Photo by Daniel Honies via Unsplash.

Taiwanese banks extended $169.21m in SME loans in October

Loans extended to SMEs accounted for 64.2% of total loans.

Taiwan’s domestic banks held $315.84b (NT$10.27t) of loans extended to small and medium enterprises (SMEs) as of end-October 2024– with a new $169.21m (NT$5.5b) of loans extended during the month compared to September, data from the Financial Supervisory Commission showed.

Loans extended to SMEs by domestic banks accounted for 64.2% and 67.83% of total loans extended to total enterprises and private enterprises, respectively. This is 0.35 and 0.33 percentage points (ppts) lower than in September.

Average non-performing loan (NPL) ratio of the SME loans was 0.25%, a 0.03 ppt increase compared to the end of the previous month. 

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