2019/3Q Analyst Meeting

2019/11/12

This presentation and the presentation materials distributed herewith may

include forward-looking statements. The third quarter of 2019 financial data

are preliminary. All statements, other than statements of historical facts, that

address activities, events or developments that SinoPac Financial Holdings

Company (“SinoPac”) expects or anticipates will or may occur in the future

(including but not limited to projections, targets, estimates and business plans)

are forward-looking statements. SinoPac’s actual results or developments may

differ materially from those indicated by these forward-looking statements as a

result of various factors and uncertainties, including but not limited to price

fluctuations, actual demand, exchange rate fluctuations, market shares,

competition, changes in legal, financial and regulatory frameworks,

international economic and financial market conditions, political risks, cost

estimates and other risks and factors beyond its control. In addition, SinoPac

makes the forward-looking statements referred to herein as of today and

undertakes no obligation to update these statements.

2

Disclaimer

Agenda

• SPH Operating Report (p.2)

• Financial Highlights (p.3~ p.5)

- SinoPac Holdings (p.3)

- Bank SinoPac (p.4)

- SinoPac Securities (p.5)

• Earnings Analysis (p.6~ p.14)

- SPH Profit Contribution by Subsidiaries (p.6)

- SPH P&L Breakdown (p.7)

- SPH Net Revenues Breakdown (p.8)

- BSP NIM & Spread (p.9)

- BSP Loan Portfolio (p.10)

- BSP Deposit Portfolio (p.11)

- SPH Fee Income (p.12)

- SPH Operating Expense (p.13)

- BSP Asset Quality (p.14)

1

Operating Report

2

Major Achievements

Fitch upgrades the Issuer Default Ratings (IDRs) of SPH and its principal subsidiary Bank SinoPac (BSP) to BBB+ from

BBB, their National Long-Term Rating to AA-(twn) from A+(twn), and their Viability Ratings (VRs) to bbb+ from bbb. The rating outlook is stable. Moreover, Fitch upgrades the IDR of BSP's wholly-owned subsidiary Bank SinoPac (China) to BBB from BBB- with a stable outlook

BSP was awarded the Best Green Financial Contribution Award by Excellence Magazine

BSP was awarded ABF Wholesale Banking Awards 2019 in the category of Technology and Operations, and was the first bank which has received the recognition for three consecutive years by implementing Bank SinoPac Partner APIs Platform successfully

BSP was presented the Top 20% 2019 Fair Dealing Assessment of Excellent Banks by FSC for treating clients fairly

SPS was awarded Business Today the 13th Wealth Management Banks and Securities Firms Evaluation in the aspect of No 1 in Best in ESG Award, No 3 in Best Seniors Service Award, and No 3 in Best Smart Financial Management Award

9M19 SPH net income +20.5% YoY. Revenue growth drove profit growth while operating expenses steady

9M19 SPH net fee income stimulated by wealth management; net revenues gained steam from swap trading

BSP diversified asset allocation, SPH total assets continued growing

SPH 3Q total assets NT$1.83 trillion, +2.8% QoQ; +13.6% YoY

BSP 3Q total loans over NT$1.07 trillion, +2.9% QoQ; +16.0% YoY

SPH 3Q CAR 111%, BSP consolidated BIS ratio 13.48%, Tier 1 ratio 11.42%

NT$Mn 3Q19 QoQ 9M19 YoY

Net Revenues 9,068 0.8% 27,853 11.0%

Net Income 2,992 6.9% 9,545 20.5%

NT$Mn 3Q19 QoQ 9M19 YoY

Net Interest Income 4,117 6.8% 11,831 -0.1%

Net Fee Income 2,888 14.8% 8,472 5.7%

Others 2,063 -21.5% 7,550 44.3%

NT$Mn；

Mn Shares2016 2017 2018 9M19 YoY 3Q19 2Q19 QoQ

Share capital 106,764 110,501 112,711 112,711 0.0% 112,711 112,711 0.0%

Shares

outstanding10,676 11,050 11,271 11,271 0.0% 11,271 11,271 0.0%

Total equity 133,898 138,260 141,821 145,809 3.6% 145,809 143,063 1.9%

Total assets 1,678,930 1,599,161 1,604,926 1,827,556 13.6% 1,827,556 1,777,513 2.8%

Leverage 12.54 11.57 11.32 12.53 1.10 12.53 12.42 0.11

Net revenues 30,820 32,506 32,113 27,853 11.0% 9,068 9,000 0.8%

Net income 8,282 9,084 9,428 9,545 20.5% 2,992 2,798 6.9%

EPS（NT$） 0.73 0.81 0.84 0.85 0.15 0.27 0.25 0.02

BVPS（NT$） 12.54 12.51 12.58 12.94 0.45 12.94 12.69 0.25

ROA 0.51% 0.55% 0.59% 0.74% 0.08% 0.66% 0.64% 0.02%

ROE 6.24% 6.68% 6.72% 8.87% 1.30% 8.22% 7.75% 0.47%

CAR 119% 130% 124% 111% -11% 111% 111% 0%

DLR 115% 114% 114% 113% 0% 113% 114% 0%

3

SPH Financial Highlights

BSP Financial Highlights

Note1: loans portfolio includes credit card revolving balance and FA, excluding non-accrual loans.

Note2: numbers are presented on consolidated basis.

4

NT$Mn 2016 2017 2018 9M19 YoY 3Q19 2Q19 QoQ

Share capital 83,955 86,061 86,061 86,061 0.0% 86,061 86,061 0.0%

Total equity 119,722 125,002 129,082 131,835 3.6% 131,835 129,530 1.8%

Total assets 1,505,653 1,433,208 1,485,321 1,697,484 16.0% 1,697,484 1,640,324 3.5%

Leverage 12.58 11.47 11.51 12.88 1.38 12.88 12.66 0.22

PPOP 9,424 10,086 12,055 10,502 12.5% 3,127 3,427 -8.8%

Net Income 6,858 7,896 9,674 7,928 2.5% 2,277 2,532 -10.1%

EPS (NT$） 0.81 0.92 1.12 0.92 0.02 0.26 0.29 -0.03

BVPS (NT$) 14.26 14.52 15.00 15.32 0.53 15.32 15.05 0.27

ROA 0.47% 0.54% 0.66% 0.67% 0.01% 0.54% 0.63% -0.09%

ROE 5.99% 6.45% 7.60% 8.13% -0.05% 6.91% 7.73% -0.82%

Total deposits 1,259,310 1,154,478 1,195,620 1,393,754 20.0% 1,393,754 1,353,328 3.0%

