Delinquency rates rise on defaults - News Summed Up
Delinquency rates rise on defaults

Delinquency rates rise on defaults

January 02, 2018 15:56 UTC

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Delinquency rates rise on defaults


By Ted Chen / Staff reporterA default by Ching Fu Shipbuilding Co (慶富造船) caused an uptick in total loan delinquencies among domestic banks in November last year, Financial Supervisory Commission (FSC) data showed yesterday. At the end of November, non-performing loans rose by NT$1.9 billion (US$64.13 million) to NT$81.3 billion, of which NT$1.6 billion were from state-run lenders who had participated in a syndicated loan to the troubled shipbuilder, the FSC said. At the same time, the bad debt coverage ratio fell 6.42 percentage points to 457.64 percent. Meanwhile, total profits by domestic banks as of the end of November last year rose 4.3 percent to NT$283.59 billion. In particular, profit contribution from China-based branches surged 434 percent to NT$730 million.


Source: Taipei Times January 02, 2018 15:56 UTC


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