The ultimate goal of the international community is to enhance the accessibility of financial products and services and to provide affordable financial products and services that meet the needs of the public on an ongoing basis. The Group develops new and innovative products and promotes appropriate services to meet the needs of different groups, utilizing the core business of the financial industry to promote inclusive economic development and the well-being of the public. In recent years, due to the liberalization of intraday odd-lot trading and the rise of digital financial platforms, young investors have become a key driver for the growth of the stock market, but because they have limited funds available for investment, the demand for small investments has risen. In addition, the demographic structure of Taiwan is gradually moving towards a super-aged society, which has led to an increasing demand for retirement financial planning. The Group has designed a dollar-cost averaging and dual-dividend payout mechanism, and in conjunction with the use of the digital investment platform, gives rise to the completion of customized investment portfolio using small investment amounts. By providing stable monthly dividend income, small investors and the elderly can easily participate in the investment market, thus realizing financial inclusion.
Year | 2021 | 2022 | Growth Rate (%) |
---|---|---|---|
Regular Shares Savings Plan (RSSP) Accounts | 76,869 | 109,930 | 43 |
Number of Scheduled Deductions | 159,116 | 279.299 | 76 |
Number of Scheduled Deductions(<NT$3,000) | 81,467 | 171,677 | 111 |
Number of Transactions below NT$3,000 as a Ratio of the Total Number of Transactions (%) | 51 | 61 | 20 |
Total Amount Invested Over the Year (NT$ billion) | 79.25 | 109.88 | 39 |
Year | 2021 | 2022 | Growth Rate (%) |
---|---|---|---|
Regular Shares Savings Plan (RSSP) Accounts | 349,796 | 839,383 | 140 |
Number of Scheduled Deductions | 7,229,288 | 8,181,138 | 13 |
Number of Scheduled Deductions(<NT$3,000) | 3,216,345 | 5,923,496 | 84 |
Number of Transactions below NT$3,000 as a Ratio of the Total Number of Transactions(%) | 44 | 72 | 65 |
Total Amount Invested Over the Year (NT$ billion) | 349.67 | 303.17 | -13 |
The Group implements the core concept of financial inclusion and observes issues derived from social trends. According to the observation, diversified products designed for underprivileged and low-income groups are developed, so that the customers can choose the most suitable plan at the moment for themselves. In this way, the Group is able to make impacts to solve social change issues from the standpoint of the financial industry.
The financially inclusive insurance products offered by Yuanta Bank and Yuanta Life are mainly long-term care insurance, low-cost elderly insurance, and microinsurance. These products provide the public with affordable coverage to plan for their personal risks.
Unit:NT$ thousandInsurance Intended Customer Product | Number of Policies | Total Premiums | Intended Customer |
---|---|---|---|
Long-Term Care | 798 | 10,380 |
|
Low-Cost Elderly Insurance | 208 | 5,049 |
|
Microinsurance | 73 | 1,778 |
|
Total | 1,079 | 17,207 | - |
Yuanta Bank's “Give Love, Give Warmth” online donation platform has been completely upgraded and revamped, providing people with the convenience of using any bank IC card and a card reader to connect with the network of love. The platform offers support and assistance to social welfare organizations, so that they can feel the warmth of society. The cumulative number of donations made this year by Internet bank transfer was over 44 with a donation amount of about NT$27,168, and 487 by credit card with a donation amount of NT$1.284 million.
Yuanta Bank lent 7,918 loans to small and medium-sized enterprises (SMEs) to promote their stable operation on December 31, 2022. The lending targets are SMEs that meet the criteria for SMEs forwarded by Taiwan’s Executive Yuan. We hope to provide funding to assist SMEs with cash flow and in maintaining working capital, and to help SMEs to stabilize their operations. Of the following loans to SMEs, the balance of loans to 4,994 small and new SMEs was NT$127.9 billion and the balance of loans to 1,477 micro enterprises was NT$590 million. This was done to support the growth of micro enterprises and promote economic development.
Unit:NT$ thousandLending Categories | 2021 | 2022 | ||||
---|---|---|---|---|---|---|
Loan Amount | Total Amount of Lending(Note) | Proportion of Total Lending(%) | Loan Amount | Total Amount of Lending(Note) | Proportion of Total Lending(%) | |
SME and Microenterprise Loans | 170,102,117 | 411,623,889 | 41.32 | 171,995,449 | 492,459,811 | 34.93 |
Note:Total Amount of Lending is defined as the total lending balance from Corporate Banking for the entire bank.。