, Taiwan

Taiwan’s bad loans shrank by $2.03b in January

NPL ratio for 39 domestic banks is now at 0.16%.

Non-performing loans (NPL) of 39 banks in Taiwan shrank by 4% to $2.03b in January compared to $2.11b in the previous month, according to data released by Taiwan’s Financial Supervisory Commission.

The total outstanding loans extended by the current 39 domestic banks increased by $19.17b as compared to the figures in December. Total outstanding loans are now at $1.22t by the end of January 2022.

Coverage ratios of allowances for NPLs increased by 34.62 percentage points, rising to 819.86% from 776.24% in December. The asset quality of domestic banks continuously remained manageable according to the above figures as of the end of January 2022. The FSC said it will request banks to undertake measures to improve asset quality and financial structure on an ongoing basis.

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