Taiwanese Banks' Exposure to US Hits Record, China Rises
Taiwanese banks' international exposure has seen significant shifts, with the US bank remaining the top debtor nation for the 40th consecutive quarter. Luxembourg and Australia follow, while China has risen to the second-largest debtor nation.
At the end of June, Taiwanese banks' exposure to the US bank reached US$194.87 billion, a rise of US$14.80 billion from the previous quarter. This marked a record gap of US$146.4 billion with their exposure to China, which stood at US$48.50 billion. Luxembourg ranked third, with Taiwanese banks' exposure rising to US$48.06 billion. Australia followed with US$40.22 billion, and Japan with US$37.26 billion.
Overall claims rose 5.57 percent from the previous quarter, primarily due to increased lending to nonbank firms. Exposure to the top 10 debtors totaled US$478 billion, representing 73.75 percent of Taiwan's total international claims of US$648.2 billion.
The significant increase in Taiwanese banks' exposure to the US bank and the rise of China to the second-largest debtor nation highlight the changing dynamics of Taiwan's international financial landscape. These shifts may reflect broader economic trends and geopolitical influences.
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