Total loans 914,933 887,199 945,931 1,069,065 16.0% 1,069,065 1,038,578 2.9%

L to D ratio 72.7% 76.8% 79.1% 76.7% -2.6% 76.7% 76.7% 0.0%

NPL Ratio 0.35% 0.30% 0.25% 0.21% -0.06% 0.21% 0.23% -0.02%

Coverage ratio 423% 482% 573% 629% 114% 629% 588% 42%

Reserve-to-loan ratio 1.48% 1.43% 1.40% 1.34% -0.06% 1.34% 1.36% -0.02%

BIS Ratio 14.09% 15.28% 14.44% 13.48% -0.97% 13.48% 13.52% -0.04%

Tier 1 Ratio 11.92% 13.23% 12.73% 11.42% -1.06% 11.42% 11.65% -0.23%

Leverage ratio 7.28% 8.25% 8.40% 7.57% -0.54% 7.57% 7.61% -0.04%

NT$Mn 2016 2017 2018 2019/1-9M YoY 2019/3Q 2019/2Q QoQ

Share capital 16,212 16,212 16,212 16,212 0.0% 16,212 16,212 0.0%

Total equity 25,566 25,800 25,875 27,050 3.0% 27,050 26,686 1.4%

Total assets 146,696 148,204 110,795 120,143 -11.0% 120,143 126,300 -4.9%

Capital gain 545 1,169 -628 916 278.8% 224 325 -31.0%

Recurring income 5,536 6,612 6,708 4,542 -15.3% 1,789 1,445 23.8%

Net income 1,067 1,129 467 1,396 141.7% 588 410 43.3%

EPS（NT$） 0.66 0.70 0.29 0.86 0.50 0.36 0.25 0.11

BVPS（NT$） 15.77 15.91 15.96 16.69 0.48 16.69 16.46 0.22

CAR 324% 293% 428% 465% 108% 465% 423% 42%

ROA 0.80% 0.77% 0.36% 1.62% 1.07% 1.89% 1.32% 0.58%

ROE 4.19% 4.39% 1.80% 7.05% 4.10% 8.69% 6.19% 2.49%

Leverage 5.74 5.74 4.28 4.44 -0.70 4.44 4.73 -0.29

Brokerage market share 4.69% 5.13% 4.86% 4.65% -0.31% 4.73% 4.59% 0.14%

Avg. balance of margin trading 12,736 16,113 16,461 11,456 -35.8% 11,428 11,379 0.4%

Margin trading market share 6.79% 7.45% 7.24% 6.58% -0.68% 6.46% 6.50% -0.04%

SPS Financial Highlights

5

Note: numbers are presented on consolidated basis.

Profit Contribution by Subsidiaries

3Q19

9M19

NT$Mn

6 Note： numbers are presented on consolidated basis.

2,277 588 80 2,945 2,992 47

BSP SPS Other Subsidiaries Total LT inv. Expenses SPH Net Income

(+/-) -255 178 86 9 185 194

QoQ -10% 43% 1270% 0.3% 134% 7%

77.3%

20.0%

2.7%

收益佔比

81.5%

14.4%

4.1%

收益佔比

7,929 1,396

398 9,724 9,545

-179

BSP SPS Other Subsidiaries Total LT inv. Expenses SPH Net Income

(+/-) 191 819 532 1,542 82 1,624

YoY 2% 142% 399% 19% 31% 20%

SPH P&L Breakdown

NT$Mn 3Q19

Note： numbers are presented on consolidated basis. 7

9M19

(+/-) 68 -114 194 147 47 194

QoQ 1% -2% 34% 5% 10% 7%

9,068

2,992

-5,285

-418 -373 3,410

Net revenues Op exp. Provison Net profit before tax Tax Net income

27,853

9,545

-15,699

-1,479 -1,131 11,024

Net revenues Op exp. Provison Net profit before tax Tax Net income

(+/-) 2,765 -1,049 -147 1,570 54 1,624

YoY 11% -7% -15% 17% 4% 20%

SPH Net Revenues Breakdown NT$Mn Quarterly

3,844 3,927 4,079 4,250 4,396

2,4332,1582,129 2,074 2,233

2,488

1,865 2,079 2,057 2,238

7,867 8,135 8,2108,720

9,317

2013/1Q 2013/2Q 2013/3Q 2013/4Q 2014/1Q

利息淨收益

手續費淨收益

其他

淨收益

Note: numbers are presented on consolidated basis. 8

Yearly Year-to-date

11,839 11,831

8,019 8,472

5,230

7,550

25,088

27,853

9M18 9M19

16,103 15,799 15,791

9,514 9,946 10,400

6,888 6,367

8,687

32,506 32,113 34,878

2017 2018 Last 4 Quarters

1.42%

1.35%1.31% 1.27%

1.24%

1.12%1.07%

1.04%

0.96% 0.99%

2.29% 2.31% 2.33% 2.35% 2.32%

0.87%

0.96%1.02%

1.08% 1.08%

3Q18 4Q18 1Q19 2Q19 3Q19

Spread NIM Loan Deposit

1,344,693

1,542,307

3,781 3,742 3,621 3,581

3,837

3Q18 4Q18 1Q19 2Q19 3Q19

Interest earning assets NII

Interest earning assets & Net interest income NIM & Spread

NT$Mn

Note: numbers are presented on consolidated basis.

9

-2.9bps

+2.2bps

+0.1bps

-2.8bps

QoQ

+3.5%

+7.1%

BSP NIM & Spread

79.8% 79.6% 77.4% 78%

16.3% 15.6%16.9% 16%

0.7% 1.1% 1.4% 2%

3.3% 3.7% 4.3% 4%

2017 2018 2Q19 3Q19

TWD USD RMB Others

Note1: loans portfolio includes credit card revolving balance and FA, excluding non-accrual loans. Note2: numbers are presented on consolidated basis. 10

NT$Mn

BSP’s Loan Loan by Currency

QoQ

+2.9%

-3.3%

+5.4%

+5.4%

-1.0%

BSP Loan Portfolio Breakdown

279,485 308,468

354,868 351,177

159,318

184,622

195,659 206,203

420,986

423,771

456,698 481,380

27,410

29,070

31,353 30,305

887,199

945,931

1,038,578 1,069,065

2017 2018 2Q19 3Q19

Non-SME SME Individual Consumer

392,949 408,559 438,977 458,136

144,115 131,872 145,595

143,193

201,160 251,919

316,334 336,494

416,255

403,270

452,422 455,932

1,154,478 1,195,620

1,353,328 1,393,754

2017 2018 2Q19 3Q19

NTD Savings FX Savings FX TD NTD TD

70.1% 67.9% 65.9% 65.6%

22.3% 24.4% 26.3% 27.1%

4.4% 4.6% 4.3% 4.1%

3.2% 3.2% 3.5% 3.2%

2017 2018 2Q19 3Q19

TWD USD RMB Others

BSP’s Deposit Deposit by Currency

Note: numbers are presented on consolidated basis. 11

NT$Mn

QoQ

+3.0%

+0.8%

+6.4%

-1.6%

+4.4%

BSP Deposit Portfolio Breakdown

42%

5%

8%

6%

39%

3Q19

43%

5%

10%

5%

37%

9M19

SPS relatedfee income

FX/Others

Loan

Credit card

WM

989

127 204

174

1,066

541

182 119 124

962

1,472

137

387

145

927 951

126

253

129

1,057

1,200

142 229

168

1,149

2,560

1,927

3,068

2,516 2,888

Wealth Management Credit card Loan FX/Others Securities Brokerageand others

3Q18 4Q18 1Q19 2Q19 3Q19 Fee income

SPH Fee Income Breakdown NT$Mn

Note: numbers are presented on consolidated basis.

