E.SUN Commercial Bank

E.SUN Commercial Bank, Ltd. (Commonly known as E.SUN Bank, E.SUN, Chinese: 玉山商業銀行) is a Taiwanese bank headquartered in Taipei, Taiwan.

E.SUN Commercial Bank
玉山商業銀行
TypePrivately owned company
IndustryBank
FoundedFebruary 1992
FounderYung-Jen Huang
HeadquartersNo.117, Sec.3, Minsheng E.Rd., Songshan Dist, 105-46,
Taipei
,
Taiwan
Area served
Taiwan, United States, Hong Kong, Singapore, China, Vietnam, Myanmar, Cambodia, Australia, and Japan
Key people
Joseph N.C. Huang （Chairman）
Mao-Chin Chen （CEO）
ParentE.SUN Financial Holding Co., Ltd.
Websitehttps://www.esunfhc.com/en


Background

E.SUN Bank was founded in 1992 by Mr. Yung-Jen Huang, the current chairman of E.SUN financial holding company. Responding to the surging Asia market and trend of financial innovation, E.SUN Bank is focus on its priority markets in Asia, Australia, and US, with 139 branches in Taiwan and 28 branches and subsidiaries in 9 countries and jurisdictions as of December 31, 2020.

Artificial intelligence and digitalization has been applied to each aspect of its business, including credit card fraud detection, product recommendation, auto personal loan, etc.

E.SUN is committed to ESG by contributing its core competencies in areas such as corporate governance, customer service, employee care, environmental sustainability, and community involvement. By delivering a significant contribution in ESG performance, E.SUN is listed in Dow Jones Sustainability Index (DJSI) for 7th consecutive year in 2020, and ranked 4th in the Asian banking industry, 6th in banking industry of the world.

In 2020 E.SUN was noted for their effective response to the COVID-19 outbreak.[1]

Overseas operations
  • 5 operating sites under E.SUN Bank (China), China subsidiary
  • 14 presences under Union Commercial Bank, Cambodian subsidiary
  • Hong Kong Branch
  • Los Angeles Branch
  • Singapore Branch
  • Dong-Nai Branch
  • Sydney Branch
  • Brisbane Branch
  • Yangon Branch
  • Tokyo Branch
  • Hanoi City Representative Office (Vietnam)

Financial Performance

E.SUN Bank's overall profit after tax in 2020 reached NT$16.465 billion. The EPS, ROE, and ROA were NT$1.43, 9.45% and 0.61%, respectively. The overall business maintained steady growth. In 2020, the growth rates of total loans and total deposit were 12.3% and 19.4%, respectively. Loan growth was achieved while maintaining sound asset quality. The NPL ratio was 0.19%. The NPL coverage ratio was 656.3%.

Glory and Honor
  • Listed in DJSI (Dow Jones Sustainability Index) for the 8th consecutive year since 2014
  • E.SUN Bank received the 4th Executive Yuan's 25th National Quality Award, becoming the only corporate receiving the award for 4 times (3 for corporate and 1 for individual)
  • Received 12 Best Bank in Taiwan and 16 highest awards for CSR since 2017 (Forbes, The Banker, Global Finance, Asiamoney, the Asset, The Asian Banker etc.)
  • Received 20 Highly Commended Awards from Taiwan Academy of Banking and Finance, a record high in industry
  • E.SUN Bank ranked No.1 among Taiwan's banks in World Top 500 Most Valuable Banking Brands from the Banker (2019, 2020)

See also

References
  1. Wilson, Elliot. "Coronavirus: Taiwan's E.Sun prepares for the worst but hopes for the best". www.euromoney.com. Euromoney. Retrieved 4 April 2020.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.