| Summary: | 碩士 === 義守大學 === 資訊管理學系碩士班 === 94 === In June of 1991, there were 16 new banks were approved to be established. Since then, the banking industry has changed at a rapid pace. The financial reforms and the liberalization of banking industry are also going through big change. As a result, the competitiveness of the entire banking industry has strengthen and the quality of financial service is also improved in Taiwan. In July of 2001, the law of financial holding company was passed. By the end of 2005, there were 14 financial holding companies were established and listed in the stock market of Taiwan. The focus of the first financial reform of 2002 was to eliminate the bad banking practice. The reform had tremendous achievement such as the nonperforming loan（NPL）ratio was down from 8.34％ in 2000 to 2.46％ in March, 2006 and the capital adequacy ratio（CAR）has exceeded 10.27％ in 2005. The first financial reform has achieved the goal of “258”. In October 20th, 2004, the Taiwanese government launched the second financial reform. The goal of the second financial reform is to cut the size of the financial holding company by half by the end of 2006.
In this study, the Mega Holding（MH）is used as a case study. Seven important performance indexes are used to compare the operating performance of the MH to the other 13 financial holding companies. These performance indexes are: 1. asset market share（AMS）exceeds 10％; 2. return on equity（ROE）is between 15％ and 20％; 3. return on asset（ROA）exceeds 1％; 4. CAR exceeds 10％; 5. NPL ratio is less than 2.5％; 6.NPL coverage ratio exceeds 60％; and 7. cost ratio is less than 40％.
The result of this study shows that only the Development Financial Holding（DFH）among the 14 financial holding companies which reaches four indexes at most; reach 3 indexes which include MH, Cathay Financial Holding（Cat.FH）, Chinatrust Financial Holding（Chi.FH）and First Financial Holding（FFH）. In ROE, the Cat.FH is the best, follow by Chi.FH, MH, DFH and FFH; In ROA, the Chi.FH is the best, follow by MH, Cat.FH, FFH and DFH; In NPL ratio, the Chi.FH is the best, follow by DFH, Cat.FH, MH and FFH; In NPL coverage ratio, the DFH is the best, follow by Cat.FH, Chi.FH, MH and FFH.
There are two subsidiary banks under the MH: Chiaotung Bank（CB）and International Commercial Bank of China（ICBC）. After merger into the MH, the two indexes of the NPL coverage ratio and the cost ratio of the CB is better than before the merger. Six indexes of the ICBC that include AMS, ROE, ROA, NPL ratio, NPL coverage ratio and cost ratio is better than before the merger. This result shows that the synergy of the merger between ICBC and MH is tremendous.
Eight financial holdings are based on the bank, the ROE and ROA of the MH rank second among these eight financial holdings between 2002 and 2005. But the growth rate of these two indexes of the MH is not significant during this period. The NPL ratio has decreased during this period, but it is still higher than Chi.FH, Taishin Holding, SinoPac Holding, E.SUN Financial Holding and FFH. The ROE of the subsidiary bank under the eight financial holdings, the Chinatrust Bank is the best, follow by ICBC; In ROA, the Chinatrust Bank is the best, follow by CB and ICBC.
|
|---|
