第438號 2021-3-3

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$ 1.9 billion (US$0.067 billion) from NT$2,018.6billion (US$71.047 billion) of the previous month and amounted to NT$2,020.5 billion (US$71.114 billion). Total outstanding loans increased by NT$5 billion (US$0.176 billion) from NT$1,221.4 billion (US$42.989 billion) of the previous month and amounted to NT$1,226.4 billion (US$43.165 billion) at the end of Jan. 2021. Meanwhile, the NPLs of these credit departments totaled at NT$4.665 billion (US$0.164 billion) which increased by NT$ 0.014 billion (US$0.0005 billion) from NT$4.651 billion (US$0.164 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.38%.

Of the 311 credit departments , 259 had non-performing loan ratios of less than 1%, of which 49 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 1.75 percentage points and therefore fell to a figure of 832.37% from 834.12% 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: 2021/1/31 US$≒NT$28.412