12

4Q18

1Q19 3Q18

2Q19

39%

7%

6%

10%

38%

2016/3Q

Fee income breakdown

SPS related fee income

FX/Others

Loan

Credit card

WM

QoQ +14.8%

YoY +12.8%

QoQ: +26.2%

YoY: +21.3%

+12.4%

+11.8%

-9.6%

+12.2%

+29.7%

-3.4%

+8.7%

+7.8%

3Q19

32,506 32,113 34,878

19,520 19,353 20,402

60% 60% 58%

2017 2018 Last 4 Quarters

25,088

27,853

14,651 15,699

58% 56%

9M18 9M19

8,890

7,025

9,785 9,000 9,068

4,951 4,703

5,244 5,170 5,285

56%

67%

54%57% 58%

3Q18 4Q18 1Q19 2Q19 3Q19

NT$Mn Quarterly

13 Note: numbers are presented on consolidated basis.

Year-to-date Yearly

SPH Operating Expense Breakdown

2,464 2,275 2,278 2,348 2,235

12,700 13,031 13,442 13,800 14,070

0.27% 0.25% 0.23% 0.23% 0.21%

-0.80%

1.20%

- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000

3Q18 4Q18 1Q19 2Q19 3Q19

逾放餘額 備抵餘額 逾放比

515.44% 572.82% 590.16% 587.86% 629.49%

備抵呆帳覆蓋率

Reserve/

Loan Ratio 1.40% 1.40% 1.38% 1.36% 1.34%

NT$Mn

Note 1: numbers are based on regulator’s definition, excluding FA and credit card revolving balance.

Note 2: numbers are presented on consolidated basis.

14

BSP Asset Quality

1,770 1,881 2,159 2,703 2,872

12,565 12,668 12,413 12,479 12,383

0.212% 0.217% 0.243%0.301% 0.328%

-0.800%

1.200%

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

17,000

18,000

19,000

20,000

2015/2Q 2015/3Q 2015/4Q 2016/1Q 2016/2Q

NPL Reserve NPL ratio

709.84% 673.56%574.81%

461.70% 431.21%

Coverage ratio

2,596 2,563

2,471

2,464 2,275

12,513 12,309 12,566 12,700 13,031

0.30% 0.30% 0.28% 0.27% 0.25%

-0.80%

1.20%

- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 19,000 20,000

2017/4Q 2018/1Q 2018/2Q 2018/3Q 2018/4Q

逾放餘額 備抵餘額 逾放比

481.95% 480.20% 508.49% 515.44%572.82%

備抵呆帳覆蓋率

NT$ Mn

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) YTD(%)

Assets:Cash and cash equivalents, net 28,881 25,417 23,425 25,417 24,575 28,610 25,634 -10.40 9.43 0.85

Due from the central bank and call loans to banks, net 95,213 91,889 85,361 91,889 112,193 116,351 89,822 -22.80 5.23 -2.25

Financial assets at fair value through profit or loss 132,110 84,863 95,132 84,863 87,155 89,573 86,276 -3.68 -9.31 1.66

Financial assets at fair value through other comprehensive income 0 209,421 219,310 209,421 225,935 228,987 233,855 2.13 6.63 11.67

Debt instrument investments measured at amortized cost 0 93,681 83,295 93,681 101,406 113,134 130,145 15.04 56.25 38.92

Securities purchased under agreements to resell 26,717 22,205 30,360 22,205 16,972 20,389 39,095 91.74 28.77 76.06

Receivables, net 81,074 75,646 82,447 75,646 73,127 79,228 92,294 16.49 11.94 22.01

Current tax assets 353 328 340 328 292 296 247 -16.76 -27.58 -24.73

Discounts and loans, net 869,373 922,364 904,572 922,364 984,868 1,019,303 1,048,276 2.84 15.89 13.65

Available-for-sale financial assets 231,553 0 0 0 0 0 0 - - -

Held-to-maturity financial assets 56,608 0 0 0 0 0 0 - - -

Investments accounted for using the equity method, net 401 486 440 486 513 520 507 -2.56 15.08 4.13

Other financial assets, net 34,933 39,667 40,254 39,667 39,876 41,395 36,624 -11.53 -9.02 -7.67

Investment property, net 2,607 2,589 2,584 2,589 2,584 2,536 2,518 -0.71 -2.57 -2.76

Property, plant and equipment, net 12,307 12,573 12,581 12,573 12,553 12,523 12,594 0.57 0.11 0.17

Right-of use assets 0 0 0 0 3,385 3,543 3,270 -7.71 - -

Intangible assets, net 2,335 2,235 2,281 2,235 2,249 2,243 2,237 -0.26 -1.91 0.10

Deferred tax assets 2,257 2,353 2,351 2,353 2,194 2,084 2,286 9.71 -2.74 -2.82

Other assets, net 22,439 19,208 23,810 19,208 18,508 16,797 21,877 30.24 -8.12 13.90

Total Assets 1,599,161 1,604,926 1,608,544 1,604,926 1,708,383 1,777,513 1,827,556 2.82 13.62 13.87

Liabilities and equity

LiabilitiesDeposits from the central bank and banks 29,621 37,965 53,617 37,965 39,888 51,638 52,560 1.78 -1.97 38.44

Commercial paper payable, net 44,881 33,814 38,180 33,814 29,978 25,596 28,183 10.11 -26.18 -16.65

Financial liabilities at fair value through profit or loss 24,036 22,779 25,845 22,779 20,326 21,398 28,669 33.98 10.92 25.86

Securities sold under agreement to repurchase 66,004 46,778 48,865 46,778 49,610 44,619 39,051 -12.48 -20.08 -16.52

Payables 40,590 37,638 49,626 37,638 39,662 49,081 53,010 8.00 6.82 40.84

Current tax liabilities 1,093 1,095 1,008 1,095 1,344 1,108 1,501 35.40 48.88 37.03

Deposit and remittances 1,148,591 1,190,751 1,157,230 1,190,751 1,277,862 1,339,585 1,378,962 2.94 19.16 15.81

