TAIPEI: The latest statistics compiled by the Financial Supervisory Commission showed a slight uptick in non-performing loans (NPL) made by Taiwanese banks in China, with total bad debts amounting to NT$365 million (US$11.04 million) as of the end of November last year.
The commission’s data, released on Thursday, showed that the Bank of Taiwan added bad debts of NT$36 million in November, following bad debts of NT$52 million incurred by the Land Bank of Taiwan in October and the NT$277 million NPL racked up by Taiwan Cooperative Financial Holding Co in 2014.
Taiwanese banks reported total profits of NT$297.2 billion in the first 11 months of last year, down 2.5 percent from a year ago, driven by earnings declines of 23 percent at their Chinese branches and 11 percent at offshore banking units, the data showed.
