Agricultural Finance Agency , Ministry of Agriculture (the AFNA) has released that total deposits extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations increased by NT$50.1 billion (US$1.63 billion) from NT$2,200.1 billion (US$71.58 billion) of the previous year and amounted to NT$2,250.2 billion (US$73.21 billion). Total outstanding loans increased by NT$86.7 billion (US$2.82 billion) from NT$1,316.3 billion (US$42.83 billion) of the previous year and amounted to NT$1,403 billion (US$45.65 billion) at the end of 2023. Meanwhile, the NPLs of these credit departments totaled at NT$3.44 billion (US$0.112 billion) which decreased by NT$0.007 billion (US$0.0002 billion) from NT$3.447 billion (US$0.1122 billion) at the end of the previous year. The average NPL ratio of these credit departments decreased by 0.01 percentage points and therefore fell to a figure of 0.25% from 0.26% of the previous year.

　Of the 311 credit departments , 273 had NPL ratios of less than 1%, of which 47 had NPL ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 136.5 percentage points and therefore rose to a figure of 1,433.63% from 1,297.13% of the previous year. Meanwhile, the profit increased by NT$1.577 billion (US$0.051 billion) from NT$6.114 billion (US$0.199 billion) of the previous year and amounted to NT$7.691 billion (US$0.25 billion) at the end of 2023.

　According to the above figures as of the end of 2023, the operational structure of credit departments has significantly improved. The AFNA 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: 2023/12/29 US$≒NT$ 30.735