第415號 2020-11-5

The Bureau of Agricultural Finance, Council of Agriculture, Executive Yuan (the BOAF) has released that total outstanding loans extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations increased by NT$2.4 billion (US$0.084 billion) from NT$1,201.2billion (US$41.24 billion) of the previous month and amounted to NT$1,203.6 billion (US$41.32billion) at the end of Sep. 2020. Meanwhile, the NPLs of these credit departments totaled at NT$5.09 billion (US$0.175 billion) which decreased by NT$ 0.161billion (US$0.006 billion) from NT$5.251 billion (US$0.180 billion) at the end of the previous month. The average NPL ratio of these credit departments decreased by 0.02 percentage points and therefore fell to a figure of 0.42% from 0.44% of the previous month.

Of the 311 credit departments , 261 had non-performing loan ratios of less than 1%, of which 44 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 23.67 percentage points and therefore rose to a figure of 730.14% from 706.47% of the previous month.

The BOAF will continue to maintain a firm grasp of the operational situation at credit departments, and will strengthen oversight and guidance work to continue to assist credit departments to ensure sound operations, and to maintain the stable development of agricultural finance.

Note: 2020/9/30 US$≒NT$29.126