Taiwan banks’ loans up by $10.78b in January: FSC

The bad loans ratio rose to 0.15%.

Taiwanese domestic banks extended US$1.24t loans in January, according to data from the Financial Supervisory Commission.

Outstanding loans extended by 38 domestic banks rose by $10.78b during the month compared to December 2023, FSC data showed.

Non-performing loans (NPLs) also rose by $90.92m, rising to $1.85b in January. As a result, the average NPL ratio of the 38 banks inched up by 0.01 percentage point (ppt) to 0.15%.

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Overall, the asset quality of domestic banks continuously remained manageable according to the above figures as of the end of January 2024, FSC said.

FSC said that it will request banks to undertake measures to improve asset quality and financial structure on an ongoing basis.

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Financial Supervisory Commission

Financial Supervisory Commission, Taiwan

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