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Fubon Insurance Co’s (富邦產險) board of directors on Tuesday approved a proposed capital increase to enhance the company’s risk-based capital ratio.
A capital injection of NT$15 billion (US$500.32 million) by the end of next month would help lift its risk-based capital ratio by 100 percentage points, the company said in a statement.
The ratio stood at 225.8 percent at the end of June, slightly above the regulatory minimum of 200 percent, it said.
Cathay Century Insurance Co (國泰世紀產險), CTBC Insurance Co (中國信託產險) and Tokio Marine Newa Insurance Co (新安東京海上產險) have already approved plans to boost their capital by NT$10 billion, NT$4 billion
Taipei
T-ai-pei
Taiwan
Nangang
Hualian-xian
Liao-chen-hui
Financial-supervisory-commission
Cathay-century-insurance-co
Central-reinsurance-corp
Insurance-co
Taipei-times
Yuanta Financial Holding Co (元大金控), CTBC Financial Holding Co (中信金控) and IBF Financial Holdings Co (國票金控) topped their local financial conglomerate peers in terms of employees’ paychecks last year, data released by the firms showed yesterday.
Yuanta Financial reported an annual rise of 25.6 percent in the average employee paycheck to NT$2.04 million (US$69,416) last year, making it Taiwan’s only financial conglomerate with an average wage of more than NT$2 million, the firm’s data showed.
CTBC Financial was second, paying its employees NT$1.9 million on average, up 21 percent from a year earlier, company data showed.
IBF Financial ranked third with an average
China
Taipei
T-ai-pei
Taiwan
Songshan
Yuanta
Jiangsu
Chang-hui-wen
Capital-securities-corp
Financial-holdings-co
Cathay-financial-holding-co
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