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$ 3.1 billion (US$0.096 billion) from NT$2,189.5 billion (US$67.976 billion) of the previous month and amounted to NT$2,186.4 billion (US$67.880 billion). Total outstanding loans increased by NT$3.6 billion (US$0.112 billion) from NT$1,300 billion (US$40.36 billion) of the previous month and amounted to NT$1,303.6 billion (US$40.472 billion) at the end of Oct. 2022. Meanwhile, the NPLs of these credit departments totaled at NT$3.754 billion (US$0.1165 billion) which decreased by NT$ 0.045 billion (US$0.0014 billion) from NT$3.799 billion (US$0.1179 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.29% , and was down by 0.07 percentage points compared to the same month last year.

  Of the 311 credit departments , 269 NPL ratio of less than 1%, of which 44 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 17.61 percentage points and therefore rose to a figure of 1,119.61% from 1,102% 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: 2022/10/31 US$≒NT$32.210