Amadeusz Juskowiak

Taiwan offshore banking assets rise in january

The combined assets of Taiwans offshore banking units obu rose to 628 billion US Dlrs at end January from 621 billion in December and 634 billion in January 1986 the central bank said

A bank official told Reuters the increase came mainly from increased local obu borrowings from their Asian counterparts

He said the assets held by 15 foreign and local banks were mainly in US Dollars with the remainder in certificates of deposit and bonds About 90 pct of the assets came from Asia and the rest from North America and Europe he added