第528號                                       2022-8-4

       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$ 12.7 billion (US$0.427 billion) from NT$2,159.3 billion (US$72.640 billion) of the previous month and amounted to NT$2,172 billion (US$73.067 billion). Total outstanding loans increased by NT$2.5 billion (US$0.084 billion) from NT$1,290 billion (US$43.396 billion) of the previous month and amounted to NT$1,292.5 billion (US$43.480 billion) at the end of June 2022. Meanwhile, the NPLs of these credit departments totaled at NT$3.577 billion (US$0.1203 billion) which decreased by NT$ 0.187 billion (US$0.0063 billion) from NT$3.764 billion (US$0.1266 billion) at the end of the previous month. The average NPL ratio of these credit departments decreased by 0.01 percentage points and therefore fell to a figure of 0.28% from 0.29% of the previous month, and was down by 0.1 percentage points compared to the same month last year.

       Of the 311 credit departments , 271 NPL ratio of less than 1%, of which 47 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 59.89 percentage points and therefore rose to a figure of 1,157.95% from 1,098.06% 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: 2022/6/30 US$≒NT$29.726