Bonds payable 42,530 35,722 38,882 35,722 39,221 40,221 38,519 -4.23 -0.93 7.83

Short-term borrowings 8,042 4,622 7,860 4,622 5,178 4,513 4,939 9.44 -37.16 6.87

Long-term borrowings 9,271 4,279 2,525 4,279 4,567 4,680 3,296 -29.57 30.53 -22.97

Liabilities component of preferred stocks 18 18 18 18 18 18 18 0.00 0.00 0.00

Provisions 3,122 3,432 3,235 3,432 3,261 3,252 3,248 -0.11 0.42 -5.35

Other financial liabilities 29,734 35,088 31,062 35,088 38,573 35,699 36,458 2.12 17.37 3.90

Lease liabilities 0 0 0 0 2,697 2,877 2,622 -8.89 - -

Deferred tax liabilities 1,281 1,545 1,517 1,545 1,637 1,667 1,659 -0.47 9.39 7.41

Other liabilities 12,087 7,580 8,300 7,580 7,826 8,496 9,052 6.54 9.06 19.42

Total liabilities 1,460,901 1,463,105 1,467,770 1,463,105 1,561,649 1,634,451 1,681,747 2.89 14.58 14.94

Capital stock 110,501 112,711 112,711 112,711 112,711 112,711 112,711 0.00 0.00 0.00

Capital surplus 2,229 2,229 2,229 2,229 2,229 2,229 2,229 0.00 0.00 0.00

Retained earnings 25,547 27,244 25,908 27,244 30,896 26,522 29,481 11.16 13.79 8.21

Other equity (20) (366) -76 -366 896 1,598 1,385 -13.32 -1,915.91 NA

Total equity attributable to owners of the parent 138,256 141,818 140,771 141,818 146,731 143,059 145,805 1.92 3.58 2.81

Non-controlling interests 4 3 3 3 3 3 3 -2.42 -0.54 -0.92

TOTAL 1,599,161 1,604,926 1,608,544 1,604,926 1,708,383 1,777,513 1,827,556 2.82 13.62 13.87

Yearly Results Quarterly Results

SPH's Balance Sheet (Consolidated)

Appendix 1/12

Appendix 2/12

NT$Mn BSP SPS Trust Leasing Others Sum Adj. Items SPH

(Consoliated) (Consolidated) (Consolidated) (Consolidated)

Assets:Cash and cash equivalents, net 22,095 5,742 269 334 882 29,322 -3,688 25,634

Due from the central bank and call loans to banks, net 89,822 0 0 0 0 89,822 0 89,822

Financial assets at fair value through profit or loss 54,951 29,390 92 4 1,842 86,280 -4 86,276

Financial assets at fair value through other comprehensive income 223,273 10,248 0 0 335 233,855 0 233,855

Debt instrument investments measured at amortized cost 130,145 0 0 0 0 130,145 0 130,145

Securities purchased under agreements to resell 34,402 7,039 0 0 0 41,441 -2,347 39,095

Receivables, net 62,148 25,460 19 4,632 1,493 93,752 -1,458 92,294

Current tax assets 1,406 100 13 67 953 2,540 -2,293 247

Discounts and loans, net 1,045,410 0 0 3,766 0 1,049,176 -900 1,048,276

Investments accounted for using the equity method, net 0 0 407 0 165,204 165,611 -165,105 507

Other financial assets, net 12,202 22,790 616 2,909 236 38,754 -2,130 36,624

Investment property, net 1,115 0 0 5,921 182 7,218 -4,700 2,518

Property, plant and equipment, net 9,375 2,120 2 107 16 11,620 975 12,594

Right-of use assets 1,583 759 63 39 19 2,462 808 3,270

Intangible assets, net 1,413 809 3 11 1 2,237 0 2,237

Deferred tax assets 1,481 491 9 255 58 2,294 -7 2,286

Other assets, net 6,663 15,013 132 81 37 21,926 -49 21,877

Total Assets 1,697,484 119,961 1,626 18,125 171,258 2,008,453 -180,898 1,827,556

Liabilities and equity

LiabilitiesDeposits from the central bank and banks 52,560 0 0 0 0 52,560 0 52,560

Commercial paper payable, net 0 4,248 0 4,463 19,472 28,183 0 28,183

Financial liabilities at fair value through profit or loss 23,023 5,649 0 0 0 28,672 -4 28,669

Securities sold under agreement to repurchase 10,653 30,744 0 0 0 41,398 -2,347 39,051

Payables 30,767 23,518 30 75 78 54,469 -1,459 53,010

Current tax liabilities 990 117 0 27 2,667 3,801 -2,300 1,501

Deposit and remittances 1,384,387 0 0 0 0 1,384,387 -5,424 1,378,962

Bonds payable 35,519 3,000 0 0 0 38,519 0 38,519

Short-term borrowings 0 980 0 3,959 0 4,939 0 4,939

Long-term borrowings 0 931 0 3,264 0 4,196 -900 3,296

Liabilities component of preferred stocks 0 0 0 0 18 18 0 18

Provisions 2,795 411 3 24 15 3,248 0 3,248

Other financial liabilities 18,276 18,575 0 0 0 36,851 -393 36,458

Lease liabilities 1,567 752 63 445 19 2,847 -226 2,622

Deferred tax liabilities 941 132 4 572 11 1,659 0 1,659

Other liabilities 4,171 4,035 22 860 14 9,101 -49 9,052

Total liabilities 1,565,650 93,093 122 13,690 22,294 1,694,848 -13,101 1,681,747

Share capital 86,061 16,212 1,420 4,681 115,211 223,585 -110,874 112,711

Capital surplus 12,148 477 1 1 2,231 14,857 -12,629 2,229

Retained earnings 32,201 10,236 121 -151 30,123 72,530 -43,049 29,481

Other equity 1,425 126 -38 -97 1,214 2,629 -1,244 1,385

Total equity attributable to owners parent 131,835 27,050 1,503 4,435 148,779 313,602 -167,796 145,805

Non-controlling interests 0 0 0 0 3 3 0 3

TOTAL 1,697,484 120,143 1,626 18,125 171,076 2,008,453 -180,898 1,827,556

Balance Sheet of SPH and its subsidiaries for the 9 months ended Sep. 30, 2019

Appendix 3/12

NT$ Mn

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) 9M18 9M19 YoY(%)

Interest revenue 28,202 29,549 7,570 7,803 7,954 8,435 8,800 4.33 16.24 21,746 25,189 15.83

Interest expense 12,099 13,750 3,510 3,843 4,096 4,580 4,682 2.24 33.39 9,907 13,358 34.83

Net interest Income 16,103 15,799 4,060 3,960 3,859 3,855 4,117 6.80 1.42 11,839 11,831 -0.07

