Central bank meets lenders as property lending soarsBy Crystal Hsu / Staff reporterThe central bank met with eight local lenders on Thursday to call for restraint in real-estate financing, which approached a record high in September, sparking concern that it might drive up property prices. The central bank in Taipei is pictured yesterday. “Lenders must take up their social responsibility and guide funds to real investment that can create job opportunities and boost income rather than overly concentrating on property lending,” the bank said. Central bank Deputy Governor Chen Nan-kuang (陳南光) has several times expressed concern over the formation of a property bubble and pressed for pre-emptive measures to reverse the trend. The central bank said it has sent officials to visit lenders to see if they exercise due caution when handling real-estate loan requests.

Source: Taipei Times November 20, 2020 15:56 UTC