第416號 2020-12-2

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$10.5 billion (US$0.363 billion) from NT$1,973.7billion (US$68.235 billion) of the previous month and amounted to NT$1,984.2 billion (US$68.598 billion). Total outstanding loans increased by NT$3.4 billion (US$0.118 billion) from NT$1,203.6billion (US$41.611 billion) of the previous month and amounted to NT$1,207 billion (US$41.729 billion) at the end of Oct. 2020. Meanwhile, the NPLs of these credit departments totaled at NT$5.01 billion (US$0.173 billion) which decreased by NT$ 0.08 billion (US$0.003 billion) from NT$5.09 billion (US$0.176 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.42%.

Of the 311 credit departments , 262 had non-performing loan ratios of less than 1%, of which 47 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 13.23 percentage points and therefore rose to a figure of 743.37% from 730.14% 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: 2020/10/30 US$≒NT$28.925