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 billion (US$0.334 billion) from NT$2,172 billion (US$72.550 billion) of the previous month and amounted to NT$2,182 billion (US$72.884 billion). Total outstanding loans increased by NT$1.8 billion (US$0.060 billion) from NT$1,292.5 billion (US$43.173 billion) of the previous month and amounted to NT$1,294.3 billion (US$43.233 billion) at the end of July 2022. Meanwhile, the NPLs of these credit departments totaled at NT$3.578 billion (US$0.11951 billion) which increased by NT$ 0.001 billion (US$0.00003 billion) from NT$3.577 billion (US$0.11948 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.28% , and was down by 0.1 percentage points compared to the same month last year.

   Of the 311 credit departments , 268 NPL ratio of less than 1%, of which 50 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 2.14 percentage points and therefore rose to a figure of 1,160.09% from 1,157.95% 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.