第458號 2021-7-9

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 decreased by NT$ 0.4 billion (US$0.015 billion) from NT$2,040.7 billion (US$73.786 billion) of the previous month and amounted to NT$2,040.3 billion (US$73.772 billion). Total outstanding loans increased by NT$5.5 billion (US$0.199 billion) from NT$1,234.1 billion (US$44.622 billion) of the previous month and amounted to NT$1,239.6 billion (US$44.821 billion) at the end of May. 2021. Meanwhile, the NPLs of these credit departments totaled at NT$4.76 billion (US$0.172 billion) which increased by NT$ 0.1 billion (US$0.004 billion) from NT$4.66 billion (US$0.169 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 , 257 had non-performing loan ratios of less than 1%, of which 45 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 16.44 percentage points and therefore fell to a figure of 819.82% from 836.26% 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: 2021/5/31 US$≒NT$27.657