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Statistics of Credit Card & Cash Card & Electronic Stored Value Cards Business Operation as of September 2016

1. Credit card:
As of September 2016, thirty-six credit card issuing institutions were in operation in Taiwan. The number of effective cards totaled 39.95 million (39.64 million at the end of August 2016) among which the total active cards numbered in 26.43 million (26.23 million at the end of August 2016). The balance of revolving credit was NT$107.2 billion (NT$106.6 billion at the end of August 2016). The amount of undue balance of installment was approximately NT$94 billion (97.2 billion at the end of August 2016). The amount of monthly retail sales was approximately NT$187.5 billion that decreased by NT$26.3 billion as compared to NT$213.8 billion of August 2016. The amount of monthly write-off was in the neighborhood of NT$0.39 billion (NT$0.37 billion for August 2016). Average ratio of delinquency credit (pass-due over three months) against account receivables (including non-accrual amounts) was 0.25% (0.25% at the end of August 2016) (Please see Attachment 1).
2. Cash card:
As of September 2016, seventeen financial institutions were engaged in issuing cash cards in Taiwan. Total number of effective cash cards was 0.43 million (0.44 million at the end of August 2016). Total balance of cash card loans (including non-accrual amounts) was NT$20.9 billion (NT$21.1 billion at the end of August 2016). The amount of monthly write-off was in the neighborhood of NT$0.04 billion (NT$0.04 billion for August 2016). The overall delinquency ratio was down from 1.103% of August 2016 to 1.084% (Please see Attachment 2).
3. Electronic Stored Value Card:
As of September 2016, four specializing electronic stored value card institutions and two commercial banks are engaging in electronic stored value card business in Taiwan. The number of effective cards totaled 77.36 million (76.53 million at the end of August 2016). The amount of monthly retail sales was approximately NT$6.01 billion (NT$6.57 billion for August 2016). The balance of stored value was NT$6.76 billion (NT$6.68 billion at the end of August 2016) (Please see Attachment 3).
4. Supervisory Measures:
In accordance with the current regulations, the FSC is required to undertake supervisory measures on a financial institution with a delinquency ratio of over 3% for its credit card or cash card operations.
(1) Credit cards:All the card-issuing institutions had delinquency ratios below 3%.
 (2) Cash cards:All the card-issuing institutions had delinquency ratios below 3%.
5. Attachments 4 to 6 please see the major business information concerning credit cards, cash cards and electronic stored value cards as of September 2016.
 

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Visitor: 2460   Update: 2016-11-03
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