branding recognition, the wealth management business received 7 awards from The Asset magazine in HK, winning prizes from Wealth Magazine and Excellent Magazine in Taiwan.
        
         2 Major CSR Awards
         FEIB believes in corporate social responsibility. The CSR report was recognized by “Taiwan Corporate Sustainability Award” and “BSI Sustainability Excellence Award” in 2018.  In the 5th corporate governance review by TWSE (Taiwan Stock Exchange), FEIB was ranked top 20% among listed companies.
        
         To support green energy, FEIB provided green financing to 207 companies, purchased green energy, and implemented ISO 14064-1 for greenhouse gases inventory. FEIB stock was included in TWSE’s “Taiwan High-Pay 100 Index” and “Taiwan Employee 99 Index”.  With commitment in employee training, FEIB gained subsidy from Ministry of Labor for 16 consecutive years.  As recognition to customer service excellence, FEIB was awarded by Asia Pacific Customer Service Consortium in HK.  To encourage independency of disables, FEIB has donated over NT$46 million accumulatively to Eden Foundation, hired challenged adults of Children Are Us Foundation, and donated NT$3 million to the Reconstruction Fund after Hualien earthquake. To share culture enrichment with customers, FEIB’s 2019 calendar printed national-preserved heritages of artists and litterateurs.
        
         Momentum for Long-term Steady Growth
         Going into 2019, FEIB’s offshore business continues strong with 2 more lead mandates of international syndication loans closed already and rep. offices in Vietnam and Singapore are under way.  Because of China–United States trade war , FEIB is ready for opportunities from inflow of overseas Taiwanese companies.
        
         FEIB deepens digital banking implementation. For social bank brand, “Bankee” adds new product like personal loan and will include new customer base like small social welfare organizations. Through Open API, FEIB assists retail stores installing their own-brand APP, and connects mobile payment with FE Integrated Payment Platform.  As the main payment instrument within FE retail chains, FE Happy Card connects consumer’s payment with benefits and integrates retail store’s cash flow with FEIB’s settlement to become a complete ecosystem for FEG consumers’ and retail chains’ upmost convenience. 
        
         Amid fast changing technologies and world economy, FEIB will stay agile coping with industry development trend, continue long-term steady growth and strive for mutual benefits of stockholders, customers, society and employees.＃