Published:
Taipei Night Market (Vernon Raineil via Unsplash).
Value of loans extended to Taiwan’s SMEs rise in May
SME loans account for 65.4% of Taiwanese banks’ corporate loans.
Taiwan’s domestic banks have extended approximately $306.9b (NT$9.98t) loans to small and medium enterprises (SMEs) as of May, according to data from the Financial Supervisory Commission.
This is higher by $2.99b (NT$97.3b) compared to end-April.
Loans extended to SMEs by domestic banks accounted for 65.4% of total loans extended to all enterprises in Taiwan. Including only private enterprises, SME loans made up 68.75% of domestic banks’ corporate loans.
The average NPL ratio of the SME loans was 0.24% as of end-May, a 0.01 percentage point decline from end-April.
(US$ 1 = NT$32.52; as of 12 July 2024, 12:27PM)
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