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 decreased by NT$ 0.6 billion (US$0.019 billion) from NT$2,190.1 billion (US$68.995 billion) of the previous month and amounted to NT$2,189.5 billion (US$68.976 billion). Total outstanding loans increased by NT$2.4 billion (US$0.076 billion) from NT$1,297.6 billion (US$40.878 billion) of the previous month and amounted to NT$1,300 billion (US$40.954 billion) at the end of Sep. 2022. Meanwhile, the NPLs of these credit departments totaled at NT$3.799 billion (US$0.1197 billion) which increased by NT$ 0.165 billion (US$0.0052 billion) from NT$3.634 billion (US$0.1145 billion) at the end of the previous month. The average NPL ratio of these credit departments increased by 0.01 percentage points and therefore rose to a figure of 0.29% from 0.28% of the previous month , and was down by 0.07 percentage points compared to the same month last year.

   Of the 311 credit departments , 266 NPL ratio of less than 1%, of which 48 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 43.87 percentage points and therefore fell to a figure of 1,102% from 1,145.87% 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: 2022/9/30 US$≒NT$31.743