第441號  2021-4-7

The Bureau of Agricultural Finance, Council of Agriculture, Executive Yuan (the BOAF) has released that total deposits extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations increased by NT$ 9.5 billion (US$0.335 billion) from NT$2,020.5billion (US$71.381 billion) of the previous month and amounted to NT$2,030 billion (US$71.716 billion). Total outstanding loans increased by NT$2.6 billion (US$0.092 billion) from NT$1,226.4 billion (US$43.326 billion) of the previous month and amounted to NT$1,229 $illion (US$43.418 billion) at the end of Feb. 2021. Meanwhile, the NPLs of these credit departments totaled at NT$4.61 billion (US$0.163 billion) which decreased by NT$ 0.06 billion (US$0.002 billion) from NT$4.67 billion (US$0.165 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.38%.

Of the 311 credit departments , 258 had non-performing loan ratios of less than 1%, of which 48 had non-performing loan ratios of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 9.92 percentage points and therefore fell to a figure of 842.29% from 832.37% of the previous month.

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: 2021/2/28 US$≒NT$28.306