Central Bank of the Republic of China (Taiwan)
PRESS RELEASE Release Date: January 25, 2013
Financial Conditions (December 2012)
Monetary Aggregates For the month of December 2012, the monthly growth rates of the monetary aggregates M1B and M2, measured on a daily average basis, were 1.91% and 0.86%, respectively, both higher than those of last month. The annual growth rates of M1B and M2 rose to 4.91% and 3.67%, respectively, mainly due to expanded growth in bank loans and investments. For the year of 2012, the average annual growth rates of M1B and M2 were 3.45% and 4.17%, respectively.
Direct and Indirect Finance At the end of December, the monthly growth rate of total outstanding loans and investments (measured on a cost basis) of monetary financial institutions was 1.10%, higher than that at the end of the previous month. Meanwhile, the annual growth rate rose from 4.96% at the end of the previous month to 5.70%, mainly due to expanded growth in bank claims on the private sector. If (1) loans and investments extended by life insurance companies, (2) non-accrual loans reclassified and bad loans written off by monetary financial institutions, and (3) funds raised directly from capital markets were all taken into account, the total outstanding amount of funds raised by the non-financial sector would show an annual growth rate of 4.54%, higher than the 4.19% registered at the end of the previous month.
Notes: 1. The upcoming Financial Conditions (January 2013) is scheduled for release at 16:20 on February 27, 2013.
2. For the release schedule for the next six months, please check the CBC website at
http://www.cbc.gov.tw/ct.asp?xItem=30164&ctNode=515&mp=2 .
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