O-Bank: Q1 Profit Up 49% YoY, Aims to Apply for Kaohsiung Zone Entry by Year-End
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O-Bank announced today that its consolidated net profit after tax for the first quarter of this year was NT$1.232 billion, a 49% increase year-on-year. The bank is cautiously optimistic about its full-year profit performance, especially from its Hong Kong branch and OBU, which have better interest spreads. It has also begun the application process for a "Wealth Management 2.0" license and plans to apply for entry into the Asia New Bay Area's Kaohsiung zone by the end of the year.