, Taiwan

Taiwan bad loans increased to $2.24b in February

The regulator says the asset quality of domestic banks remain ‘manageable’

Taiwan’s non-performing loan for domestic banks increased to $2.24b by the end of February 2022 from $2.01b last month, according to the Financial Supervisory Commission.

The average NPL ratio of the 39 banks increased by 0.02 percentage points and therefore rose to a figure of 0.18% from 0.16% of the previous month, and was down by 0.04 percentage points compared to the same month last year. The coverage ratio of allowances for NPLs stood at 730.92%. 

While the ratio decreased by 79.94 percentage points from 810.86% of the previous month, it still remained stable at a higher level.

“The asset quality of domestic banks continuously remained manageable according to the above figures as of the end of February 2022. The FSC will request banks to undertake measures to improve asset quality and financial structure on an ongoing basis,” the regulator said.

The total current loans extended by 39 domestic banks in Taiwan stood at $4.73b.

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