第611號 

  Agricultural Finance Agency , Ministry of Agriculture (the AFNA) has released that total deposits extended by the current 311 Credit Departments of Farmers' and Fishermen's Associations decreased by NT$ 4.7 billion (US$0.145 billion) from NT$2,230.7 billion (US$68.808 billion) of the previous month and amounted to NT$2,226 billion (US$68.663 billion). Total outstanding loans increased by NT$5.1 billion (US$0.157 billion) from NT$1,370 billion (US$42.259 billion) of the previous month and amounted to NT$1,375.1 billion (US$42.416 billion) at the end of October 2023. Meanwhile, the NPLs of these credit departments totaled at NT$3.776 billion (US$0.1165 billion) which decreased by NT$ 0.01 billion (US$0.0003 billion) from NT$3.786 billion (US$0.1168 billion) at the end of the previous month. The average NPL ratio of these credit departments decreased by 0.01 percentage points and therefore fell to a figure of 0.27% from 0.28% of the previous month, and was down by 0.02 percentage points compared to the same month last year.

  Of the 311 credit departments , 270 NPL ratio of less than 1%, of which 43 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 9.37 percentage points and therefore rose to a figure of 1,217.40% from 1,208.03% of the previous month.

  The AFNA 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: 2023/10/31 US$≒NT$32.419