Stock Market Surge and Loan Growth Boost National Banks' Pre-Tax Profits to New High of NT$117.6 Billion in First Two Months

AI Summary (NQ-processed)

The Financial Supervisory Commission announced that national banks' pre-tax profits reached NT$117.63 billion in the first two months of this year, a new historical high for the same period, up NT$17.57 billion or 17.6% year-on-year. This growth was primarily driven by loan expansion and a surging stock market, boosting banks' interest, fee, investment, and other net incomes. As of the end of February, total outstanding loans reached NT$45.8721 trillion, a monthly increase of NT$568.7 billion, marking the second-highest single-month increase in history.