Asset Quality of the Credit Departments of Farmers' and Fishermen's Associations as of the End of September 2024
- 發布日期
- 2024-11-11
- 內容
第672號
Agricultural Finance Agency , Ministry of Agriculture (the AFNA) has released that total deposits extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations increased by NT$ 5.2 billion (US$0.164 billion) from NT$2,277.7 billion (US$71.963 billion) of the previous month and amounted to NT$2,282.9 billion (US$72.127 billion). Total outstanding loans increased by NT$16.4 billion (US$0.518 billion) from NT$1,481.4 billion (US$46.804 billion) of the previous month and amounted to NT$1,497.8 billion (US$47.322 billion) at the end of September 2024. Meanwhile, the NPLs of these credit departments totaled at NT$4.113 billion (US$0.1299 billion) which increased by NT$ 0.065 billion (US$0.0021 billion) from NT$4.048 billion (US$0.1279 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.27%.
Of the 311 credit departments , 274 NPL ratio of less than 1%, of which 39 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 14.71 percentage points and therefore fell to a figure of 1,228.18% from 1,242.89% of the previous month.
The AFNA will continue to maintain a firm grasp of the operational situation at credit departments, and will strengthen oversight and guidance work to continue to assist credit departments to ensure sound operations, and to maintain the stable development of agricultural finance.
Note: 2024/9/30 US$≒NT$31.651