After E.SUN Bank set a new record for monthly profits in May, CTBC Bank, the longstanding profit leader in Taiwan's banking industry, recorded a post-tax profit of NT$5.049 billion in May, achieving a new high for the same period. The strong profit momentum of CTBC Bank helped absorb the post-tax loss of NT$2.829 billion reported by its sister company, Taiwan Life, allowing CTBC Financial Holdings to still achieve over NT$2 billion in net income for May.

According to CTBC Financial's self-determined figures released on the evening of the 9th, the post-tax net profit for May was NT$2.115 billion, a year-on-year decrease of 58.7%. The cumulative post-tax net profit for the first five months was NT$24.676 billion, down 20.8% year-on-year, with a post-tax earnings per share (EPS) of NT$1.27.

CTBC Bank's May post-tax net profit of NT$5.049 billion represents a 31.8% year-on-year increase, with cumulative profits for the first five months at NT$22.942 billion, up 23.5% year-on-year, both achieving new historical highs. The net interest income grew by 20%, driven by an expanding interest margin and an increase in loan volume, primarily due to growing foreign currency loans and reduced interest expenses on USD deposits.

On the other hand, Taiwan Life suffered a post-tax net loss of NT$2.829 billion in May, down 325.1% year-on-year. The loss was largely attributed to the appreciation of the New Taiwan Dollar, which resulted in over NT$5 billion in foreign exchange losses. Looking ahead to June, financial sector executives predict that the insurance business may reclaim profitability amid the anticipated depreciation of the New Taiwan Dollar.