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　Agricultural Finance Agency , Ministry of Agriculture (the AFNA) has released that total deposits extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations increased by NT$ 3.6 billion (US$0.115 billion) from NT$2,220.4 billion (US$70.645 billion) of the previous month and amounted to NT$2,224 billion (US$70.760 billion). Total outstanding loans increased by NT$10.5 billion (US$0.334 billion) from NT$1,339.6 billion (US$42.622 billion) of the previous month and amounted to NT$1,350.1 billion (US$42.956 billion) at the end of July 2023. Meanwhile, the NPLs of these credit departments totaled at NT$3.761 billion (US$0.120 billion) which increased by NT$ 0.068 billion (US$0.002 billion) from NT$3.693 billion (US$0.118 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.28% at the previous month and the same month last year.

　Of the 311 credit departments , 274 NPL ratio of less than 1%, of which 43 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 18.47 percentage points and therefore fell to a figure of 1,205.93% from 1,224.40% of the previous month.

　The AFNA 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: 2023/7/31 US$≒NT$31.430