第348號 2019-3-8

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$5.5 billion (US$0.189 billion) as compared to the number of previous month and amounted to NT$1,130 billion (US$38.77 billion) at the end of Jan. 2019. Meanwhile, the NPLs of these credit departments totaled at NT$5.303 billion (US$0.182 billion) which increased by NT$0.207 billion (US$0.007 billion) from NT$5.096 billion (US$0.175 billion) at the end of the previous month. The average NPL ratio of these credit departments increased by 0.02 percentage points and therefore rose to a figure of 0.47% from 0.45% of the previous month.

The coverage ratios of allowances for NPLs decreased by 25.13 percentage points and therefore fell to a figure of 648.34% from 673.47% 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: 2019/1/31 US$≒NT$29.15