Net revenues other than interest　 Commissions and fee revenues, net 9,514 9,946 2,560 1,927 3,068 2,516 2,888 14.78 12.81 8,019 8,472 5.65

　 Gains from financial assets and liabilities

　 at fair value through P/L5,771 3,091 1,025 630 2,373 1,870 1,202 -35.75 17.23 2,461 5,445 121.21

　 Gain (loss) on investment property 0 20 0 20 0 36 0 -100.00 - 0 36 -

Realized gain (loss) on financial assets at fair

value through other comprehensive income0 280 204 0 24 107 279 161.25 36.56 280 410 46.60

Realized gains from available-for-sale

financial assets531 0 0 0 0 0 0 - - 0 0 -

Gains on unquoted equity instruments 125 0 0 0 0 0 0 - - 0 0 -

Share of profit (loss) of associates and joint

ventures accounted for using equity method34 96 9 44 15 14 4 -72.90 -58.76 52 32 -38.72

Foreign exchange gains, net 853 1,853 335 327 304 409 122 -70.24 -63.69 1,525 835 -45.29

(Impairment losses) reversal gains on assets -380 -18 57 -64 27 79 -5 -106.23 -108.59 47 102 118.53

Rental revenue 142 190 39 83 37 37 37 0.96 -3.04 107 112 4.91

Other revenues, net -187 855 601 96 78 77 424 449.50 -29.43 759 579 -23.66

Total net revenues 32,506 32,113 8,890 7,025 9,785 9,000 9,068 0.75 2.00 25,088 27,853 11.02

Bad debt expenses and guarantee liability

provisions2,436 1,507 238 523 191 567 373 -34.18 56.89 984 1,131 14.93

Operating expenses 19,520 19,353 4,951 4,703 5,244 5,170 5,285 2.21 6.73 14,651 15,699 7.16

Employee benefits expense 12,233 12,175 3,197 2,729 3,465 3,299 3,327 0.87 4.07 9,446 10,091 6.83

Depreciation and amortization 1,063 967 243 246 452 461 447 -3.11 84.03 722 1,359 88.28

Others 6,224 6,211 1,512 1,728 1,327 1,411 1,511 7.09 -0.05 4,483 4,249 -5.21

Bad debts and guarantee liability

provisions & Operating expenses21,956 20,860 5,189 5,226 5,434 5,737 5,658 -1.39 9.03 15,634 16,830 7.65

Income (loss) before income tax 10,550 11,253 3,701 1,799 4,351 3,263 3,410 4.51 -7.85 9,454 11,024 16.60

Income tax (benefit) expense 1,465 1,825 539 292 596 465 418 -10.08 -22.42 1,533 1,479 -3.53

Profit (loss) 9,084 9,428 3,162 1,507 3,755 2,798 2,992 6.94 -5.37 7,921 9,545 20.50

Yearly Results Quarterly Results YTD Results

SPH's P&L (Consolidated)

Appendix 4/12

NT$Mn BSP SPS Trust Leasing Others Sum Adj. Items SPH(Consoliated) (Consolidated) (Consolidated) (Consolidated)

Interest revenue 23,459 1,191 6 643 21 25,319 -130 25,189

Interest expense 12,419 715 1 248 111 13,493 -136 13,358

Net interest Income 11,039 476 5 395 -90 11,825 6 11,831

Net revenues other than interest

　 Commissions and fee revenues, net 5,095 3,223 164 0 0 8,482 -9 8,472

　 Gains from financial assets and liabilities at fair value

through P/L3,519 1,621 4 4 296 5,445 0 5,445

　 Gain (loss) on investment property 36 0 0 0 0 36 0 36

Realized gain (loss) on financial assets at fair value

through other comprehensive income146 255 0 0 9 410 0 410

Share of profit (loss) of associates and joint ventures

accounted for using equity method0 0 29 0 9,726 9,755 -9,723 32

Foreign exchange gains, net 813 32 0 -21 10 835 0 835

(Impairment losses) reversal gains on assets 104 -3 0 1 0 102 0 102

Rental revenue 91 15 0 171 0 277 -165 112

Other revenues, net 368 286 -18 -27 51 660 -81 579

Total net revenues 21,212 5,904 184 523 10,003 37,826 -9,972 27,853

Bad debt expenses and guarantee liability provisions 1,127 -55 0 58 0 1,131 0 1,131

Operating expenses 10,709 4,454 177 316 293 15,950 -251 15,699

Employee benefits expense 6,560 3,071 115 153 191 10,091 0 10,091

Depreciation and amortization 953 430 14 104 23 1,524 -165 1,359

Others 3,196 953 49 58 79 4,335 -86 4,249

Bad debts and guarantee liability provisions &

Operating expenses11,837 4,399 177 374 293 17,080 -251 16,830

Income (loss) before income tax 9,375 1,505 7 149 9,710 20,745 -9,722 11,024

Income tax (benefit) expense 1,447 108 (5) 46 -117 1,479 0 1,479

Profit (loss) 7,928 1,397 12 103 9,827 19,267 -9,722 9,545

Attributable to

Profit(loss), attributable to owners of parent 7,928 1,396 12 103 9,827 19,266 -9,721 9,545

Profit(loss), attributable to non-controline interests 0 0 0 0 (0) (0) 0 (0)

P&L of SPH and its subsidiaries for the 9 months ended Sep. 30, 2019

Appendix 5/12

NT$Mn

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) YTD(%)

AssetsCash and cash equivalents 24,285 18,169 17,826 18,169 19,700 20,432 22,095 8.14 23.95 21.61

Due from the central bank and call loans to banks 95,213 91,889 85,361 91,889 112,193 116,351 89,822 -22.80 5.23 -2.25

Financial assets at fair value through profit or loss 70,615 49,834 51,792 49,834 52,619 59,478 54,951 -7.61 6.10 10.27

Financial assets at fair value through other comprehensive

income0 205,643 215,425 205,643 214,641 216,296 223,273 3.23 3.64 8.57

Debt instrument investments measured at amortized cost 0 93,541 83,155 93,541 101,406 113,134 130,145 15.04 56.51 39.13

Securities purchased under agreements to resell 23,553 22,710 29,044 22,710 16,646 16,778 34,402 105.04 18.45 51.48

Receivables, net 43,555 48,087 44,913 48,087 43,217 47,641 62,148 30.45 38.37 29.24

Current tax assets 1,411 1,399 1,404 1,399 1,349 1,376 1,406 2.22 0.14 0.54

Discounts and loans, net 865,990 919,303 901,642 919,303 981,182 1,015,948 1,045,410 2.90 15.95 13.72

Available-for-sale financial assets 227,095 0 0 0 0 0 0 - - -

Held-to-maturity investments 56,608 0 0 0 0 0 0 - - -

Investments accounted for using equity method,net 0 0 0 0 0 0 0 NA -274.39 NA

Other financial assets, net 7,253 17,455 15,095 17,455 13,914 15,032 12,202 -18.82 -19.16 -30.09

