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Fubon Financial Holding company logo
Holding Company
FINANCE | Retail Banking
fubon.com

Investments

8

Portfolio Exits

1

Partners & Customers

2

About Fubon Financial Holding

Fubon Financial Holding (2881.TW) is a financial investment holding company that consists of the following key subsidiaries: Fubon Asset Management, Fubon Insurance, Fubon Securities, Fubon Bank, Fubon Life, and Fubon Bank.

Headquarters Location

Taipei,

Taiwan

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Latest Fubon Financial Holding News

Merger of Taipei Fubon and Jih Sun Bank approved after parent takeover

Jan 18, 2023

Merger of Taipei Fubon and Jih Sun Bank approved after parent takeover ‘BETTER SERVICE’: The merger is to follow Fubon Financial’s takeover of Jih Sun Financial and make Taipei Fubon the country’s third-largest bank in terms of assets By Kao Shih-ching / Staff reporter Taipei Fubon Commercial Bank (台北富邦銀行) has obtained regulatory approval to merge with Jih Sun International Bank (日盛銀行), after parent Fubon Financial Holding Co (富邦金控) completed its acquisition of Jih Sun Financial Holding Co (日盛金控) in November last year. After the deal takes effect on April 1, Jih Sun International Bank would cease to exist and Fubon would become the nation’s third-largest bank in terms of assets, the Financial Supervisory Commission said on Tuesday. Taipei Fubon Bank’s assets would expand to NT$4.27 trillion (US$140.77 billion) from NT$3.99 trillion, behind Bank of Taiwan’s (臺灣銀行) NT$5.95 trillion and CTBC Bank Co’s (中信銀行) NT$4.57 trillion, the commission said. A person rides a scooter past a Taipei Fubon Bank branch in Taipei’s Neihu District on May 9, 2021. Photo: CNA Taipei Fubon and Jih Sun Bank said the merger would provide wider business deployment and allow for better customer services. They also expect it to help promote resource integration and increase market competitiveness. Taipei Fubon Bank would retain all employees and 44 branches of Jih Sun Bank, raising its total number of branches to 179, the largest among private banks and the fifth-largest among all banks, Banking Bureau Chief Secretary Hou Li-yang (侯立洋) said. It would also boost its market shares in the deposit and loan businesses in Taiwan, Hou said. Taipei Fubon Bank posted a record net profit of NT$22.64 billion last year, up 21 percent year-on-year, thanks to higher fee incomes and investment gains. However, Fubon Financial’s pre-tax profit of NT$60.6 billion last year fell short of market expectations, as its insurance arm was burdened by COVID-19-related claims, regulatory filings showed last week. Fubon Financial last week announced that it would recruit 6,500 people to meet increasing demand for the company and its subsidiaries’ services. The new openings range from overseas business development to information technology and security, data analytics, customer service and risk management, the company said. The company would also recruit 50 to 60 management associates, it said. The new hires are to start working in March, it added. Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

Fubon Financial Holding Investments

8 Investments

Fubon Financial Holding has made 8 investments. Their latest investment was in Hyundai Card as part of their Corporate Minority on May 5, 2022.

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Fubon Financial Holding Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/20/2022

Corporate Minority

Hyundai Card

Yes

4

3/8/2022

Series A

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$99M

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10

10/4/2021

Unattributed

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10

8/16/2021

Series A - II

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$99M

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10

8/10/2021

Series D

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$99M

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10

Date

5/20/2022

3/8/2022

10/4/2021

8/16/2021

8/10/2021

Round

Corporate Minority

Series A

Unattributed

Series A - II

Series D

Company

Hyundai Card

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Amount

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

4

10

10

10

10

Fubon Financial Holding Portfolio Exits

1 Portfolio Exit

Fubon Financial Holding has 1 portfolio exit. Their latest portfolio exit was Nutmeg on June 17, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/17/2021

Acquired

$99M

30

Date

6/17/2021

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

30

Fubon Financial Holding Acquisitions

1 Acquisition

Fubon Financial Holding acquired 1 company. Their latest acquisition was Jih Sun Financial Holding on November 11, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/11/2022

$99M

Acq - P2P

7

Date

11/11/2022

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - P2P

Sources

7

Fubon Financial Holding Partners & Customers

2 Partners and customers

Fubon Financial Holding has 2 strategic partners and customers. Fubon Financial Holding recently partnered with FTSE Russell on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/3/2021

Vendor

United Kingdom

Fubon Asset Management selects FTSE Vietnam 30 for major ETF listing.

FTSE Russell has a long-standing relationship with Fubon Asset Management , providing indexes for 11 ETFs which are tracked by USD2 .29 bn .

1

3/24/2021

Partner

Taiwan

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0

Date

6/3/2021

3/24/2021

Type

Vendor

Partner

Business Partner

Country

United Kingdom

Taiwan

News Snippet

Fubon Asset Management selects FTSE Vietnam 30 for major ETF listing.

FTSE Russell has a long-standing relationship with Fubon Asset Management , providing indexes for 11 ETFs which are tracked by USD2 .29 bn .

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Sources

1

0

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