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 EST
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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.
The Shanghai Commercial & Savings Bank, Ltd. is a Taiwan-based private bank. The Bank's businesses are involved in deposit business which handles personal and corporate deposit business; wealth management business which provides wealth management products and consulting services for high-value customers; corporate financial business which handles corporate credit, foreign exchange and international financial business; personal financial business which handles consumer loan and credit card business such as personal housing loan and micro-credit loan; trust business which handles trust business and subsidiary businesses; investment business which handles financial asset investment and equity investment business; digital financial services which provides 24-hour 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.
THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD. 
