NPL Ratio for Domestic Banks as of the End of May 2020
2020-06-30
The Financial Supervisory Commission (the FSC) has released that total outstanding loans extended by the current 36 domestic banks increased by NT$242.1billion (US$8.06billion) as compared to the figure of previous month and amounted to NT$30.63 trillion (US$1,019.91billion) at the end of May 2020. Meanwhile, the NPLs of these banks totaled at NT$74.9billion (US$2.49billion) which increased by NT$1.2billion (US$39.96 million) from NT$73.7billion (US$2.45 billion) as of the end of the previous month.
The average NPL ratio of the 36 banks remained at 0.24% compared to previous month, and remained the same ratio as the same month last year. The coverage ratio of allowances for NPLs stood at 563.14%. While the ratio decreased by 8.70 percentage points from 571.84% of the previous month, it still remained stable at a higher level.
The asset quality of domestic banks continuously remained manageable according to the above figures as of the end of May 2020. The FSC will request banks to undertake measures to improve asset quality and financial structure on an ongoing basis.
Note: US$≒NT$ 30.032
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2020-06-30