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Taiwan's largest private-sector bank holding group, built around CTBC Bank, with a wide overseas branch network.
Taiwan's largest private-sector bank holding group, built around CTBC Bank, with a wide overseas branch network.
Earns from the spread on loans and fees on credit cards, wealth products and foreign-exchange services; credit cards are a major business in Taiwan. It added insurance by buying Taiwan Life, now CTBC Life, and built its overseas branch network early, including by buying Tokyo Star Bank in Japan.
In one line: Taiwan's largest private bank, like a smaller JPMorgan Chase for retail plus corporate ban.
Moat: narrow (scale, brand, distribution). Largest private-sector Taiwan bank by assets with an unusually broad overseas branch footprint.
Headquarters: Taipei, Taiwan · Founded: 2002 · Employees: 25,787
Size Ctbc Financial (2891.TW) is a Taiwan Financials company (Regional Banks) with a market value of $43.7B, the 9th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$73.40 on 6 Nov 2026.
Performance Over six months the shares gained 37.2%, against +8.2% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +1.3%); the operating margin is 31.2% (peer median 33.7%).
Valuation It trades at 2.06× book value against a peer median of 1.27× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 8.9%; Ctbc Financial delivers 14.7%, so the price asks less than the business earns today.
Next results Next results expected around 24 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$518B | NT$554B | NT$546B | NT$412B | NT$417B |
| Revenue growth | — | +2% | +32% | -1% | — |
| Net income | NT$84.3B | NT$80.6B | NT$72.0B | NT$56.1B | NT$31.3B |
| Free cash flow | NT$228B | NT$122B | NT$168B | NT$25.7B | NT$182B |
| Capital expenditure | NT$7.01B | NT$6.64B | NT$4.92B | NT$4.41B | NT$4.28B |
| Total debt | NT$713B | NT$692B | NT$633B | NT$571B | NT$463B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Ctbc Financial 2891.TW | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% |
| Mega Financial 2886.TW | $24.0B | +37% | +1% | 10% | 1.97× | 5.9% |
| Ts Financial 2887.TW | $29.2B | +62% | +200% | 15% | 1.38× | 5.9% |
| E Sun Financial 2884.TW | $25.2B | +55% | +36% | 15% | 2.70× | 7.6% |
| Fubon Financial Hldg 2881.TW | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2891.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.9% | +1.0% | 3rd highest of 21 |
| 6-month return | +37.2% | +8.2% | 3rd highest of 21 |
| Return on equity | 14.7% | 10.5% | 5th highest of 21 |
| Price / book | 2.06× | 1.27× | 3rd most expensive of 21 |
| Trailing P/E | 17.3× | 12.2× | 5th most expensive of 20 |
| ROE the price implies | 8.9% | 9.0% | 11th least demanding of 21 |
| ROE delivered | 14.7% | 10.6% | 5th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Ctbc Financial 2891.TW | Taiwan | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% | 14.7% |
| Commerzbank CBK.DE | Germany | $46.3B | +4% | -3% | 10% | 1.36× | 10.3% | 10.3% |
| Fifth Third Bancorp FITB | United States | $47.9B | +8% | +15% | 9% | 1.55× | 13.6% | 9.4% |
| Banca Monte dei Paschi di Siena BMPS.MI | Italy | $38.4B | +19% | +55% | 16% | 1.30× | 13.9% | 15.5% |
| Shanghai Pudong Development Bank 600000.SS | China | $50.1B | +8% | -3% | 6% | 0.40× | 2.0% | 6.1% |
| KBFinancialGroup 105560.KS | South Korea | $37.5B | -5% | +32% | 10% | 0.99× | 5.6% | n/a |
| Credit Agricole ACA.PA | France | $53.7B | -8% | -1% | 9% | 0.68× | 8.1% | 8.9% |
| Bank of Jiangsu 600919.SS | China | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% | 12.8% |
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |
| Nu Holdings Ltd. Class A NU | United States | $58.1B | -13% | +54% | 32% | 4.39× | 32.4% | 31.6% |
| Truist Financial TFC | United States | $59.2B | +1% | -5% | 8% | 1.06× | 9.6% | 8.2% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| Industrial Bank 601166.SS | China | $62.6B | +10% | -4% | 9% | 0.49× | 2.2% | 9.2% |
| Japan Post Bank 7182.T | Japan | $65.5B | +7% | +39% | 7% | 1.11× | 8.3% | 6.6% |
| Postal Savings Bank of China 601658.SS | China | $69.7B | +9% | -2% | 9% | 0.62× | 2.7% | 8.7% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| CaixaBank CABK.MC | Spain | $91.9B | +7% | -2% | 16% | 2.05× | 13.3% | 16.5% |