第485號 2021-12-3

The Bureau of Agricultural Finance, Council of Agriculture, Executive Yuan (the BOAF) has released that total deposits extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations increased by NT$ 9.5 billion (US$0.341 billion) from NT$2,099.5 billion (US$75.467 billion) of the previous month and amounted to NT$2,109 billion (US$75.808 billion). Total outstanding loans increased by NT$4 billion (US$0.144 billion) from NT$1,259.3 billion (US$45.266 billion) of the previous month and amounted to NT$1,263.3 billion (US$45.41 billion) at the end of Oct. 2021. Meanwhile, the NPLs of these credit departments totaled at NT$4.516 billion (US$0.16233billion) which decreased by NT$ 0.002 billion (US$0.00007 billion) from NT$4.518 billion (US$0.1624 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.36%, and was down by 0.06 percentage points compared to the same month last year.

Of the 311 credit departments , 261 had non-performing loan ratios of less than 1%, of which 48 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 3.33 percentage points and therefore rose to a figure of 875.31% from 871.98% 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: 2021/10/29 US$≒NT$27.82