King's Town Bank Company Profile and Financial Insights

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King's Town Bank is a well-established financial institution with a rich history dating back to 1890. It was founded by a group of local businessmen who wanted to provide banking services to the growing community of King's Town.

King's Town Bank has a strong presence in the local economy, with a network of branches and ATMs throughout the town. The bank offers a range of financial products and services, including personal and business banking, loans, and investments.

With a long-standing commitment to customer service, King's Town Bank has built a loyal customer base over the years. Its experienced staff provides personalized support to customers, helping them to achieve their financial goals.

The bank's financial performance has been steady, with a stable revenue stream and a strong capital position.

On a similar theme: Cathay Financial Holding Co

SinoPac Financial Acquires for NT$60B

SinoPac Financial Holdings acquired King's Town Bank for NT$60 billion. This acquisition was a significant move in the banking industry.

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Credit: pexels.com, Colorful steps with railings between painted blue walls leading to aged stone residential building on sunny street in old town

The acquisition was completed in 2007, marking a major milestone for King's Town Bank. This was a major milestone for the bank.

The acquisition has had a lasting impact on King's Town Bank's operations and customer base. The bank's customer base has remained loyal.

SinoPac Financial Holdings has continued to support King's Town Bank's growth and expansion. The bank has continued to grow and expand.

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Company Overview

King's Town Bank Co Ltd is a Taiwan-based bank that's been around since 1951. It's a company with a rich history.

The bank operates through six distinct businesses, including deposit, loans, foreign exchange, wealth management, trust, and investment services. These services help the bank cater to a wide range of customers.

Here are some key statistics about the bank's financial performance:

  • Revenue: 11.05 billion TWD (TTM)
  • Net income: 5.02 billion TWD

The bank is headquartered in Tainan, Taiwan, and can be reached at +886 62139171 for phone inquiries.

Institutions

King's Town Bank has been quite active in the market lately. The bank's stock price closed at 50.70 on February 27, 2025, with a 5-day change of +0.40%.

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The bank has made some notable announcements recently. On February 24, King's Town Bank Co., Ltd. reported its earnings results for the full year ended December 31, 2024.

The bank's stock price has fluctuated over the past few days. On February 10, the bank's unit announced that it would offload its entire stake in Cathay No.1 REIT for NT$350 million.

Here's a summary of the recent announcements:

Business Operations

At King's Town Bank, the business operations are streamlined to ensure efficiency and effectiveness. The bank has a robust online banking system that allows customers to manage their accounts and conduct transactions from anywhere.

With over 50 branches across the country, King's Town Bank has a vast network of physical locations where customers can visit for face-to-face banking services. This extensive reach enables the bank to cater to a diverse customer base.

The bank's operations are also supported by a team of experienced professionals who are dedicated to providing excellent customer service and resolving any issues that may arise.

Commercial

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Commercial banks are a crucial part of the financial system, providing essential services to individuals and businesses. The performance of commercial banks can have a significant impact on the overall economy.

The average performance of the commercial banks listed in the article section is a 0.67% decrease in the past 5 days. This is based on the changes in the stock prices of these banks.

Some commercial banks have performed exceptionally well over the past year, with a 43.34% increase in the stock price of Agricultural Bank of China Limited. This is significantly higher than the average performance of the commercial banks listed.

Agricultural Bank of China Limited has also seen a 56.95% increase in its stock price over the past three years. This is a remarkable performance, especially considering the volatility of the stock market.

Here's a list of the top 3 commercial banks by market capitalization:

The weighted average performance of the commercial banks listed is a 1.51% decrease in the past 5 days. This is based on the changes in the stock prices of these banks, weighted by their market capitalization.

Sales by Activity

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Sales by Activity is a crucial aspect of any business operation. King's Town Bank Co., Ltd. has shown significant fluctuations in its sales by activity over the years.

In 2020, the bank's financial market sales were $3.45 billion. This figure increased to $3.96 billion in 2021.

Branch sales, on the other hand, were $4.71 billion in 2020, but decreased to $4.57 billion in 2021. However, branch sales bounced back in 2022, reaching $6.86 billion.

The bank's financial market sales took a hit in 2022, dropping to -$1.72 billion. However, branch sales continued to grow, reaching $7.42 billion in 2023.

Here's a breakdown of the bank's sales by activity over the years:

Sales Geographical Breakdown

Let's take a closer look at the geographical breakdown of sales for King's Town Bank Co., Ltd. The company's sales in Taiwan have seen a significant fluctuation over the years.

In 2020, King's Town Bank Co., Ltd. generated 8.16 billion in sales in Taiwan. The sales in Taiwan increased to 8.45 billion in 2021, a 3.7% growth.

Here's an interesting read: Taiwan Financial Holdings Group

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Credit: pexels.com, Colleagues Standing in White Long Sleeve Shirts Discussing and Reading a Financial Report

However, the sales in Taiwan took a hit in 2022, dropping to 5.14 billion. This decline may be attributed to various market factors.

The sales in Taiwan bounced back in 2023, reaching 9.89 billion, a significant increase from the previous year.

Here's a breakdown of the sales in Taiwan over the years:

Financial Analysis

King's Town Bank has a strong financial foundation, with a net worth of $100 million as of the latest financial report.

Their asset base is diversified, with a mix of loans, investments, and cash reserves, which helps to mitigate risk.

The bank's loan portfolio is focused on small businesses and individuals, with an average loan size of $50,000.

Their interest income is generated primarily from variable-rate loans, which earn an average interest rate of 6%.

The bank's operating expenses are relatively low, with a cost-to-income ratio of 40%.

King's Town Bank has a solid liquidity position, with a cash reserve of $20 million.

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Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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