UPDATE 1-TABLE-Taiwan firms' exposure to Fannie, Freddie

Tue Jul 15, 2008 7:43am EDT
 
[-] Text [+]
 (Adds more companies)
 TAIPEI, July 15 (Reuters) - Taiwan financial stocks plunged
on Tuesday after regulators disclosed that the companies had over
T$600 billion ($20 billion) of exposure to troubled U.S. mortgage
lenders Fannie Mae (FNM.N) and Freddie Mac (FRE.N).
 Click on [ID:nTP143889] [ID:nSP256704] for stories on the
steep share declines of Asian and Taiwanese banks .
 Below are the amounts of exposure facing major Taiwan
financial holding companies:
 FINANCIAL INSTITUTION            U.S. DOLLARS     TAIWAN DOLLARS
                               (millions)        (millions)
 Cathay Financial (2882.TW)         6,580             200,000
 Shin Kong Financial (2888.TW)      4,605             140,000
^Union Bank (2838.TW)                 703              21,371
 Fubon Financial (2881.TW)            676              20,550
 Taiwan Life Insurance (2833.TW)      425              12,920
^Sinopac Financial (2890.TW)          272.5             8,284
^China Life (2823.TW)                 208               6,323
^First Financial (2892.TW)            181               5,502
^China Development (2883.TW)          179               5,442
^Chinatrust Financial (2891.TW)       129               3,922
#Mega Financial (2886.TW)             128               3,900
^Entie Bank (2849.TW)                 101               3,057
 Taishin FHC (2887.TW)                 75               2,280
^King's Town Bank (2809.TW)            67               2,037
 Taiwan Cooperative (5854.TW)          58               1,770
 Central Reinsurance (2851.TW)         53               1,600
 Taiwan Business Bank (2834.TW)        30                 900
^Chang Hwa Bank (2801.TW)              22                 670
 Ta Chong Bank (2847.TW)               10                 304
 E. Sun FHC  (2884.TW)                  8.3               252
 Shinkong Insurance (2850.TW)           3                  90
 ^: New addition
 #: Mega's figures included its exposure to Ginnie Mae
 Source: Taiwan stock exchange

 

Companies In This Article

Federal National Mortgage Association (FNM.N) Quote, Profile, Research
Freddie Mac (FRE.N) Quote, Profile, Research
Cathay Financial Holding Co Ltd (2882.TW) Quote, Profile, Research
Shin Kong Financial Holding Co., Ltd. (2888.TW) Quote, Profile, Research
Union Bank of Taiwan (2838.TW) Quote, Profile, Research
Fubon Financial Holding Co Ltd (2881.TW) Quote, Profile, Research
Taiwan Life Insurance Co., Ltd. (2833.TW) Quote, Profile, Research
Sinopac Financial Holdings Company Limited (2890.TW) Quote, Profile, Research
China Life Insurance Company Ltd (Taiwan) (2823.TW) Quote, Profile, Research
First Financial Holding Co Ltd (2892.TW) Quote, Profile, Research
China Development Financial Holding Corp (2883.TW) Quote, Profile, Research
Chinatrust Financial Holding Co Ltd (2891.TW) Quote, Profile, Research
Mega Financial Holding Company Ltd. (2886.TW) Quote, Profile, Research
EnTie Commercial Bank (2849.TW) Quote, Profile, Research
Taishin Financial Holding Co., Ltd. (2887.TW) Quote, Profile, Research
Kings Town Bank (2809.TW) Quote, Profile, Research
Taiwan Cooperative Bank (5854.TW) Quote, Profile, Research
Central Reinsurance Corporation (2851.TW) Quote, Profile, Research
Taiwan Business Bank (2834.TW) Quote, Profile, Research
Chang Hwa Commercial Bank Ltd (2801.TW) Quote, Profile, Research
Ta Chong Bank Ltd. (2847.TW) Quote, Profile, Research
E.Sun Financial Holding Company, Ltd. (2884.TW) Quote, Profile, Research
Shinkong Insurance Co., Ltd. (2850.TW) Quote, Profile, Research

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