第 375 號 2020-2-11

   The Bureau of Agricultural Finance, Council of Agriculture, Executive Yuan (the BOAF) has released that total outstanding loans extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations increased by NT$48.4 billion (US$1.61 billion) from NT$1,125 billion (US$37.37 billion) of the previous year and amounted to NT$1,173 billion (US$38.96 billion) at the end of 2019. Meanwhile, the NPLs of these credit departments totaled at NT$5.044 billion (US$0.168 billion) which decreased by NT$ 0.052 billion (US$0.002 billion) from NT$5.096 billion (US$0.169billion) at the end of the previous year. The average NPL ratio of these credit departments decreased by 0.02 percentage points and therefore fell to a figure of 0.43% from 0.45% of the previous year.

   Of the 311 credit departments , 261 had non-performing loan ratios of less than 1%, of which 53 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 54.31 percentage points and therefore rose to a figure of 727.78% from 673.47% of the previous year.

   According to the above figures as of the end of 2019, the operational structure of credit departments has significantly improved. 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: 2019/12/31 US$≒NT$30.106