Investment property, net 1,207 1,242 1,218 1,242 1,240 1,132 1,115 -1.52 -8.45 -10.23

Property, plant and equipment, net 8,977 9,211 9,246 9,211 9,235 9,294 9,375 0.88 1.40 1.78

Intangible assets, net 1,326 1,324 1,315 1,324 1,636 1,818 1,583 -12.97 20.36 19.56

Right-of use assets 0 0 0 0 1,361 1,388 1,413 1.83 - -

Deferred tax assets 1,741 1,482 1,558 1,482 1,421 1,394 1,481 6.28 -4.91 -0.08

Other assets, net 4,378 4,032 4,347 4,032 3,139 2,832 6,663 135.27 53.26 65.26

Total 1,433,208 1,485,321 1,463,341 1,485,321 1,574,899 1,640,324 1,697,484 3.48 16.00 14.28

Liabilities and Equity

LiabilitiesDeposits from the central bank and banks 29,621 37,965 53,617 37,965 39,888 51,638 52,560 1.78 -1.97 38.44

Financial liabilities at fair value through profit or loss 20,313 19,767 21,641 19,767 16,118 16,565 23,023 38.99 6.39 16.47

Securities sold under agreement to repurchase 26,179 25,504 23,075 25,504 21,332 14,961 10,653 -28.79 -53.83 -58.23

Payable 16,576 17,694 19,453 17,694 17,878 20,613 30,767 49.26 58.16 73.88

Current tax liabilities 552 491 453 491 831 790 990 25.31 118.31 101.44

Deposit and remittance 1,154,487 1,195,974 1,162,521 1,195,974 1,282,708 1,344,195 1,384,387 2.99 19.08 15.75

bank debentures 39,570 32,722 35,922 32,722 36,221 37,221 35,519 -4.57 -1.12 8.55

Other financial liabilities 12,256 19,212 12,905 19,212 18,946 16,003 18,276 14.21 41.63 -4.87

Provisions 2,711 2,975 2,822 2,975 2,805 2,800 2,795 -0.17 -0.97 -6.05

Lease liabilities 0 0 1,612 1,801 1,567 -12.96 - -

Deferred tax liabilities 747 873 850 873 962 960 941 -1.96 10.71 7.72

Other liabilities 5,193 3,060 2,818 3,060 2,527 3,248 4,171 28.42 48.02 36.28

Total liabilities 1,308,206 1,356,239 1,336,076 1,356,239 1,441,829 1,510,794 1,565,650 3.63 17.18 15.44Capital stock 86,061 86,061 86,061 86,061 86,061 86,061 86,061 0.00 0.00 0.00

Capital surplus 12,148 12,148 12,148 12,148 12,148 12,148 12,148 0.00 0.00 0.00

Retained earnings 26,959 30,904 28,977 30,904 34,023 29,924 32,201 7.61 11.13 4.20

Other equity -166 -31 79 -31 839 1,397 1,425 2.00 1692.67 NA

Total equity 125,002 129,082 127,265 129,082 133,071 129,530 131,835 1.78 3.59 2.13

TOTAL 1,433,208 1,485,321 1,463,341 1,485,321 1,574,899 1,640,324 1,697,484 3.48 16.00 14.28

Quarterly ResultsYearly Results

BSP's Balance Sheet (Consolidated)

Appendix 6/12

NT$ Mn

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) 9M18 9M19 YoY(%)

Interest revenue 25,310 27,223 6,973 7,292 7,426 7,824 8,209 4.92 17.73 19,931 23,459 17.70

Interest expense 10,523 12,397 3,191 3,550 3,805 4,243 4,372 3.05 37.00 8,846 12,419 40.39

Net interest Income 14,787 14,827 3,781 3,742 3,621 3,581 3,837 7.13 1.46 11,084 11,039 -0.41

Net revenues other than interest　Commissions and fee revenues, net 5,021 5,183 1,403 897 2,066 1,391 1,638 17.79 16.74 4,286 5,095 18.87

　Gains on financial assets and liabilities

　 at fair value through P/L2,713 2,628 918 786 1,480 1,327 712 -46.32 -22.42 1,843 3,519 91.00

　Gain (loss) on investment property 0 20 0 20 0 36 0 -100.00 - 0 36 -

Realized gain (loss) on financial assets at fair value

through other comprehensive income0 66 0 0 23 84 39 -53.04 52,578.98 66 146 121.92

Realized gains on available-for-sale financial assets 8 0 0 0 0 0 0 - - 0 0 -

Realized gains on unquoted equity instrument 87 0 0 0 0 0 0 - - 0 0 -

Share of profit (loss) of associates and joint

ventures accounted for using equity method-3 0 0 0 0 0 0 - - 0 0 -

Foreign exchange gains, net 1,218 1,662 343 330 285 390 138 -64.48 -59.70 1,332 813 -38.99

(Impairment losses) reversal gains on assets -62 41 53 0 32 78 -5 -106.65 -109.69 41 104 152.48

Rental revenue 114 164 29 77 32 30 29 -3.39 0.48 88 91 4.45

Other revenues, net -528 590 547 6 14 14 340 2,401.77 -37.78 584 368 -37.06

Total net revenues 23,355 25,180 7,075 5,857 7,553 6,930 6,729 -2.90 -4.90 19,324 21,212 9.77

(Reversal of)Allowance for doubtful accounts and

guarantees1,024 760 185 506 247 513 368 -28.19 99.31 254 1,127 344.32

Operating expenses 13,268 13,125 3,436 3,139 3,604 3,503 3,602 2.83 4.84 9,986 10,709 7.24

Employee benefits expense 7,824 7,845 2,132 1,672 2,259 2,156 2,145 -0.49 0.62 6,173 6,560 6.26

Depreciation and amortization 680 606 153 151 317 324 312 -3.76 103.97 454 953 109.82

Others 4,764 4,675 1,151 1,316 1,029 1,023 1,145 11.91 -0.53 3,359 3,196 -4.83

(Reversal of)Allowance for doubtful accounts

and guarantees & Operating expenses14,292 13,885 3,621 3,645 3,851 4,016 3,970 -1.13 9.66 10,240 11,837 15.59

Income (loss) before income tax 9,063 11,295 3,455 2,212 3,702 2,914 2,759 -5.33 -20.15 9,084 9,375 3.20

Income tax (benefit) expense 1,167 1,621 495 275 583 382 482 25.95 -2.69 1,346 1,447 7.47

Profit (loss) 7,896 9,674 2,960 1,936 3,120 2,532 2,277 -10.05 -23.07 7,738 7,928 2.46

Yearly Results Quarterly Results YTD Results

BSP's P&L (Consolidated)

Appendix 7/12

Note: SPS’s numbers are based on accounting rules of securities firms.

