FEIB Reported Superior Asset Quality, Record-High Earnings on Sustainable Growth

Far Eastern International Bank (FEIB, TWSE: 2845) today held its 2025 General Shareholders’ Meeting at 9:00 a.m. at the GIS MOTC Convention Center on Hangzhou South Road, Taipei. In the meeting, FEIB reported better-than-industry-averaged financial strength and resilient earnings in 2024.
Shareholders in the meeting also approved 2024 earnings distribution, for cash dividends of NT$0.5 per share and stock dividends of NT$0.25 per share, or a 74% payout ratio. 

In 2024, FEIB's total assets increased 8% year-on-year to NT$854 billion, and net income reached a record-high NT$4.3 billion, or a 3% year-on-year growth.  Earnings per share (EPS) continued above NT$1/share, a fully recovered earnings record after new share issuance in 4Q2022.  FEIB maintained financial structure better than most of the industry peers, with asset quality’s NPL ratio lower to 0.065% and capital adequacy’s CET1 ratio up to 11.88% on YE2024.  Up to 1Q2025, FEIB continued business momentum, with unconsolidated net income steady at NT$1.1 billion.

In 2024, FEIB focused on niche and core business for growth.  The retail banking’s fee income and financial trading income increased 19% and 13% YoY, respectively, as the main income growth drivers.  Corporate banking resumed offshore lending momentum, with cross-border syndicated loan amount exceeding NT$15 billion, and earning FSC’s "Outstanding Award for Credit to Target Countries in New Southbound Policy."  FEIB’s digital brand name, Bankee, has accounts exceeding 260,000 and deposit over NT$27Bn on YE2024.  It is worth noting that Bankee’s platform has grown into cash management transactional banking, accounting for 70% market share of VASP transactional settlement in Taiwan.   Bankee’s renowned payment security and transaction monitoring has awarded it as the top 1 cash management bank to Taiwan VASP.

FEIB endeavors ESG sustainability with concrete actions.  For endorsing environment protection, FEIB implemented TCFD and signed up SBTi, for targeting net zero CO2 emission by 2050.  FEIB earned The Asset’s "Best Sustainable Real Estate-Linked Loan in Taiwan" award for efforts in sustainable finance.  For engaging in social responsibility, donations to “Eden Social Welfare Foundation” continued and surpassed NT$100 million.  FEIB ranked top 1 in FSC’s “Category B of Senior Trust” for 3 consecutive years, received HR ASIA's "Asia's Best Employer Award" for 4 consecutive years, and ranked among the top 25% of banks in FSC’s "Customer Fairness Treatment" evaluation for 3 consecutive years.  For upgrading corporate governance, FEIB increased seats of independent directors to becoming one-third of the board, and implemented guidelines of “Responsibility Map” to senior managers.  Above all, in April, 2025, TWSE ranked FEIB among top 5% listed companies in its corporate governance evaluation for the year of 2024.
Despite of market turmoil following Trump 2.0 tariff policy, FEIB aims for long-term, steady and sustainable growth that total assets, loans and deposits aims for 3%, 5% and 3% YoY growth, respectively, in 2025.

Earnings continue growing with NII increase as the main force, driven by restructuring of loan and deposit portfolio.  Offshore business will continue expanding along with supply chain relocation in SE Asia and South Asia.  FEIB’s long-term goal is to expand its business scale to NT$1 trillion, through consolidating with FEG’s financial affiliates, merger with external financial targets, or organic growth by new capital issuance.   FEIB strives to delivering sustainable value to its shareholders, customers, and employees alike.