News

Lending & Credit

Staff Reporter

, Taiwan

Published:

11 months ago

Photo by Thomas Tucker via Unsplash.

Taiwan’s domestic banks extended $300.7b in SME loans

This accounts for 65% of all loans extended to all enterprises.

Taiwan’s domestic banks extended NT9.809t (approximately $300.72b) in loans to small and medium enterprises (SMEs) as of end-February 2024.

This is higher by NT$39.2b compared to January, according to data released by Taiwan’s Financial Supervisory Commission (FSC).

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Loans extended to SMEs by domestic banks account for 65.6% of total loans extended to companies and private corporations.

In February, the average nonperforming loans (NPL) ratio of SME loans was 0.24%, the same as in January.

(US$1 = NT32.62; as of 11:32 AM, 22 April 2024)

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