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CTBC Financial: Announced on behalf of our subsidiary, Taiwan Life Insurance Co., Ltd., regarding Russia’s sovereign bond and Gazprom’s foreign currency bond impairment

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Provided by: CTBC FINANCIAL HOLDING CO., LTD.

SEQ_NO

3

Date of announcement

2022/04/08

Time of announcement

17:42:33

Subject

 Announced on behalf of our subsidiary,Taiwan Life
Insurance Co., Ltd., regarding  Russia's sovereign bond
and Gazprom's foreign currency bond impairment

Date of events

2022/04/08

To which item it meets

paragraph 51

statement

1.Date of occurrence of the event:2022/04/08
2.Company name:Taiwan Life Insurance Co., Ltd.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:100% subsidiary of CFHC
5.Cause of occurrence:according to IFRS(International Financial Reporting
Standards) 9
6.Countermeasures:N/A
7.Any other matters that need to be specified:The total investment cost of
Russia's sovereign bond and Gazprom's foreign currency bond is NTD$9,670,451
thousand.Russia may not have the ability to pay the principle and interest
payments of outstanding bonds due to the sanctions imposed on Russia over
Ukraine invasion.NTD$581,554 thousand loss would be caused by imparment
amount on March 31st, 2022.

Disclaimer

CTBC Financial Holding Co. Ltd. published this content on April 08, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2022 09:58:05 UTC.

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Sales 2022 227B
7,857M
7,857M
Net income 2022 56,100M
1,944M
1,944M
Net Debt 2022

P/E ratio 2022 10.7x
Yield 2022 4.41%
capitalization 592B
20,504M
20,504M
capi. / Sales 2022 2.61x
capi. / Sales 2023 2.42x
Number of Employees 21,159
Free Float 92.3%

Chart CTBC FINANCIAL HOLDING CO., LTD.


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CTBC Financial Holding Co., Ltd.  Technical Analysis Chart |  MarketScreener

Technical analysis trends CTBC FINANCIAL HOLDING CO., LTD.

short-term Mid Term Long term
trends Bullish Bullish Bullish



Income Statement Evolution

Sell

Buy

Mean-consensus BUY
Number of Analysts 13
Last Close Price TWD30.35
Average target price TWD33.20
Spread / Average Target 9.38%


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