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$ 4.1 billion (US$0.13 billion) from NT$2,246.3 billion (US$71.137 billion) of the previous month and amounted to NT$2,250.4 billion (US$71.267 billion). Total outstanding loans increased by NT$2 billion (US$0.063 billion) from NT$1,416.4 billion (US$44.855 billion) of the previous month and amounted to NT$1,418.4 billion (US$44.919 billion) at the end of February 2024. Meanwhile, the NPLs of these credit departments totaled at NT$3.633 billion (US$0.1151 billion) which increased by NT$ 0.118 billion (US$0.0037 billion) from NT$3.515 billion (US$0.1113 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 0.26% from 0.25% of the previous month , and kept flat at 0.26% the same month last year.

　Of the 311 credit departments , 276 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 43.79 percentage points and therefore fell to a figure of 1,361.05% from 1,404.84% 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: 2024/2/29 US$≒NT$31.577