No.312 2018-5-31

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$3.6 billion (US$0.12 billion) as compared to the number of previous month and amounted to NT$1,082 billion (US$36.55 billion) at the end of Apr. 2018. Meanwhile, the NPLs of these credit departments totaled at NT$5.2 billion (US$0.177 billion) which increased by NT$0.1 billion (US$0.004 billion) from NT$5.1 billion (US$0.173 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.48% , compared to that at the end of previous month.

The coverage ratios of allowances for NPLs decreased by 11.52 percentage points and therefore fell to a figure of 628.18% from 639.70% 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: 2018/4/30 US$≒NT$29.605