第 401 號 2020-8-5

The Bureau of Agricultural Finance, Council of Agriculture, Executive Yuan (the BOAF) has released that total outstanding loans extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations increased by NT$5.6 billion (US$0.189 billion) from NT$1,189.3billion (US$40.10 billion) of the previous month and amounted to NT$1,194.9 billion (US$40.29billion) at the end of Jun. 2020. Meanwhile, the NPLs of these credit departments totaled at NT$5.431 billion (US$0.183 billion) which increased by NT$ 0.323billion (US$0.011 billion) from NT$5.108 billion (US$0.172 billion) at the end of the previous month. The average NPL ratio of these credit departments increased by 0.02 percentage points and therefore rose to a figure of 0.45% from 0.43% of the previous month.

Of the 311 credit departments , 257 had non-performing loan ratios of less than 1%, of which 44 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 40.8 percentage points and therefore fell to a figure of 680.21% from 721.01% 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: 2020/6/30 US$≒NT$29.660