4Q17 4Q18

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) YTD(%)

Assets:

Current assets 142,118 101,835 125,856 101,835 113,800 116,018 111,110 -4.23 -11.72 9.11

Cash and cash equivalents 5,060 8,722 5,258 8,722 6,001 9,676 5,742 -40.66 9.22 -34.16

Financial assets at fair value through profit or loss 61,449 33,222 41,281 33,222 32,518 28,076 29,228 4.10 -29.20 -12.02

Securities purchased under agreements to resell 3,217 3,458 5,190 3,458 4,442 6,374 7,039 10.44 35.63 103.54

Margin loans receivable 22,621 14,821 19,124 14,821 14,438 13,127 14,123 7.58 -26.15 -4.71

Other current assets 49,772 41,612 55,004 41,612 56,401 58,765 54,978 -6.44 -0.05 32.12

Non-current assets 6,085 8,960 9,152 8,960 9,768 10,282 9,034 -12.14 -1.29 0.82

Financial assets at cost 559 670 761 670 701 666 618 -7.22 -18.80 -7.77

Properties and equipments, net 2,320 2,340 2,329 2,340 3,186 3,139 3,050 -2.83 30.96 30.36

Intangible & other assets 3,206 5,950 6,061 5,950 5,880 6,476 5,365 -17.16 -11.49 -9.82

Total assets 148,204 110,795 135,008 110,795 123,568 126,300 120,143 -4.87 -11.01 8.44

Liabilities and stockholders' equity

Liabilities

Current liabilities 116,357 80,102 105,249 80,102 92,025 94,589 88,106 -6.85 -16.29 9.99

Liabilities for bonds with attached repurchase agreements 39,878 25,237 29,664 25,237 32,394 32,919 30,744 -6.60 3.64 21.82

Futures traders' equity 17,150 16,260 18,393 16,260 19,924 19,683 18,327 -6.89 -0.36 12.71

Notes payable and accounts payable 18,977 14,962 26,110 14,962 18,998 19,191 18,761 -2.24 -28.15 25.39

Other current liabilities 40,352 23,643 31,081 23,643 20,709 22,796 20,274 -11.06 -34.77 -14.25

Non-current liabilities 6,047 4,818 3,495 4,818 5,063 5,025 4,987 -0.76 42.69 3.50

Total liabilities 122,404 84,920 108,743 84,920 97,088 99,614 93,093 -6.55 -14.39 9.62

Capital stock 16,212 16,212 16,212 16,212 16,212 16,212 16,212 0.00 0.00 0.00

Capital surplus 477 477 477 477 477 477 477 0.00 0.00 0.00

Retained earnings 9,471 9,395 9,535 9,395 9,689 9,646 10,236 6.11 7.35 8.95

Other items of equity -360 -209 41 -209 101 351 126 -64.17 205.71 160.12

Total equity 25,800 25,875 26,265 25,875 26,479 26,686 27,050 1.37 2.99 4.54

TOTAL 148,204 110,795 135,008 110,795 123,568 126,300 120,143 -4.87 -11.01 8.44

Quarterly Results

SPS's Balance Sheet (Consolidated)

YTD ResultsYearly Results

Appendix 8/12

Note: SPS’s numbers are based on accounting rules of securities firms.

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) 9M18 9M19 YoY(%)

Net interest income 1,600 1,228 287 211 176 202 208 2.76 -27.52 1,017 586 -42.43

Net fee income 4,450 4,782 1,156 1,029 1,001 1,151 1,289 11.92 11.51 3,753 3,441 -8.30

Gains (Losses) on sales of securities, net 1,600 -601 -528 -491 213 417 399 -4.43 175.49 -110 1,029 1033.79

Dividend income 341 375 326 6 5 17 254 1421.28 -21.91 368 276 -25.02

Gains (Losses) on w arrant issued, net 32 182 14 11 69 18 7 -60.32 -48.27 171 94 -44.62

Gains (Losses) from futures transactions -523 153 -105 282 -198 -29 24 181.48 122.48 -129 -204 -57.55

Gains (Losses) from options transactions -5 8 -1 0 -3 -5 -1 76.56 -30.92 8 -9 -215.89

Gains (Losses) from derivative instruments

transactions-416 295 343 58 -155 -111 -73 34.52 -121.19 237 -339 -242.85

Gains (Losses) from SBL transactions -51 71 0 3 3 -3 24 880.81 4983.17 68 23 -65.84

Gains (Losses) from valuation of operating

securities1,067 -943 38 11 490 12 -175 -1598.63 -555.64 -953 327 134.35

Other operating income -315 530 98 113 74 101 58 -42.58 -41.07 417 233 -44.24

Non-operating income-net 376 389 151 67 138 149 157 5.45 3.98 322 444 37.83

Total net revenues 8,157 6,468 1,778 1,299 1,812 1,919 2,171 13.12 22.09 5,169 5,902 14.17

Operating expenses 5,595 5,556 1,354 1,345 1,466 1,491 1,496 0.30 10.49 4,211 4,453 5.75

loss on uncollectible accounts 1,311 239 2 17 -18 -38 1 103.04 -32.69 222 -55 -124.80

Pre-tax income (loss) 1,251 673 423 -63 364 466 674 44.58 59.45 736 1,504 104.39

Income tax benefit (expense) -122 -206 -67 -47 33 -56 -86 -53.73 -27.64 -158 -108 31.77

Net income (Loss) 1,129 467 356 -110 397 410 588 43.34 65.45 577 1,396 141.72

YTD ResultsQuarterly ResultsYearly Results

SPS's P&L (Consolidated)

Appendix 9/12

Note: Loans portfolio includes non-accrual loans.

