From The China Post

TAIPEI–China remained the largest debtor to Taiwan as Taiwanese banks’ exposure to the mainland continued to hit a high as of the end of September 2014 amid warming business ties across the Taiwan Strait, according to the Central Bank of the Republic of China.
Citing statistics, the central bank said that outstanding international claims by Taiwanese banks to China on a direct risk basis at the end of the third quarter totaled US$53.59 billion, up from US$52.02 billion recorded at the end of the second quarter.

On an ultimate risk basis, which calculates a country’s consolidated debts after risk transfers, Taiwanese banks’ exposure to China hit US$94.09 billion, up from the second quarter’s US$92.65 billion, the data showed.

On a direct risk basis, the central bank said, Luxembourg ranked as the second largest debtor to Taiwan as Taiwanese banks’ exposure to the country totaled US$42.96 billion as of the end of September, down from US$44.47 billion.

Hong Kong came in the third as Taiwanese banks’ international claims to the territory reached US$34.34 billion as of the end of the third quarter on a direct risk basis.

It was followed by the United States with US$30.54 billion, the British West Indies with US$14.64 billion, and the Cayman Islands with US$12.50 billion, according to the data.

The statistics showed that the United Kingdom was the 7th largest debtor to Taiwan as local banks’ international claims to the European country at the end of September totaled US$11.52 billion on a direct risk basis, before Singapore with US$7.57 billion and Australia with US$5.85 billion.

The Netherlands replaced Ireland to become the 10th largest debtor to Taiwan as Taiwanese banks’ exposure to Holland hit US$4.41 billion as of the end of the third quarter, the central bank said.

It added that Taiwan banks’ international claims to the top 10 debtors on a direct risk basis totaled US$217.9 billion at the end of the third quarter, up 0.96 percent from a quarter earlier.

International claims to the top 10 debtors accounted for 77.40 percent of these banks’ total exposure.

On a direct risk basis, Taiwan banks’ total international claims exposure rose 0.96 percent to NT$281.6 billion due to an increase in interbank loans, while on an ultimate risk basis, Taiwan banks’ exposure totaled US$341.7 billion as of the end of September, up 2.73 percent from the end of June, the central bank said.
For more on this story go to: http://www.chinapost.com.tw/taiwan/national/national-news/2015/01/11/426207/Mainland-China.htm
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