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Taiwan OBUs’ assets fall 1.7% to $187bn in Nov

Taiwan OBUs’ assets fall 1.7% to $187bn in Nov

TAIPEI: The 62 offshore banking units (OBUs) of banks operating in Taiwan posted total assets of US$187.01 billion in November, down US$3.159 billion, or 1.7 percent, from the previous month, the central bank said in a statement on its Web site.

Among them, US$160.2 billion in assets were held by the OBUs of 37 Taiwanese banks, and US$26.807 billion in assets were held by the OBUs of 25 foreign banks doing business in Taiwan, the central bank said, without elaborating on the decrease in the OBUs’ total assets.

These OBUs’ lending made up about 45.2 percent of their total assets with interbank lending and deposits representing 17.8 percent. Securities investments accounted for an additional 15.8 percent, the central bank said.