Taiwan domestic banks extended more loans in November

The bad loans ratio fell by 0.01 percentage point, according to the FSC.

Taiwan banks’ outstanding loans increased by $2.79b (NT$87.2b) in November 2023, according to data released by the Financial Supervisory Commission (FSC).

In total, Taiwan’s 38 domestic banks now have over $1.22t (NT$38.23t) in outstanding loans as of end-November.

Total bad loans is $1.88b (NT$58.87b), a decrease of $0.09b (NT2.97b) from the previous month.

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This also led to a 0.01 percentage point (ppt) decrease in the average NPL ratio of the 38 banks, at 0.15% in November from 0.16% in October.

Coverage ratios of allowances for NPLs rose by 50.38 ppts and rose to 892.26%, from 841.88% in October. 

(US$1 = NT$ 31.26)