Brief: CTBC Financial says profit from overseas banking business to be contributed by SE Asia, China, Japan

CTBC Financial Holding Co

13/03/2017 06:44

March 13 (Reuters) - CTBC Financial Holding Co Ltd 
 2891.TW , among Taiwan's major financial firms expanding 
overseas aggressively, made the following comments in its 
investor conference: 
    * Says percentage of profits from overseas banking business 
to rise to 44-50 percent this year versus 44 percent in 2016. 
    * Says sees such profits will be mainly from markets of 
South East Asia, China, Japan and north America. 
    * CTBC recently got an approval from Taiwan's financial 
regulators for a stake purchase in Thailand's LH Financial Group 
 LHBANK.BK  for 16.6 billion baht ($473.20 million). 
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Further company coverage:  2891.TW  
 
 (Reporting by Faith Hung) 
 ((faith.hung@thomsonreuters.com;))