Far Eastern International Bank Holds 2022 Annual General Meeting of Shareholders

        Far Eastern International Bank held the 2022 shareholders' ordinary meeting on June 21, to report the operating performance of the previous year to shareholders, and to convey the stage results of deepening digital finance and promoting overseas cross-border business, and improving the profit volume and layout. An operating plan that leads the way in sustainable governance and pursues long-term steady growth goals.

        Far Eastern International Bank made a solid profit last year, with total assets increasing by 6% year-on-year to NTD723 billion. Due to the increase in loan volume and bond investment, and the improvement of interest spreads, net interest income increased by 10%, and after-tax net profit was NTD2.939 billion. Share earnings (EPS) NTD0.84, an annual increase of 17%. The credit quality was properly controlled, the overdue loan ratio dropped to 0.265%, and the overdue loan coverage ratio increased to 496%. Consolidated net profit before tax from January to May 2022 will increase by 16% compared with the same period of last year. In the operating environment, it is faced with increasing interest rates, but also under the impact of the Russian-Ukrainian war, China's closure of the city, and high inflation, it will maintain its business momentum.

        At the meeting, the 2021 earnings distribution plan was passed, and a dividend of NTD0.588 per common share was distributed, including NTD0.43 cash dividends and NTD0.158 stock dividends, with a cash dividend payout rate of about 51%. In addition, it also increased its capital by NTD10 billion through private placement to prepare for mergers and acquisitions and cooperation with strategic investors.

        In 2021, Far Eastern International Bank will continue to develop niche brands. Among them, Bankee Community Bank will join hands with Far EasTone Telecommunication to launch the first open banking Open API business, and cooperate with Oriental Securities Corporation to launch a one-stop two-way account opening application, and the deposit balance will increase by 104% year-on-year. , establish a growth curve; two major digital transformation indicators, such as service out-of-counter rate and digital customer acquisition rate, stand at the high end of 94% and 51% respectively; physical finance is positioned as a boutique bank, setting up music branches, story branches and other refined branches Customer base; Wealth management with “Ten Le” as the value brand, combines intelligent technology to build professional services for high-end and general customers, and integrates the needs of the aging society, and plans solutions such as elderly care trusts. Achieve great achievements; personal finance and digital finance have also won 15 awards from 10 professional institutions at home and abroad for their innovative performance. One of the key development points of Falcon's overseas business, along with the launch of the second stronghold of the ASEAN--Singapore Office, the cross-border syndicated loan case was prepared for consecutive touchdowns in the fourth quarter of last year. In addition, the financial market business has also contributed to the increase in investment and bond interest income due to the increase in domestic and overseas bond positions.

        In the 8th Corporate Governance Review just announced by the Taiwan Stock Exchange, Far Eastern International Bank was promoted to the top 5% of the listed company group, reflecting the performance of sustainable practices from 2021 to the present, including: the establishment of the Corporate Sustainability Committee, and the success of Taiwan's sustainability Award and BSI Corporate Sustainability Excellence Award, continue to be selected as ESG constituent stocks such as Taiwan Sustainability Index, Taiwan High Salary 100 Index, Taiwan Employment 99 Index, etc., and also become the winner of National Talent Development Award and Asia Best Employer Award for 19 consecutive years Awarded by the government's human resources improvement plan; actively deploying green finance, introducing Task Force on Climate-related Financial Disclosures (TCFD) (TCFD), undertaking the project financing of the first geothermal power plant in Taiwan, and the cumulative balance of green credit increased by 13%; In order to help compatriots with disabilities to become self-reliant, in addition to hiring the intellectually disabled people and the visually impaired, they have also donated more than NTD50 million to the Eden Social Welfare Foundation through the issuance of love cards.

        The economic climate in 2022 will be in turmoil, with good and bad. On the one hand, it is expected that the coexistence with the virus and the opening of borders will bring about recovery momentum, and the expansion of interest rate increases will also increase the interest rate spread; on the other hand, entering the cycle of interest rate hikes will also The impact on the investment market, coupled with the ongoing war between Russia and Ukraine, and the impact of inflation, etc., Far Eastern International Bank has implemented dynamic management agile: In order to ensure sufficient capital to support business expansion space, it plans to conduct general operations in the second half of the year. Capital increased in cash from shares and adjusted to allow more assets to be covered by interest rate hikes; the bank's total loans grew by 7.8% in the first quarter, mainly contributed by the legal and financial contributions, among which, loans to SMEs grew by as much as 33.5%; with the border opening soon, Fajin fully sprints into overseas syndicated loans, cross-border financing and other businesses with high interest margins and high handling fees, accounting for more than 25% of the total Fajin loans; wealth management grasps the wealthy customers entering the cycle of interest rate hikes and asset allocation opportunities in the aging society; Bankee, the first-choice community bank for petty capitalists, has reached the NTD7 billion mark in its deposit balance in the first quarter. It will continue to connect new entrepreneurs and Far Eastern Group affiliated enterprises, expand its cash flow service scenarios, and plan to extend online investment and online lending. Other services, as well as the inclusion of micro-enterprise customers, boosted Bankee's growth momentum; on the other hand, it simultaneously accelerated the process of comprehensive process digitization to improve productivity and cost efficiency. In addition, dozens of actions in sustainability aspects, such as signing the Equator Principles and the Bank's Greenhouse Inspection and Certification, have been included in the plan.

        In response to the ever-changing environment, Far Eastern International Bank deploys digital power, strengthens profitability, takes sustainable governance as the rudder, and keeps pace with the times to deploy long-term steady growth in order to pursue the interests of shareholders, customers, society and employees. Work hard for the common good goal of the relationship!

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