The Financial Supervisory Commission (the FSC) has released that total outstanding loans extended by the current 37 domestic banks increased by NT$300.6 billion (US$9.78billion) as compared to the figure of previous month and amounted to NT$28.84 trillion (US$938.2 billion) at the end of January 2019. Meanwhile, the NPLs of these banks totaled at NT$70.4 billion (US$2.29 billion) which increased by NT$2.0 billion (US$0.06 billion) from NT$68.4 billion (US$2.23 billion) as of the end of previous month.
The average NPL ratio of the 37 banks remains 0.24% compared to previous month. The coverage ratio of allowances for NPLs decreased by 5.88 percentage points and therefore descended to a figure of 569.56% from 575.44% of the previous month.
The asset quality of domestic banks continuously remained manageable according to the above figures as of the end of January 2019. The FSC will request those banks with higher NPL ratios to undertake measures to improve asset quality and financial structure on an ongoing basis.
Source: Financial Supervisory Commision R.O.C (Taiwan)