Responsible Finance

Responsible Finance Overview

Fubon Life’s investment team adjusts its investment strategy as market conditions change to maintain steady yields. As of the end of 2019, Fubon Life had investment assets of NT$4.42 trillion, up 11.6% from a year earlier. Investment income was NT$145.4 billion, extending a run of strong performances in recent years. Fubon Life will continue to respond prudently to changing markets by adjusting asset allocations, and comply with responsible investment principles to generate stable mid- to long-term investment returns.

Within Fubon Life’s diversified portfolio, foreign bonds accounted for 53% of all assets as of the end of 2019, concentrated primarily on overseas corporate bonds and financial bonds and geographically centered in North America.

Investment Portfolio Composition

As of the end of 2019, Fubon Asset Management had issued 65 mutual funds – seven domestic equity funds, two money market funds, 44 exchange traded funds (ETFs) and 12 international funds – and those funds combined with discretionary investment and private placements brought the company’s assets under management to more than NT$300 billion for the first time. In June 2019, it received an Asset Management Company of the Year – Highly Commended award for Taiwan from The Asset.

Responsible Lending Overview

Taipei Fubon Bank has continued to carry out rigorous risk management measures as its business has grown to maintain favorable asset quality.

Loan Amounts by Type of Borrower

Dec. 31, 2019
Private Individuals 724,035,520 54.11
Private Enterprises 510,556,765 38.15
Government Agencies 18,700,765 1.40
Financial Institutions 63,057,657 4.71
State-owned Enterprises 20,181,907 1.51
Nonprofit Organizations 1,626,267 0.12
Total 1,338,158,881 100.00

Credit Asset Quality

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4Q18 1Q19 2Q19 3Q19 4Q19
NPL Ratio 0.17% 0.18% 0.19% 0.20% 0.19%
Coverage Ratio 784.68% 766.99% 687.88% 660.38% 713.11%