To operate in coordination with the enforcement of Agricultural Finance Act, Bureau of Agricultural Finance was established in January of 2004 and through various assisting and supervising measures, the operating efficiency of the Credit departments of farmers’ and fishermen’s associations has been significantly improved.
1. Expanding operation scale: At the end of 2008, the total deposit was 1 trillion and 366.4 billion dollars and the loans granted was 736.9 billion dollars; compared with those of the end of January 2004, it was increased by 80.5 billion dollars and 174.9 billion dollars respectively, the scale of deposit and loan is continuously expanding.
2. Improved loan quality: At the end of 2008, the Non-performing loan was 38 billion dollars and the Non-performing loan ratio was 5.16%; compared with those of the end of January 2004, it was reduced by 61.5 billion dollars and 12.55% respectively, the loan quality is continuously improved and the financial structure is getting healthy gradually.
3. Raising Risk enduring capability: The net worth at the end of 2008 was 91.6 billion dollars; an increase of 15.4 billion dollars compared with that of the end of January 2004 and the risk enduring capability is continuously enhanced.
4. Raising profitable capability: The surplus for 2008 was 3.8 billion dollars which was an increase of 1.7 billion compared with that of 2004. The profitability is continuously growing.