Last 9.41 TWD
Change Today +0.05 / 0.53%
Volume 4.6M
2834 On Other Exchanges
Symbol
Exchange
Taiwan
As of 11:00 PM 07/13/14 All times are local (Market data is delayed by at least 15 minutes).

taiwan business bank (2834) Snapshot

Open
9.39
Previous Close
9.36
Day High
9.44
Day Low
9.39
52 Week High
07/10/14 - 9.51
52 Week Low
08/28/13 - 8.43
Market Cap
48.0B
Average Volume 10 Days
9.3M
EPS TTM
0.81
Shares Outstanding
5.1B
EX-Date
07/27/01
P/E TM
11.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for TAIWAN BUSINESS BANK (2834)

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taiwan business bank (2834) Details

Taiwan Business Bank Co., Ltd. provides banking and financial services to small and medium-size businesses primarily in Taiwan. The company offers various deposit products that include demand deposits comprising brokerage accounts; savings deposits consisting of brokerage accounts and salary transfer accounts; combined savings, including demand deposit accounts, savings deposit accounts, and time deposit accounts; check deposits; certificates of deposit; and negotiable certificates of deposit for short-term funds. It also provides various loan products, such as assisting small and medium-sized enterprises upgrading loans, industry loans, project loans, business start-up loans, micro-business start-up loans, credit guarantee programs, loans for earthquake reconstruction, loans for purchasing automatic and energy-saving machines, low-interest loans for private enterprises, industry development loans, promoting industry research and development loans, and mortgage loans. In addition, the company offers various foreign exchange services; securities brokerage, financing transaction, and future auxiliary transaction services; insurance brokerage services; leasing; safety deposit box rental; domestic and offshore mutual funds; treasury marketing services; and wealth management services. Further, it provides financial services, including securities review and approval; trust services; and custodian bank services, as well as electronic banking services. As of December 31, 2013, it operated 124 domestic branches, 1 offshore banking unit, 18 securities brokerage locations, and 4 overseas branches in Hong Kong, Los Angeles, Sydney, and Shanghai. The company was founded in 1915 and is headquartered in Taipei, Taiwan.

Founded in 1915

taiwan business bank (2834) Top Compensated Officers

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Executives, Board Directors

taiwan business bank (2834) Key Developments

Taiwan Business Bank Co., Ltd., Annual General Meeting, Jun 20, 2014

Taiwan Business Bank Co., Ltd., Annual General Meeting, Jun 20, 2014.

Taiwan Business Bank Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Taiwan Business Bank Co., Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported interest revenue of TWD 5,880,195,000 compared to interest revenue of TWD 5,731,254,000 for the same period a year ago. Net interest income was TWD 3,436,243,000 compared to TWD 3,284,760,000 last year. Net revenue was TWD 4,383,086,000 compared to TWD 4,143,718,000 last year. Income from continuing operations before income tax was TWD 753,383,000 compared to TWD 943,720,000 last year. Net income was TWD 682,466,000 compared to TWD 902,341,000 last year. Net income attributable to parent company was TWD 682,466,000 or TWD 0.13 per basic and diluted share compared to TWD 902,341,000 or TWD 0.18 per basic and diluted share last year. For the nine months, the company reported interest revenue of TWD 17,228,848,000 compared to interest revenue of TWD 17,292,360,000 for the same period a year ago. Net interest income was TWD 10,011,166,000 compared to TWD 9,864,478,000 last year. Net revenue was TWD 13,102,228,000 compared to TWD 12,571,490,000 last year. Income from continuing operations before income tax was TWD 2,447,749,000 compared to TWD 2,734,134,000 last year. Net income was TWD 2,220,186,000 compared to TWD 2,563,533,000 last year. Net income attributable to parent company was TWD 2,220,186,000 or TWD 0.43 per diluted share compared to TWD 2,563,533,000 or TWD 0.50 per basic and diluted share last year. Net cash provided by operating activities was TWD 17,558,349,000 compared to net cash used in operating activities of TWD 1,510,910,000 last year. Purchase of premises and equipment was TWD 155,459,000 compared to TWD 88,590,000 last year. Return on assets before income tax was 0.19% as on September 30, 2013 compared to 0.22% last year. Return on assets after income tax was 0.17% as on September 30, 2013 compared to 0.20% last year. Return on shareholders' equity before income tax was 4.47% as on September 30, 2013 compared to 5.60% last year. Return on shareholders' equity after income tax was 4.05% as on September 30, 2013 compared to 5.25% last year.

Tseng Ming Denied Reports That Mega Financial Mulls Stake Sale Of Taiwan Business To Chinese Investors

Tseng Ming-chung, Deputy Finance Minister of China has denied reports on July 22, 2013 that Taiwan Business Bank Co., Ltd. (TSEC:2834)'s shares may fall into the hands of mainland investors. According to reports, Mega Financial Holding Co., LTD (TSEC:2886) currently holds a 12.01% stake in Taiwan Business Bank and intends to sell up to 10% of the shares to an unspecified mainland-based bank. A source close to the companies stated that the 10-percent stake in Taiwan Business Bank may likely be acquired by Bank of Beijing Co., Ltd. (SHSE:601169). The source also said that once regulators approve the transfer of the 10% stake, Mega Financial Holdings is likely to liquidate its remaining 2.01% holding in the Taiwan Business Bank on the open market without rendering significant market forces on the company's share price. Tseng added that the Ministry of Finance's (MOF) intent to prevent the formation of a second majority shareholder for the Taiwan Business Bank, stating that its placement of a 13% stake on the market was designed to prevent concerns that the state-run enterprise's operation may be influenced by the rise of a second entity.

 

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2834

Industry Average

Valuation 2834 Industry Range
Price/Earnings 11.9x
Price/Sales 3.2x
Price/Book 0.8x
Price/Cash Flow 11.8x
TEV/Sales NM Not Meaningful
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