Taiwan's First Financial has exposure to Dubai

TAIPEI | Thu Nov 26, 2009 11:30pm EST

TAIPEI Nov 27 (Reuters) - First Financial (2892.TW), Taiwan's No.6 financial holding firm by assets, has exposure to Dubai World's debt and was worried about the possibility of default, an executive said on Friday.

"We are watching for further developments," said Grace Jeng, an executive vice-president. "We are worried our loans could be defaulted on."

The state-run firm was determing its total exposure, she said. (Reporting by Faith Hung; Editing by Chris Lewis) ((faith.hung@thomsonreuters.com; +886 2 2508-0815; Reuters Messaging: faith.hung.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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