Asset Quality of the Credit Departments of Farmers' and Fishermen's Associations as of the End of November 2023
- 發布日期
- 2024-01-04
- 內容
第619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 increased by NT$ 7.7 billion (US$0.246 billion) from NT$2,226 billion (US$71.209 billion) of the previous month and amounted to NT$2,233.7 billion (US$71.455 billion). Total outstanding loans increased by NT$15.1 billion (US$0.483 billion) from NT$1,375.1 billion (US$43.989 billion) of the previous month and amounted to NT$1,390.2 billion (US$44.472 billion) at the end of November 2023. Meanwhile, the NPLs of these credit departments totaled at NT$3.618 billion (US$0.1157 billion) which decreased by NT$ 0.158 billion (US$0.0051 billion) from NT$3.776 billion (US$0.1208 billion) at the end of the previous month. The average NPL ratio of these credit departments decreased by 0.01 percentage points and therefore fell to a figure of 0.26% from 0.27% of the previous month, and was down by 0.03 percentage points compared to the same month last year.
Of the 311 credit departments , 269 NPL ratio of less than 1%, of which 44 had NPL ratio of 0%, indicating that loan quality was quite high. The coverage ratios of allowances for NPLs increased by 56.31 percentage points and therefore rose to a figure of 1,273.71% from 1,217.40% of the previous month.
The AFNA will continue to maintain a firm grasp of the operational situation at credit departments, and will strengthen oversight and guidance work to continue to assist credit departments to ensure sound operations, and to maintain the stable development of agricultural finance.
Note: 2023/11/30 US$≒NT$31.260