第370號 2019-11-29

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$3.4 billion (US$0.11 billion) as compared to the number of previous month and amounted to NT$1,160billion (US$38.08 billion) at the end of Oct. 2019. Meanwhile, the NPLs of these credit departments totaled at NT$5.073 billion (US$0.167 billion) which decreased by NT$0.214billion (US$0.007 billion) from NT$5.287 billion (US$0.174 billion) at the end of the previous month. The average NPL ratio of these credit departments decreased by 0.02 percentage points and therefore fell to a figure of 0.44% from 0.46% of the previous month.

The coverage ratios of allowances for NPLs increased by 29.57 percentage points and therefore rose to a figure of 690.42% from 660.85% of the previous month.

The BOAF will request the credit departments to undertake measures to improve asset quality and financial structure on an ongoing basis.

Note: 2019/10/31 US$≒NT$30.462