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An increase in domestic COVID-19 infections has had little impact on Taiwan Business Bank’s (TBB, 台灣企銀) operations, it said yesterday, adding that it expects stable growth in mortgage lending this year, despite credit controls aimed at cooling the real-estate market.
The state-run bank gave the guardedly optimistic view during an online investors’ conference, where it confirmed a net profit of NT$1.1 billion (US$39.77 million) for the first quarter, or earnings per share of NT$0.17.
<strong>STILL AFFECTED</strong>
The result was weaker than a year earlier, suggesting that the lender has not yet emerged from the effects of the COVID-19 pandemic, but it said it