第461號 2021-8-3

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$ 33.6 billion (US$1.206 billion) from NT$2,040.3 billion (US$73.208 billion) of the previous month and amounted to NT$2,073.9 billion (US$74.413 billion). Total outstanding loans increased by NT$7.1 billion (US$0.255 billion) from NT$1,239.6 billion (US$44.478 billion) of the previous month and amounted to NT$1,246.7 billion (US$44.733 billion) at the end of Jun. 2021. Meanwhile, the NPLs of these credit departments totaled at NT$4.74 billion (US$0.1701 billion) which decreased by NT$ 0.02 billion (US$0.0007 billion) from NT$4.76 billion (US$0.1708 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.38%, and was down by 0.07 percentage points compared to the same month last year.

Of the 311 credit departments , 256 had non-performing loan ratios of less than 1%, of which 46 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 5.53 percentage points and therefore roes to a figure of 825.35% from 819.82% 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: 2021/6/30 US$≒NT$27.870