First Financial: Announcement on behalf of subsidiary First Commercial Bank to be fined by FSC







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Provided by: First Financial Holding Co. Ltd.

SEQ_NO

3

announcement date

2022/07/26

Announcement time

18:42:24

Matter

 Announcement on behalf of subsidiary First
Commercial Bank to be fined by FSC

Date of events

2022/07/26

What item it responds to

paragraph 39

Statement

1.Date of occurrence of the event:2022/07/26
2.Circumstances of the violation:Fails to fully inform customers of investment
risks before insured. (1)Make solicitations to customers over the age of 70
before recording the process of sales. (2)Premium paid from different
customers at the same time with the same sales. (3)Customers' signatures are
missing on the column of 'Fully understand and accept the investment risks of
the product'.
3.Monetary amount of fines:NTD1.2 million
4.Status of the injunction by the respective competent authority: According to
 Article 167-3 of Insurance Act, First Commercial Bank is required to rectify
within one month and pay an administrative fine of NTD1.2 million.
5.Intended improvement measures:First Commercial Bank has adopted improvement
measures with respect to the subject matter and is continuing such
implementations.
6.Effect on the Company's business operations:none
7.Any other matters that need to be specified:none

Disclaimer

First Financial Holding Co. Ltd. published this content on July 26, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on July 26, 2022 10:48:02 AM UTC.

Public now 2022

All news about FIRST FINANCIAL HOLDING CO., LTD.

2022 sales 65,311M
2,178M
2,178M
Net income 2022 21,901M
730 million
730 million
Net debt 2022

PER 2022 ratio 15.2x
2022 return 4.23%
Capitalization 336B
11,199 million
11,199 million
capi. / Sales 2022 5.14x
capi. / Sales 2023 4.63x
# of employees 10,031
Floating 79.5%

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Medium consensus HOLD
Number of analysts seven
Last closing price TWD25.90
Average target price TWD27.29
Average Spread / Target 5.35%


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