Taiwan domestic banks extended more loans in November

The bad loans ratio fell by 0.

The bad loans ratio fell by 0.01 percentage point, according to the FSC.

Taiwan banks’ outstanding loans increased by $2.79b (NT$87.2b) in November 2023, according to data released by the Financial Supervisory Commission (FSC).

In total, Taiwan’s 38 domestic banks now have over $1.22t (NT$38.23t) in outstanding loans as of end-November.

Total bad loans is $1.88b (NT$58.87b), a decrease of $0.09b (NT2.97b) from the previous month.

ALSO READ:Taiwan reports over 37 million active credit cards in October

This also led to a 0.01 percentage point (ppt) decrease in the average NPL ratio of the 38 banks, at 0.15% in November from 0.16% in October.

Coverage ratios of allowances for NPLs rose by 50.38 ppts and rose to 892.26%, from 841.88% in October.

(US$1 = NT$ 31.26)

Financial Supervisory Commission

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