Taiwan central bank governor tightens lending

Taiwanese lenders checking more closely borrowers' applications and may deny loans to curb speculation.

To rein in the housing bubble in Taiwan, F.N. Perng, governor of Taiwan`s central bank, recently instructed domestic banks to deny lending to those suspected of speculation.

As such, government-linked banks, including Land Bank of China, Taiwan Cooperative Bank, First Commercial Bank, Bank of Taiwan, Hua Nan Commercial Bank and Chang Hwa Bank, are all checking more closely borrowers' applications and may deny loans to holders of dummy accounts.

Land Bank is now Taiwan's largest mortgage lender with loans outstanding at US$17.73 billion, and is reportedly checking vigilantly applicants to minimise further property speculation. Home prices, according to a TV show aired in Taipei recently, are higher relative to those in other nations. First Commercial and Chang Hwa both will strictly check creditworthiness of applicants, with the latter to lend to repeat mortgage applicants in the past year up to half of market prices.

View the full story in News CENS.

Also Read

Tighter policies drag South Korean household loan growth in September

SME loans in Taiwan rose in August

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit