Taipei, Dec. 3, 2012 (CENS)--Loans extended by 38 domestic banks in Taiwan to small and medium enterprises (SMEs) hit a new high of NT$4.35 trillion (US$145 billion) as of the end of October, 2012, up NT$279.5 billion (US$9.32 billion) from that posted at the end of last year and exceeding the target set of NT$220 billion (US$7.33 billion) for the full year, according to the statistics released by Financial Supervisory Commission (FSC).
In the same period the outstanding loans extended to SMEs accounted for 49.21% of the total and 52.96% of the loans offered to private enterprises, with the former rising 2.41 percentage points and the latter 1.61 percentage points from the corresponding figures recorded at the end of last year.
Among the domestic banks, six extended loans to SMEs over NT$20 billion (US$666.67 million) each in the first 10 months, including Land Bank of Taiwan (NT$27.5 billion or US$916.67 million), First Commercial Bank (NT$26 billion or US$866.67 million), Taiwan Shin Kong Commercial Bank and E. Sun Bank (each NT$24.5 billion or US$816.67 million), Taichung Commercial Bank (NT$20.9 billion or US$696.67 million) and Mega International Commercial Bank (NT$20.2 billion or US$673.33 million). (by Judy Li)