The Taiwan Financial Services Commission (FSC) released end-January 2025 asset quality statistics for Taiwan’s 38 domestic banks, showing continued loan growth alongside a slight increase in non-performing loans (NPLs). Total outstanding loans rose to NT$42.6 trillion (USD 1,303 billion), while NPLs increased to NT$68.5 billion (USD 2.1 billion) and the average NPL ratio edged up to 0.16%. Month on month, loans expanded by NT$389 billion (USD 11.89 billion) and NPLs rose by NT$7.1 billion (USD 0.22 billion) from NT$61.4 billion (USD 1.88 billion), lifting the NPL ratio by 0.01 percentage points from 0.15%; the ratio was also 0.01 percentage points higher than the same month last year. The coverage ratio of allowances for NPLs fell by 89.62 percentage points to 845.58% from 935.2%. The FSC described domestic banks’ asset quality as manageable and indicated it will continue requiring banks to take measures to improve asset quality and financial structure.