Shanghai Commercial & Savings Bank: Will Adopt Flexible Strategies to Cope with Rapidly Changing External Challenges

AI Summary (NQ-processed)

In an online investor conference, Shanghai Commercial & Savings Bank (SCSB) and Taichung Bank shared their outlooks for the future market. Despite strong profits in the first quarter of this year, both banks expressed a cautious stance. SCSB President Kuo Chin-yi noted that they will closely monitor uncertainties such as geopolitics, trade policies, and central bank monetary policies, and will adopt flexible operational strategies. Taichung Bank also stated it will operate cautiously to preserve its gains. Financially, SCSB's Q1 consolidated net profit after tax grew 10.74% year-on-year to NT$6.52 billion, with an EPS of NT$1.05. Taichung Bank's Q1 net profit after tax increased by 11.59% year-on-year to NT$2.426 billion, with an EPS of NT$0.4.