The bad-loan ratio for the nation’s credit cards rose slightly last month, while that for cash cards edged down, the latest figures released by the Financial Supervisory Commission showed.
Some 38 credit-card issuers averaged a 1.07 percent bad-loan ratio at the end of last month, up 0.01 percentage points month-on-month, the commission said in a press statement.
The total circulation of active cardholders climbed to 18.77 million last month, slightly up from 18.74 million in the previous month, with NT$120.3 billion (US$3.73 billion) in outstanding loans — a rise of NT$1.9 billion month-on-month — it said.
No credit-card issuer had a bad-loan ratio above 3 percent except for Chinfon Commercial Bank (慶豐銀行), whose bad-loan ratio was 6.25 percent.
Meanwhile, 18 cash-card issuers averaged a 2.405 percent bad-loan ratio last month, a drop of 0.127 percentage points from October, the commission said.
Outstanding loans totaled NT$66.8 billion last month, NT$1.6 billion down month-on-month, data showed.
Chinfon and Union Bank of Taiwan (聯邦銀行) continued to have the highest bad-loan ratios at 35.47 percent and 21.871 percent respectively and have stopped issuing new cards while the remaining 16 issuers maintained their bad-loan ratio below 3 percent, commission data found.
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