第522號                                       2022-7-8

      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$ 4 billion (US$0.138 billion) from NT$2,155 billion (US$74.144 billion) of the previous month and amounted to NT$2,159 billion (US$74.282 billion). Total outstanding loans increased by NT$5 billion (US$0.168 billion) from NT$1,285 billion (US$44.215 billion) of the previous month and amounted to NT$1,290 billion (US$44.383 billion) at the end of May 2022. Meanwhile, the NPLs of these credit departments totaled at NT$3.764 billion (US$0.130 billion) which decreased by NT$ 0.052 billion (US$0.0018 billion) from NT$3.816 billion (US$0.131 billion) at the end of the previous month. The average NPL ratio of these credit departments decreased by 0.01 percentage points and therefore fell to a figure of 0.29% from 0.3% of the previous month, and was down by 0.09 percentage points compared to the same month last year.

      Of the 311 credit departments , 270 NPL ratio of less than 1%, of which 44 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 15.72 percentage points and therefore rose to a figure of 1,098.06% from 1,082.34% 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: 2022/5/31 US$≒NT$29.065