May 2026
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Largest Commercial Banking Public Companies in Taiwan
Benchmark revenue and EBITDA valuation multiples for public comps like
CTBC Financial Holding, Yuanta Financial Holdings, Mega Financial Holding, Taishin Holdings and E. Sun Financial.
 | CTBC Financial Holding Co Ltd is a diversified financial services holding company. The company's segment includes Institutional banking, Retail banking, Life insurance, and others. It generates maximum revenue from the Institutional banking segment. The operating activities of Institutional Banking are commercial banking and capital market activities, which provide clients with flexible and tailor-made financing services and the design, supply, and proprietary trading of various financial products. Geographically, it derives a majority of its revenue from Taiwan. | $2 | +44% | $39B | $48B | 5.8x | - | ||
| Yuanta Financial Holdings Co Ltd is engages in the business of a financial holding company and its operations are limited to investing and investment management. | $2 | +81% | $25B | $19B | 4.7x | 11.7x | ||
| Mega Financial Holding Co Ltd is a financial services holding company operating mostly in Taiwan but with exposure internationally. The activities of the company includes banking, underwriting securities, brokerage and proprietary business of bills and bonds, insurance, asset management, venture capital, business operations, and others. | $1 | +2% | $20B | $23B | 8.9x | - | ||
| TS Financial Holding Co Ltd formerly Taishin Financial Holdings Co Ltd is a Taiwanese holding company that provides comprehensive financial services. The company's main business activities are investing and managing its investments in financial institutions. The operation departments of the company are subsidiaries of the bank business, securities business, insurance business and other businesses, respectively. Majority of revenue is from Bank business. Company operates in Asia, Europe, America, and Others, with maximum revenue from Asia. | $1 | +59% | $19B | $28B | 5.7x | - | ||
| E. Sun Financial Holding Co Ltd provides financial services in Taiwan. The company, through its subsidiaries, the group offers banking, securities, insurance, and venture capital services. The company has four reportable segments; Corporate banking unit, which handles corporate loans, foreign exchange business, and financial banking operations; Individual banking unit, which handles mortgage, unsecured personal loans (UPLs), wealth management, and credit cards; Overseas branches and subsidiaries, including overseas branches and subsidiaries’ business; and Others, including other performance units except for the above operating segments. The company generates the majority of its revenue from Corporate and Individual Banking Units. | $1 | -2% | $16B | $18B | 6.2x | - | ||
| Hua Nan Financial Holdings Co Ltd is a financial services group in Taiwan. The company has multiple subsidiaries that operate in financial businesses such as banking, trading, insurance, investments & trusts, asset management, and venture capital. These subsidiaries include Hua Nan Commercial Bank Ltd., Hua Nan Securities Co., Ltd., South China Insurance Co., Ltd., Hua Nan Investment Trust Corp., Hua Nan Venture Capital Co., Ltd., and Hua Nan AMC. The Hua Nan Commercial Bank subsidiary generates a vast majority of the company's revenue. This subsidiary acts as a commercial bank accepting deposits, grants, and loans as well as offering bill financing and credit cards. | $1 | +24% | $15B | $19B | 8.5x | - | ||
| SinoPac Financial Holdings Co Ltd is a Taiwan-based financial holdings company. The company's business segments consist of the banking business, which includes Bank SinoPac and its subsidiaries, and offers investment, insurance agent, insurance brokerage, and other services; the securities business, which includes SinoPac Securities and its subsidiaries, and offers securities trading, investment consulting, asset management, and other services; and the other business segment, which conducts businesses through several other subsidiaries. The company generates its revenue from the banking business. The company has a business presence in Taiwan, the United States, Asia, and other countries, with Taiwan accounting for majority of its revenue. | $1 | +32% | $14B | $17B | 7.3x | - | ||
| First Financial Holding Co Ltd is a financial services holding company that consists of various subsidiaries. The majority of the group's activities are overwhelmingly concentrated in Taiwan. Its key revenue contributing subsidiary, First Bank, derives its net revenue from net interest income through the provision of banking and other financial services. The Group operates globally in three business segments: Banking business, Securities business, and Insurance business. Maximum revenue is generated from the Banking business, which provides various banking and financial services such as corporate and personal banking, internet banking, remittance services, investment products, etc. Geographically, it derives key revenue from Taiwan, followed by other Asian markets, America, and others. | $1 | -1% | $13B | $17B | 6.8x | - | ||
| Taiwan Cooperative Financial Holding Co Ltd is a financial holding company with a broad range of financial products and services in Taiwan. The company reportable segments include TCB business segment which includes deposit and loan, capital, trust, and other business and Other noncore business segments. The company generates maximum revenue from TCB Business segment. The company offers commercial banking, bills finance, credit cards, insurance, security and futures trading, venture capital, and asset management through its subsidiaries. | $1 | -3% | $11B | $16B | 6.6x | - | ||
| Chang Hwa Commercial Bank Ltd operates as a bank. It operates in segments namely Loans, Deposits and Remittances, Financial Instruments and Investments, Wealth Management, Subsidiaries and Overseas branches, and others. It generates a majority of its revenue from the Loan segment. It offers services such as wealth management, personal cards, housing loans, credit loans, personal Internet banking, commercial Internet banking, and others. | $1 | +17% | $8B | $9B | 6.3x | - | ||
| The Shanghai Commercial and Savings Bank provides commercial banking businesses. The company's objective is to serve society, to support industry, and to promote international trade. Its products include current accounts, savings accounts, term deposits, recurring deposits, online banking, loans and overdraft facilities, foreign exchange, and securities trading. Its geographical segment includes Taiwan, Hong Kong, and others. | $1 | -13% | $6B | $7B | 4.2x | - | ||
| Taiwan Business Bank is a Taiwan-based company that is principally engaged in providing financial services. The company generates the majority of its revenue from the bank business. The company is also involved in the securities business. Its securities business consists of securities brokerage, financing transactions, and futures-related auxiliary transactions, and trust business, which provides various financial services. It is engaged in banking activities, including deposit, loan, foreign exchange, investment, trust, and wealth management. | $1 | +14% | $5B | $6B | 5.2x | - | ||
| Median | $1 | +15% | $14B | $18B | 6.2x | 11.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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