NT$Mn

Items 2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) YTD(%)Corporate loans

　Manufacturing 198,043 219,178 219,109 219,178 232,104 243,488 246,853 1.38 12.66 12.63　　Electronics Indusrty 68,034 75,213 80,809 75,213 80,664 83,555 84,041 0.58 4.00 11.74　　Chemical products 57,555 62,946 63,209 62,946 51,649 57,476 56,978 -0.87 -9.86 -9.48　　Conventional industry 66,896 75,426 69,458 75,426 94,326 97,992 99,575 1.62 43.36 32.02　　Electric fixture 5,558 5,593 5,634 5,593 5,465 4,465 6,259 40.18 11.10 11.91　FI & security house & insurance 34,012 37,967 37,638 37,967 48,836 45,704 52,001 13.78 38.16 36.97　Installment & leasing 11,101 11,089 9,070 11,089 11,968 11,851 4,284 -63.85 -52.76 -61.37　Construction & real estate 45,291 48,433 43,548 48,433 50,311 56,734 61,503 8.41 41.23 26.98　Wholesales/retail 71,799 81,543 80,870 81,543 84,671 83,693 83,139 -0.66 2.81 1.96 Service industry 42,541 48,595 48,696 48,595 53,440 55,862 59,515 6.54 22.22 22.47　State-owned company 16,906 16,015 15,958 16,015 27,732 18,903 12,969 -31.39 -18.73 -19.02　Others 10,359 18,489 14,903 18,489 21,751 27,075 29,875 10.34 100.46 61.58Factoring 9,841 12,786 9,467 12,786 8,468 8,188 7,910 -3.39 -16.44 -38.13

Sub total 439,893 494,096 479,259 494,096 539,280 551,498 558,049 1.19 16.44 12.94

Individual loans

　Mortgage loans 415,562 418,276 409,025 418,276 430,209 451,050 475,441 5.41 16.24 13.67 Car loans 6,303 6,324 6,244 6,324 6,391 6,561 6,897 5.12 10.44 9.05

Sub total 421,865 424,600 415,270 424,600 436,600 457,611 482,338 5.40 16.15 13.60

Consumer loans

Unsecured loans and others 20,602 21,990 21,766 21,990 21,770 23,470 22,468 -4.27 3.23 2.17 Credit card 6,862 7,137 7,357 7,137 7,093 7,940 7,891 -0.62 7.26 10.56

Sub total 27,463 29,127 29,123 29,127 28,863 31,410 30,359 -3.35 4.25 4.23

Total 889,220 947,823 923,651 947,823 1,004,743 1,040,519 1,070,746 2.90 15.93 12.97

Quarterly ResultsYearly Results

BSP's Loan Breakdown (Consolidated)

Appendix 10/12

Note: Loans portfolio includes non-accrual loans and is on a consolidated basis.

NT$Mn

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) 9M18 9M19 YoY(%)

NPL

90-days NPLs - beginning 3,140 2,596 2,471 2,464 2,275 2,278 2,348 3.07 -5.00 2,596 2,275 -12.38

New NPL influx 2,346 2,265 588 433 503 781 676 -13.48 14.91 1,832 1,960 7.01

NPL recovery 1,651 1,750 395 355 259 512 498 -2.58 26.05 1,395 1,269 -9.00

Write-offs 1,239 837 200 267 241 200 290 45.05 44.84 569 731 28.29

90-days NPLs - ending 2,596 2,275 2,464 2,275 2,278 2,348 2,235 -4.79 -9.28 2,464 2,235 -9.28Total reserves for loans 12,513 13,031 12,700 13,031 13,442 13,800 14,070 1.96 10.79 12,700 14,070 10.79

Provisions for loan loss 1,361 1,231 322 507 647 541 576 6.43 79.15 724 1,765 143.86

Recovery - Loan 497 358 82 85 153 70 138 96.59 69.37 274 361 32.12

NPL ratio 0.30% 0.25% 0.27% 0.25% 0.23% 0.23% 0.21% -0.02% -0.06% 0.27% 0.21% -0.06%

Coverage ratio 481.95% 572.82% 515.44% 572.82% 590.16% 587.86% 629.49% 41.63% 114.05% 515.44% 629.49% 114.05%

BSP's Loan Asset Quality

YTD ResultsYearly Results Quarterly Results

Appendix 11/12

NT$Mn YTD Results

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) 9M18 9M19 YoY(%)

Wealth management 3,307 3,497 964 521 1,450 910 1,154 26.86 19.70 2,976 3,514 18.05

Mutual funds 1,401 1,233 264 197 450 327 425 29.77 60.70 1,035 1,202 16.09

Trust & custodian bank 202 234 60 58 61 74 81 9.71 35.04 176 216 22.64

Life insurance 1,632 1,955 612 253 927 492 624 26.92 2.06 1,702 2,043 20.03

Property insurance 72 75 28 13 12 16 24 44.30 -15.28 62 52 -16.49

Loan fees 648 682 204 119 387 253 229 -9.57 12.21 563 869 54.19

Corporate loans 506 546 169 84 356 217 187 -14.10 10.12 461 760 64.68

Individual & consumer loans 63 59 15 12 14 20 25 25.00 63.63 47 59 26.90

Factoring & A/R financing 80 78 19 23 18 15 17 9.22 -11.22 55 50 -10.25

Credit card 665 628 127 182 137 126 142 12.38 11.76 447 404 -9.44

Others 400 375 109 76 92 102 114 11.45 4.82 299 308 2.85

Import & export service 275 269 73 63 72 74 78 5.31 7.00 207 225 9.02

Guarantees & acceptances 75 79 17 19 20 20 23 13.18 31.72 60 62 3.81

Others 51 27 18 -6 0 8 13 66.19 -29.31 33 21 -37.61

Total fee income 5,021 5,183 1,403 897 2,066 1,391 1,638 17.79 16.74 4,286 5,095 18.87

Quarterly ResultsYearly Results

BSP's Fee Breakdown (Consolidated)

Appendix 12/12

NT$Mn

2017 2018 3Q18 4Q18 1Q19 2Q19 3Q19 QoQ(%) YoY(%) 9M18 9M19 YoY(%)

Credit card business

Cards in force(thousand) 1,785 1,826 1,788 1,826 1,880 1,928 2,070 7.3% 15.7% 1,788 2,070 15.7%

Active cards(thousand) 1,030 1,016 1,003 1,016 1,038 1,064 1,115 4.7% 11.1% 1,003 1,115 11.1%

Account receivables 14,905 15,079 15,353 15,079 15,092 17,559 18,028 2.7% 17.4% 15,353 18,028 17.4%

Revolving balance 4,672 4,484 4,504 4,484 4,441 4,379 4,432 1.2% -1.6% 4,504 4,432 -1.6%

Total consumption 80,931 83,569 21,306 20,498 22,509 24,212 25,605 5.8% 20.2% 63,072 72,327 14.7%

Avg spending per card(NT$) 76,813 82,645 21,222 20,197 21,757 22,997 23,251 1.1% 9.6% 62,450 68,047 9.0%

Asset quality

NPL ratio(90-day past due) 0.23% 0.16% 0.27% 0.16% 0.28% 0.24% 0.22% -0.02% -0.05% 0.27% 0.22% -0.05%

Coverage ratio 646.14% 914.05% 504.99% 914.05% 516.45% 510.37% 501.31% -9.06% -3.68% 504.99% 501.31% -3.68%

Write-offs 210 179 45 62 18 38 40 6.0% -10.7% 117 95 -18.6%

Net charge off ratio -0.27% -0.38% -0.52% -0.38% -0.99% -0.73% -0.58% 0.15% -0.06% -0.518% -0.58% -0.06%

BSP's Credit Card Business

Yearly Results Quarterly Results YTD Results