Asset Quality of the Credit Departments of Farmers' and Fishermen's Associations as of the End of May 2023
- 發布日期
- 2023-07-14
- 內容
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$ 1.4 billion (US$0.045 billion) from NT$2,207.6 billion (US$71.755 billion) of the previous month and amounted to NT$2,209 billion (US$71.8 billion). Total outstanding loans increased by NT$6.5 billion (US$0.211 billion) from NT$1,328.1 billion (US$43.168 billion) of the previous month and amounted to NT$1,334.6 billion (US$43.379 billion) at the end of May 2023. Meanwhile, the NPLs of these credit departments totaled at NT$3.443 billion (US$0.112 billion) which increased by NT$ 0.001 billion (US$0.00003 billion) from NT$3.442 billion (US$0.112 billion) at the end of the previous month. The average NPL ratio of these credit departments kept flat at 0.26%, and was down by 0.03 percentage points compared to the same month last year.
Of the 311 credit departments , 275 NPL ratio of less than 1%, of which 46 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 3.08 percentage points and therefore rose to a figure of 1,309.15% from 1,306.07% of the previous month.
The BOAF will continue to maintain a firm grasp of the operational situation at credit departments, and will strengthen oversight and guidance work to continue to assist credit departments to ensure sound operations, and to maintain the stable development of agricultural finance.
Note: 2023/5/31 US$≒NT$30.766