Taiwanese banks' outstanding loans rises to $1.29t in November 2024

Non-performing loans of these banks totalled $1.98b, reflecting a $50m decrease.

The total outstanding loans extended by 38 Taiwanese banks rose by $4.93b (NT$160b) compared to the previous month, reaching $1.29t (NT$41.96t) at the end of November 2024, according to the Financial Supervisory Commission (FSC).

Meanwhile, the non-performing loans (NPLs) of these banks totalled $1.98b (NT$64.4b), reflecting a decrease of $50m (NT$1.65b) from $2b (NT$66b) at the end of October.

The average NPL ratio dropped to 0.15%, down from 0.16% the previous month, maintaining the same figure as the corresponding month in the prior year, the FSC reported.

Additionally, the coverage ratio of allowances for NPLs improved significantly, increasing by 24.39 percentage points to 881.75%, up from 857.35% in October.

The FSC said the asset quality of domestic banks remains manageable. It emphasised its ongoing requirement for banks to implement measures aimed at enhancing their asset quality and financial structures to ensure stability and resilience.

 $1 = NT$32.457 as of 7 January 2025