In addition, as the financial problem of the grassroots co-ops is less severe than that of the entire banking system, it only makes sense to tackle the grassroots co-ops first, Yu said.
According to Yu, the amount of the NPLs incurred by grassroots co-ops stands at about NT$180 billion this year, while that of the entire banking system is recorded at NT$1.8 trillion.
June's statistics from the Bureau of Monetary Affairs state that the government needs at least NT$1 trillion to deal with the NPLs of the entire banking system and the grassroots credit units' account for NT$67.3 billion of the nation's NPLs.
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