Taiwanese banks’ total loans up 0.13% in June

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)