Chairperson 駱怡君 Tina Lo stated that this year’s business operations will focus on overseas markets, particularly the U.S., Australia, and Southeast Asia, targeting supply chain opportunities driven by TSMC. The bank will strengthen its U.S. subsidiary, emphasizing two key strategies: enhancing profitability and diversifying its business portfolio. Meanwhile, the Sydney representative office in Australia, which opened earlier this month, is moving toward becoming a full-fledged branch. Additionally, the Southeast Asia strategic platform is set to launch in Singapore in the second quarter.
O-Bank reported that its consolidated net revenue for last year reached NT$10.179 billion, with a consolidated net profit after tax of NT$3.893 billion. The standalone net revenue was NT$7.787 billion, and the standalone net profit after tax was NT$2.856 billion, resulting in an earnings per share (EPS) of NT$1. Excluding the one-time gains from the merger of Taiwan Cooperative Leasing and Jih Sun International Leasing at the end of 2022, the bank achieved record-high standalone net profit after tax and EPS since its establishment.
As supply chains shift and Taiwanese businesses expand into U.S. manufacturing, domestic banks are accelerating their overseas expansion, with O-Bank actively pursuing overseas profitability. During a media spring banquet today, Chairperson Lo Yi-Jun emphasized that the U.S. market remains the bank’s top priority this year. By strengthening its U.S. subsidiary, Hua Xin Bank, O-Bank aims to capitalize on U.S. tax reductions, which are favorable for its operations. Previously, Hua Xin Bank primarily focused on real estate mortgage lending, but this year, the goal is to enhance profitability and diversify its business portfolio.
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