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Taiwanese banks reduce holdings of eurozone debts

Taiwanese banks reduce holdings of eurozone debts

Taipei, May 28 (CNA) Taiwan's banking institutions have slightly reduced their holdings of eurozone debt because of the sovereign debt crisis in Greece and fears the storm could spread to other weak economies in the region, Taiwan's central bank said Friday.
Taiwanese banks, including their OBUs and overseas subsidiaries, held US$58.34 billion in euro-denominated debt at the end of the first quarter of 2010, down 0.74 percent from the US$58.78 billion held at the end of Q4 2009, the Central Bank of the Republic of China (Taiwan) said.
Taiwan's bank held total external debt of US$159 billion as of the end of March, an increase of 1.5 percent, or US$2.34 billion, from the previous quarter.
The increase mainly came from call loans to foreign banks and increases in foreign investments, according to the central bank.
(By Lin Ye-fong and Deborah Kuo)




Updated : 2021-05-19 08:48 GMT+08:00