Taipei [Taiwan], September 29 (ANI): Data compiled by the central financial institution confirmed Taiwanese banks’ publicity to the U.S. hit USD194.87 billion as of the tip of June, up USD14.80 billion or 8.22 % from 1 / 4 earlier,
Speaking with reporters, Hsieh Jen-chun, deputy head of the central financial institution’s Department of Financial Inspection, mentioned on Friday that banks raised their deposits and interbank loans within the US market and positioned extra investments in stock and bond mutual funds.
Meanwhile, China rose one notch to turn into the second largest debtor nation of Taiwanese banks on the finish of June as publicity rose USD 2.38 billion or 5.16 % from 1 / 4 earlier to USD 48.50 billion on the finish of the second quarter, the information confirmed.
Hsieh mentioned the rise in publicity to China got here as banks took benefit of a stronger Chinese yuan to spend money on the Chinese bond market, whereas additionally they prolonged extra interbank loans.
However, the hole between the publicity to the U.S. and China by Taiwanese banks continued to widen, hitting the largest-ever degree of USD146.4 billion on the finish of June, in keeping with the central financial institution.
At the tip of June, worldwide claims by Taiwanese banks on a direct danger foundation — comprising loans, investments, deposits and different holdings — rose by 5.57 % from 1 / 4 earlier to USD 648.2 billion largely as a consequence of a rise in lending to nonbank companies, in keeping with the information.
After the U.S. and China, Luxembourg ranked third on the finish of June, down one notch from 1 / 4 earlier with publicity by Taiwanese banks hitting US$48.06 billion, up 4.20 % from 1 / 4 earlier, adopted by Australia (USD 40.22 billion) and Japan (USD 37.26 billion), the central financial institution mentioned.
Rounding out the highest 10 debtor areas had been Hong Kong, with publicity of USD 32.29 billion, the United Kingdom (USD 22.11 billion), Singapore (USD 19.02 billion), France (USD 18.86 billion), Vietnam (USD 16.84 billion) and South Korea (USD 16.29 billion).
Exposure to the highest 10 debtors totaled USD478.0 billion, accounting for 73.75 % of the full worldwide claims held by Taiwan’s banks on the finish of June, the central financial institution mentioned. (ANI)