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$ 7.8 billion (US$0.256 billion) from NT$2,208.7 billion (US$72.526 billion) of the previous month and amounted to NT$2,200.9 billion (US$72.270 billion). Total outstanding loans increased by NT$4.9 billion (US$0.161 billion) from NT$1,320.2 billion (US$43.351 billion) of the previous month and amounted to NT$1,325.1 billion (US$43.512 billion) at the end of Mar. 2023. Meanwhile, the NPLs of these credit departments totaled at NT$3.41 billion (US$0.112 billion) which decreased by NT$ 0.058 billion (US$0.002 billion) from NT$3.468 billion (US$0.114 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.26%, and was down by 0.05 percentage points compared to the same month last year.

   Of the 311 credit departments , 276 NPL ratio of less than 1%, of which 54 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 23.81 percentage points and therefore rose to a figure of 1,315.48% from 1,291.67% 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: 2023/3/31 US$≒NT$30.454