Taiwanese banks’ total loans up 0.13% in June

Coverage ratios of allowances for NPLs rose almost 30 percentage points.

Coverage ratios of allowances for NPLs rose almost 30 percentage points.

Total outstanding loans extended by Taiwan’s 38 domestic banks rose by $1.65b (NT$53.5b) in June to $1.24t (NT$40.42t), according to data from the Financial Supervisory Commission released in August 2024.

The non-performing loans (NPLs) decreased by $0.06b (NT$2.04b) in the same month to $2b (NT$66.88b). Average NPL ratio of the 38 banks is 0.16%, a decrease from the 0.17% in May.

Coverage ratios of allowances for NPLs rose 29.89 percentage points (ppt) to 841.45% in June from 811.56% in the previous month.

Asset quality of domestic banks remained “manageable”, according to the FSC.

($1 = NT$32.45)

Financial Supervisory Commission

Financial Supervisory Commission, Taiwan

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