Taiwan banks’ overdue loan ratio down in June

As of the end of June, Taiwan banks’ outstanding loans amounted to NT$18.11 trillion (US$589.04 billion), up NT$119 billion over a month earlier, while their overdue loans stood at NT$281.2 billion, down NT$8.7 billion, the commission said. Of Taiwan’s 37 banks, a total of 36 had outstanding loan ratios of lower than 5 percent, including 29 with outstanding loan ratios of under 2.5 percent, according to the commission.

It said that Taiwan banks’ outstanding loan ratio has been declining gradually since July 2007 when the figure stood at 2.35 percent. The commission added that it will continue to monitor banks with high outstanding loan ratios and take active steps to improve the quality of their assets and financial structures.

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