Taiwan Financial Sector Shows Profit Recovery Signs in July

Taiwan’s financial sector posted early signs of recovery in July as currency depreciation, dividend inflows, and capital gains offset prior losses from volatility and forex swings. Only four bank-focused groups—E.Sun, SinoPac, First Financial, and Hua Nan—recorded year-on-year profit growth, while life insurance-heavy firms faced continued earnings pressure. Fubon Financial led with NTD11.03bn (USD343m) July profit, lifting year-to-date earnings to NTD62.37bn. Cathay Financial ranked second with NTD9.02bn, followed by CTBC Financial with NTD5.84bn. Recently merged TS Financial reported NTD3.62bn, while Mega Financial led state-run peers despite an 8.7% decline to NTD22.44bn.