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$ 0.7 billion (US$0.023 billion) from NT$2,200.1 billion (US$73.210 billion) of the previous month and amounted to NT$2,199.4 billion (US$73.186 billion). Total outstanding loans increased by NT$1.4 billion (US$0.047 billion) from NT$1,316.3 billion (US$43.801 billion) of the previous month and amounted to NT$1,317.7 billion (US$43.847 billion) at the end of Jan. 2023. Meanwhile, the NPLs of these credit departments totaled at NT$3.499 billion (US$0.1164 billion) which increased by NT$ 0.052 billion (US$0.0017 billion) from NT$3.447 billion (US$0.1147 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 0.27% from 0.26% of the previous month, and was down by 0.05 percentage points compared to the same month last year.

   Of the 311 credit departments , 277 NPL ratio of less than 1%, of which 53 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 18.39 percentage points and therefore fell to a figure of 1,278.74% from 1,297.13% 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: 2023/1/31 US$≒NT$30.052