Fubon Financial Holdings Overview

Committed to becoming one of Asia’s first-class financial institutions, Fubon Financial Holdings has built a strong lineup of financial service companies. Its major subsidiaries include Fubon Life, Taipei Fubon Bank, Fubon Bank (Hong Kong), Fubon Bank (China), Fubon Insurance, Fubon Securities, and Fubon Asset Management. Fubon Financial Holdings had total assets of NT$9,990.5 billion as of the end of June 2021, ranking second among Taiwan’s financial holding companies. With net profit of NT$87.596bn and earnings per share (EPS) of NT$8.28, it continued to lead peers and it has been the most profitable company in the industry in terms of EPS for 12 consecutive years. The company was also named to the Fortune Global 500 for the fourth consecutive year in 2021. It is also named by Brand Finance as one of the global top 500 valuable brands for two years running in 2021.

Fubon Financial Holdings acquired a stake in Xiamen Bank through Fubon Bank (Hong Kong) in 2008, and Fubon Property & Casualty Insurance began operations in 2010. Founder Fubon Fund Management, a fund management joint venture between Fubon Asset Management and Founder Securities, was unveiled in 2011. In 2014, Fubon Financial Holdings and Taipei Fubon Bank acquired a controlling 80% stake in Shanghai-based First Sino Bank, and later changed its name to Fubon Bank (China). In 2016, Fubon Bank (China) became a wholly owned subsidiary of Fubon Financial Holdings. Fubon Financial Holdings is now the Taiwanese financial institution with banking subsidiaries in Greater China.

Fubon Financial Holdings has since continued to deepen its presence in Greater China and expanded its network in Asia. At the end of 2015, Fubon Life acquired a 48% stake in South Korea’s Hyundai Life, becoming its 2nd largest shareholder behind the Hyundai Group. In September 2019, Fubon Life increased its stake to 62% and took management control of the company, which was renamed Fubon Hyundai Life Insurance Co. In June 2021, Fubon Life issued of common stock for cash and increased its stake to 77%.

Taipeo Fubon Bank continues to cultivate the Southeast Asia markets. Its Singapore and Jakarta offices were opened in 2016 and 2019, respectively, and Taipei Fubon Bank and Fubon Insurance have established branch office and wholly-owned subsidiary in Vietnam since 2008. Until now, They are the Taiwanese-based bank and insurance company with the most locations in Vietnam.

To strengthen its banking and securities businesses, expand economy of scale and performance, Fubon Financial Holdings acquired more than 50% stake in JihSun FHC at the end of March 2021, marking a milestone for Taiwan’s financial industry with the merger of two financial holdings companies.

Fubon Financial Holdings will continue to search for suitable partnerships in the future to move closer to its vision of becoming one of Asia’s first-class financial institutions.

At the heart of Fubon Financial Holdings’ operating strategy is a strong commitment to sustainable growth, which has earned the company global recognition. In 2020, Fubon Financial Holdings made it onto CDP's prestigious Climate A-list for the first time and received the highest A ranking in Supplier Engagement Rating. It was also selected for a fourth straight year to the DJSI World Index and a 5th straight year to the DJSI Emerging Markets Index and MSCI ESG Leaders Index . It also was honored with an “Icon on Corporate Governance” award from Corporate Governance Asia for an 11th year in a row and an Excellence in ESG-Platinum Award from The Asset for a tenth straight year. These accolades all reflect Fubon’s efforts to operate sustainably and its emergence as a benchmark in the field.