(source : ANI) ( Photo Credit : ani)
Taiwanese banks ramped up their investments abroad in the second quarter, with a big jump in exposure to the United States topping the list.
According to data from Taiwan’s central bank, banks’ holdings in the U.S.—including loans, deposits, and investments—hit $194.87 billion by the end of June. That’s an increase of $14.80 billion, or 8.22%, from the previous quarter. Deputy head of the central bank’s Financial Inspection Department, Hsieh Jen-chun, told reporters on Friday that banks boosted deposits and interbank loans in the U.S. market. They also poured more money into stock and bond mutual funds there.
China moved up to become the second-biggest destination for Taiwanese banks’ international claims, with exposure climbing $2.38 billion, or 5.16%, to $48.50 billion. Hsieh explained that a stronger Chinese yuan made it attractive for banks to invest in China’s bond market. They also extended more interbank loans across the border.
Even so, the difference in exposure between the U.S. and China grew wider than ever, reaching $146.4 billion by June’s end.
Overall, Taiwanese banks’ total international claims—covering loans, investments, deposits, and other assets—rose 5.57% to $648.2 billion. The growth came mostly from increased lending to non-bank companies.
After the U.S. and China, Luxembourg took third place with $48.06 billion in exposure, up 4.20% from the prior quarter. Australia followed at $40.22 billion, and Japan at $37.26 billion.
The rest of the top 10 debtor countries and regions included Hong Kong ($32.29 billion), the United Kingdom ($22.11 billion), Singapore ($19.02 billion), France ($18.86 billion), Vietnam ($16.84 billion), and South Korea ($16.29 billion).
Together, these top 10 accounted for $478 billion, or 73.75% of all Taiwanese banks’ international claims at the end of June, the central bank reported. This surge highlights how Taiwan’s financial sector is expanding its global reach amid shifting currency trends and investment opportunities.
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