第479號 2021-11-3

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$ 9.5 billion (US$0.341 billion) from NT$2,090 billion (US$75.002 billion) of the previous month and amounted to NT$2,099.5 billion (US$75.343 billion). Total outstanding loans increased by NT$3.6 billion (US$0.129 billion) from NT$1,255.7 billion (US$45.062 billion) of the previous month and amounted to NT$1,259.3 billion (US$45.191 billion) at the end of Sep. 2021. Meanwhile, the NPLs of these credit departments totaled at NT$4.52 billion (US$0.1622 billion) which decreased by NT$ 0.2 billion (US$0.0071 billion) from NT$4.72 billion (US$0.1693 billion) at the end of the previous month. The average NPL ratio of these credit departments decreased by 0.02 percentage points and therefore fell to a figure of 0.36% from 0.38% of the previous month.

Of the 311 credit departments , 257 had non-performing loan ratios of less than 1%, of which 57 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 38.72 percentage points and therefore rose to a figure of 871.98% from 833.26% 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: 2021/9/30 US$≒NT$27.866