Bad loan ratio expected to peak soon in Taiwan

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00017710-bad-loan-ratio-expected-to-peak-soon-in-t/

Taiwan continues to see dramatic soaring in the amount of bad loans ? an issue that may not correct itself until the middle of 2007, according to an article in the Taipei Times. The amount of non-performing loans surged by NT$13.2 billion (US$412.6 million) to a total of NT$410.1 billion (US$12.8 billion).

There is a brief silver lining: the credit crunch has helped to reduce the number of credit cards currently in circulation down to 3.03 million.

You can read more about this story at Bad loan ratio expected to peak soon, financial regulator says.