File photo:VCG

The renminbi-denominated deposit balance of Taiwan's financial institutions increased to 261.03 billion yuan (about 37.9 billion U.S. dollars) at the end of December, according to the island's monetary authority.

The figure was nearly 1.1 billion yuan higher than at the end of November, rising for the second consecutive month.

Of the total deposit balance, 229.01 billion yuan was under the island's 65 authorized banks, up 51 million yuan over November, while an additional 32.02 billion yuan was under 57 offshore banking units, up 1.05 billion yuan monthly.