Taiwanese banks extended $395.26m SME loans in July

SME loans accounted for 64.4% of all corporate loans.

Taiwanese banks extended approximately $395.26m (NT$12.6b) new loans to small and medium enterprises in July 2024, according to data from the Financial Supervisory Commission (FSC).

In total, domestic banks have extended $341.93m (NT$10.09t) in SME loans to date.

Loans extended to SMEs by domestic banks account for 64.4% of all corporate loans, and 67.75% of loans to private enterprises.

The average non-performing loan (NPL) ratio of SME loans was 0.24% as of end-July, rising 0.01 percentage point compared to June.

(US$1 = NT$31.88)