第642號 

　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$ 3.2 billion (US$0.098 billion) from NT$2,251.6 billion (US$69.191 billion) of the previous month and amounted to NT$2,248.4 billion (US$69.092 billion). Total outstanding loans increased by NT$11.2 billion (US$0.344 billion) from NT$1,426.6 billion (US$43.839 billion) of the previous month and amounted to NT$1,437.8 billion (US$44.183 billion) at the end of April 2024. Meanwhile, the NPLs of these credit departments totaled at NT$4.012 billion (US$0.1233 billion) which increased by NT$ 0.116 billion (US$0.0036 billion) from NT$3.896 billion (US$0.1197 billion) at the end of the previous month. The average NPL ratio of these credit departments increased by 0.01 percentage points and therefore rose to a figure of 0.28% from 0.27% of the previous month.

　Of the 311 credit departments , 272 NPL ratio of less than 1%, of which 41 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 34.21 percentage points and therefore fell to a figure of 1,236.32% from 1,270.53% 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: 2024/4/30 US$≒NT$32.542