US continues as top debtor of Taiwan banks

Taipei [Taiwan], September 29 (ANI): Data compiled by the central bank showed Taiwanese banks' exposure to the U.S. hit USD194.87 billion as of the end of June, up USD14.80 billion or 8.22 percent from a quarter earlier,

Speaking with reporters, Hsieh Jen-chun, deputy head of the central bank's Department of Financial Inspection, said on Friday that banks raised their deposits and interbank loans in the US market and placed more investments in stock and bond mutual funds.

Meanwhile, China rose one notch to become the second largest debtor nation of Taiwanese banks at the end of June as exposure rose USD 2.38 billion or 5.16 percent from a quarter earlier to USD 48.50 billion at the end of the second quarter, the data showed.

Hsieh said the increase in exposure to China came as banks too