第 490號 2022-1-5

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$ 10.5 billion (US$0.378 billion) from NT$2,109 billion (US$75.836 billion) of the previous month and amounted to NT$2,119.5 billion (US$76.214billion). Total outstanding loans increased by NT$5.8 billion (US$0.209 billion) from NT$1,263.3 billion (US$45.426 billion) of the previous month and amounted to NT$1,269.1 billion (US$45.635 billion) at the end of Nov. 2021. Meanwhile, the NPLs of these credit departments totaled at NT$4.443 billion (US$0.15976billion) which decreased by NT$ 0.073 billion (US$0.00263billion) from NT$4.516 billion (US$0.16239billion) at the end of the previous month. The average NPL ratio of these credit departments decreased by 0.01 percentage points and therefore fell to a figure of 0.35% from 0.36% of the previous month.

Of the 311 credit departments , 261 had non-performing loan ratios of less than 1%, of which 47 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 16.56 percentage points and therefore rose to a figure of 891.87% from 875.31% 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: 2021/11/30 US$≒NT$27.81