Taiwan ranked as 5th largest lender worldwide

Focus Taiqwan
Date: 2018/06/16
By: Chiu Po-sheng and Frances Huang

Taipei, June 16 (CNA) Taiwan remained the world’s fifth largest lender in 2017 as its

CNA file photo

net international investment position rose more than 6 percent from a year earlier, according to the country’s central bank.

The total assets held by Taiwan totaled US$1.983 trillion in 2017, up US$193.4 billion, or 10.8 percent, from a year earlier mainly due to an increase “in overseas securities investment by residents and rising foreign equity prices,” according to central bank data.

The total liabilities shouldered by Taiwan rose US$119.3 billion, or 17.5 percent, from a year earlier to US$801.8 billion in 2017.

The figures translated into a net international investment position of US$1.18 trillion in 2017, up US$74.09 billion or 6.7 percent from a year earlier.   [FULL  STORY]

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