E.SUN has attained international recognition for its outstanding performance in business diversification and asset management. Today (9), E.SUN's credit ratings were simultaneously increased by S&P and Taiwan Ratings. Following the increase in S&P ratings, E.SUN Commercial Bank and E.SUN FHC both demonstrate stable outlook in accordance with their long-term credit ratings of BBB+ and BBB, respectively. Following the increase in Taiwan Ratings, E.SUN Commercial Bank and E.SUN FHC both exhibit stable outlook in accordance with their long-term credit ratings of twAA and twAA-, respectively. This also marks the fourth year in which E.SUN Commercial Bank and E.SUN FHC's credit ratings or outlooks were increased by credit agencies.
The information published by S&P and Taiwan Ratings today affirms the excellent performance of E.SUN Commercial Bank in management capability, strategic planning, and business diversification. Furthermore, E.SUN attaches a great level of importance to lending risk management, a point of emphasis that has contributed to the bank's ability to maintain excellent asset quality over the long term. Credit rating analysts also believe that the recent completion of cash capital increase by E.SUN FHC will add to the strength of the company's capital structure, thereby facilitating the future development of its lending and business services.
In response to the emergence of new trends such as booming Asian economies and fintech, E.SUN has improved its business operation through the development of fintech and digital services to create more convenient financial services and diversify its source of income. Not only has E.SUN’s total service fee income been ranked among the top three within Taiwan's market, the company has moreover generated high growth in wealth management service for five consecutive years. In the aspect of asset quality, E.SUN has effectively managed risks and ensured a prudent growth strategy, thereby maintaining the best asset quality among banks in Taiwan.
Joseph N. C. Huang, President of E.SUN FHC, explained that international credit rating agencies typically focus on the sustainability of a company's management and development. The fact that E.SUN’s ratings or outlook have been increased by credit rating agencies for four consecutive years suggests that these agencies not only recognize the business performance of E.SUN, but also approve of E.SUN's long-term development strategy. In the future, E.SUN will continue to expand its long-term strategies and strive to become the most distinguished bank in Asia. It will continue to develop financial innovation, provide customers with outstanding, comprehensive financial services, and create greater value for customers.