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BRIEF-CTBC Financial says profit from overseas banking business to be contributed by SE Asia, China, Japan
March 13, 2017 / 7:02 AM / 8 months ago

BRIEF-CTBC Financial says profit from overseas banking business to be contributed by SE Asia, China, Japan

March 13 (Reuters) - CTBC Financial Holding Co Ltd , among Taiwan’s major financial firms expanding overseas aggressively, made the following comments in its investor conference:

* Says percentage of profits from overseas banking business to rise to 44-50 percent this year versus 44 percent in 2016.

* Says sees such profits will be mainly from markets of South East Asia, China, Japan and north America.

* CTBC recently got an approval from Taiwan’s financial regulators for a stake purchase in Thailand’s LH Financial Group for 16.6 billion baht ($473.20 million). Further company coverage: (Reporting by Faith Hung)

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