By: Pan Tzu-yu and Frances Huang
Data compiled by the central bank showed outstanding international claims by Taiwanese banks on the U.S. as of the end of June totaled US$91.90 billion, up about US$7.55 billion from a quarter earlier on a direct risk basis.
The growth came after the value of U.S.-based assets owned by Taiwanese banks increased in the wake of a significant rebound by U.S. stock markets at a time when the Federal Reserve eased its monetary policy to fight COVID-19, the central bank said.
On an ultimate risk basis, which calculates a country's consolidated debts after risk transfers, outstanding international claims by the local banking sector on the U.S. was also the largest at US$89.32 billion at the end of June, up from US$83.90 billion at the end of March, the data showed. [FULL STORY]