Mega Financial Group chairman discusses Middle East exposure and economic outlook
Mega Financial Group's chairman stated their Middle East exposure is concentrated in Qatar, not conflict zones, limiting impact. He believes the US-Iran conflict is a short-term disruption with minimal financial industry effects and expects exchange rates to stabilize. He calculated a 10% oil price increase would only impact overall prices by 0.7%, and Qatar's natural gas supply has over a month's buffer. The real estate market shows increased negotiation room, with Mega Bank maintaining its mortgage business steady. Mega Financial Group achieved record profits last year and will focus on anti-fraud initiatives and high-net-worth wealth management, projecting over 20% growth in wealth management income this year. They also aim to assist semiconductor supply chains in expanding to the US.