The Financial Supervisory Commission has released that up until the end of October 2019, the loans extended to SMEs by domestic banks amounted to NT$6,745billion. The amount increased by NT$61.81 billion as compared to the amount at the end of September 2019.
Up until the end of October 2019, the loans extended to SMEs by domestic banks accounted for 61.54% of total loans extended to total enterprises , increased by 0.04 percentage points as compared to the end of September 2019 and the loans extended to SMEs by domestic banks accounted for 64.36% of total loans extended to total private enterprises and the ratio is the same as the end of September 2019.In October 2019, the average NPL ratio of the SME loans was 0.39% and the ratio is the same as the end of September 2019.
The Financial Supervisory Commission continues to encourage domestic banks to promote SME loans with risk control and management in place. The FSC will endeavor to foster a favorable banking environment for Small and Medium Enterprises.