Loan-to-deposit ratios at domestic banks hit new low of 69.93 percent in OctoberBy Kao Shih-ching / Staff reporterDomestic banks’ overall loan-to-deposit ratio (LDR) hit a new low of 69.93 percent at the end of October, from 70.07 percent in September, as deposits at the banks exceeded their lending, the Financial Supervisory Commission (FSC) reported yesterday. Combined deposits increased by NT$355 billion (US$12.77 billion) from September to NT$47.65 trillion, while total loans increased by NT$179 billion to NT$33.32 trillion, commission data showed. In October, the gap between deposits and loans increased to NT$14.33 trillion, the data showed. Profit from banks’ domestic operations increased 17 percent annually to NT$191 billion, while profit from their overseas branches increased 48 percent to NT$26 billion, the data showed. However, profit from their Chinese operations declined 33 percent to NT$3.1 billion, due to lower investment returns and higher loan-loss provisions, the commission data showed.

Source: Taipei Times December 01, 2021 00:56 UTC