Six out of 52 domestic banks have a capital adequacy ratio of less than 8 percent, according to statistics released yesterday by Central Bank of China's bank examination department.
The statistics also showed that the average capital adequacy ratio of Taiwan's banks in the first half of this year was 10.17 percent while the overdue-loan rate was 7.11 percent.
The Ministry of Finance has set the goal of domestic banks reaching a capital adequacy ratio of more than eight percent by the end of this year, or the level of minimum risk set by the Bank for International Settlement.
The six banks are Medium Business Bank of Kaohsiung District (高雄中小企銀) at -24.57 percent, Chung Shing Bank (中興銀行) at -23.05 percent, the Bank of Overseas Chinese (華僑銀行) at 4.19 percent, the Pan Asia Bank (泛亞銀行) at 6.08 percent, the Small and Medium Size Business Bank of Hualien District (花蓮中小企銀) at 6.69 percent, and the Farmers Bank of China (農民銀行) at 7.66 percent.
The central bank statistics also showed that as several banks were devoted to the writing off of bad loans during the first half of this year, their return on equity (ROE) showed negative growth.
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