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Taiwan Banks' 'New Southbound Policy' Lending Rises to Record NT$2.25 Trillion

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Taiwanese banks' credit exposure to "New Southbound Policy (NSP)" markets rose NT$251.2 billion year-to-date to a record NT$2.251 trillion as of end-May, Financial Supervisory Commission (FSC) data showed.

The increase has already surpassed the full-year growth target of NT$80 billion.

The FSC said the Export-Import Bank has facilitated 713 syndicated loan and guarantee cases worth NT$65.2 billion since launch, including NT$51.2 billion directed to NSP countries, as part of efforts to support regional investment and trade financing.

Export credit insurance and guarantee programs also remained on track, reaching about 55% to 58% of their annual targets, the regulator said.

The New Southbound Policy financial support framework continues to expand through diversified funding channels, the FSC added.

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