第474號 2021-10-4

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$ 8.3 billion (US$0.299 billion) from NT$2,081.7 billion (US$74.957 billion) of the previous month and amounted to NT$2,090 billion (US$75.256 billion). Total outstanding loans increased by NT$2.6 billion (US$0.094 billion) from NT$1,253.1 billion (US$45.121 billion) of the previous month and amounted to NT$1,255.7 billion (US$45.215 billion) at the end of Aug. 2021. Meanwhile, the NPLs of these credit departments totaled at NT$4.72 billion (US$0.17 billion) which decreased by NT$ 0.03 billion (US$0.0011 billion) from NT$4.75 billion (US$0.1711 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 0.06 percentage points compared to the same month last year.

Of the 311 credit departments , 259 had non-performing loan ratios of less than 1%, of which 52 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 7.25 percentage points and therefore roes to a figure of 833.26% from 826.01% 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: 2021/8/31 US$≒NT$27.772