Taiwan bank sees no Carlyle affiliate default impact

TAIPEI, March 15 (Reuters) - Ta Chong Bank (2847.TW: Quote, Profile, Research, Stock Buzz), in
which the Carlyle Group [CYL.UL] is a major investor, sees no
impact on its operations after a Carlyle affiliate had
defaulted on about $16.6 billion of debt, the Economic Daily
reported on Saturday.

An official of Ta Chong, in which Carlyle and another
foreign investor pumped in T$21.5 billion ($700 million) for a
stake last year, said it has received the money, the
Chinese-language paper said.

Even if Carlyle wanted to pull out of its investment in Ta
Chong, they would need to get approval from Taiwan's financial
regulators, the paper said, citing the official.

Carlyle Capital Corp CARC.AS, an affiliate of the
U.S.-based buyout firm, has defaulted on the debt and expects
its lenders to seize remaining assets as th global credit
crunch tightens around leveraged investors. [ID:nL13503384]

Shares of Ta Chong, a mid-sized bank, went 7 percent
limit-down on Friday, underperforming the broader market's
0.6 percent dip.
($1=T$30.7)
(Reporting by Faith Hung; Editing by Ben Tan)