農業金融署

第666號

　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$ 11.2 billion (US$0.35 billion) from NT$2,266.5 billion (US$70.961 billion) of the previous month and amounted to NT$2,277.7 billion (US$71.311 billion). Total outstanding loans increased by NT$8.1 billion (US$0.253 billion) from NT$1,473.3 billion (US$46.127 billion) of the previous month and amounted to NT$1,481.4 billion (US$46.38 billion) at the end of August 2024. Meanwhile, the NPLs of these credit departments totaled at NT$4.048 billion (US$0.1267 billion) which increased by NT$ 0.139 billion (US$0.0043 billion) from NT$3.909 billion (US$0.1223 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.27%.

　Of the 311 credit departments , 275 NPL ratio of less than 1%, of which 40 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs decreased by 39.3 percentage points and therefore fell to a figure of 1,242.89% from 1,282.19% 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: 2024/8/30 US$≒NT$31.94