Taiwanese banks' loans to SMEs reach $314.57b in September

The average non-performing loan ratio of SME loans was 0.22%.

Taiwanese banks extended $314.57b (NT$10.25t) of loans to small and medium-sized enterprises (SMEs) in September, up by $2.71b (NT$88.5b) from the previous month, according to the Financial Supervisory Commission (FSC) of Taiwan.

These accounted for 64.55% and 68.16% of total loans extended to total and private enterprises, respectively.

The average non-performing loan ratio of SME loans was 0.22%, down by 0.02 percentage points from August.

The FSC has called on domestic banks to promote SME loans with risk control and management in place.

$1 = NT$32.59