“Bank of Taiwan will continue to focus on mortgage operations to support the government’s efforts to help young people buy a home by offering preferential interest rates,” Lyu said. Bank of Taiwan chairman Joseph Lyu, left, and president Hsu Chih-wen are pictured at a branch in Taipei on Feb. 3. Photo: Chen Mei-ying, Taipei TimesIn addition, the lender would seek to increase housing loans to government employees, military personnel and public school teachers, as these groups have relatively stable income to meet debt payments, he said. The state-owned lender commands a market share of 26.26 percent for housing loans to young people, translating into 85,000 houses, he said. The continued transfer of electronics orders to Taiwan and supply chain realignment would continue to bolster private investment and fuel loan demand, he said.
