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 decreased by NT$ 3.9 billion (US$0.125 billion) from NT$2,250.2 billion (US$71.889 billion) of the previous month and amounted to NT$2,246.3 billion (US$71.764 billion). Total outstanding loans increased by NT$13.4 billion (US$0.428 billion) from NT$1,403 billion (US$44.823 billion) of the previous month and amounted to NT$1,416.4 billion (US$45.251 billion) at the end of January 2024. Meanwhile, the NPLs of these credit departments totaled at NT$3.515 billion (US$0.1123 billion) which increased by NT$ 0.075 billion (US$0.0024 billion) from NT$3.44 billion (US$0.1099 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.25%, and was down by 0.02 percentage points compared to the same month last year.

　Of the 311 credit departments , 277 NPL ratio of less than 1%, of which 47 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 28.79 percentage points and therefore fell to a figure of 1,404.84% from 1,433.63% of the previous month.

　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: 2024/1/31 US$≒NT$31.301