Photo by Can Pac Swire from Flickr
Credit card issuance also saw a surge.
Fubon Bank’s preliminary net profits for reached NT$6.91b (US$230m) for the first three months of 2023.
On a year-on-year (YoY) basis, profits surged 60% excluding the bargain purchase gain in 2022.
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Driven by the upward trajectory of wealth management and the credit card business, net fee income reached NT$3.43b (US$110m), up 17.4% from the previous year.
Whilst the new credit card issuance segment went up 380% YoY.
(NT$1.00 = US$0.033)
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