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

Tue Jul 15, 2008 7:43am EDT

Stocks

    
 (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



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