Taipei: The merger of Taishin Financial Holding Co. and Shin Kong Financial Holding Co. is set to conclude on July 24, as announced by Taishin Financial Chairman Thomas Wu on Monday. Wu, speaking at the company’s annual general meeting, noted that the newly formed entity, to be named TS Financial Holding Co., will rank as the fourth largest financial holding company in Taiwan based on total assets.
According to Focus Taiwan, the merger, initially announced in August 2024, received approvals from the shareholders of both companies in October 2024 and from the Fair Trade Commission in January 2025. The Financial Supervisory Commission granted its final approval in March 2025. During this period, the companies successfully repelled a counterbid from CTBC Financial Holding Co., which also had an interest in acquiring Shin Kong Financial.
Welch Lin, President of Taishin Financial, stated that mergers of the major subsidiaries under the two companies are expected to be finalized by the end of June 2026. The merger of the securities trust business is scheduled for completion by the end of this year, while the life insurance and securities businesses are set to merge in January and April 2026, respectively. The integration of the banking business is anticipated by June 2026, although complexities in transferring banking operation systems could delay completion until the Mid-Autumn Festival on September 25, 2026.
In 2024, Taishin Financial reported a net profit of NT$20.1 billion (US$676 million), marking the second highest in its history, up from NT$14.60 billion in 2023. The earnings per share increased to NT$1.39 from NT$1.01 the previous year. Lin highlighted that Taishin International Bank achieved a net profit of NT$18.5 billion in 2024, a nearly 25 percent increase from the prior year, while Taishin Securities Co. saw its net profit rise by 53 percent to NT$2.36 billion. Furthermore, Taishin Life Insurance, a key insurance asset of Taishin Financial, reported a net profit of NT$1.24 billion in 2024.
Lin expressed that post-merger, TS Financial aims to offer more comprehensive one-stop services, enhancing its market share and leveraging artificial intelligence applications to fortify its market position.