Balance of Taiwan’s cash card loans is $372.4b in April

There are 0.3 million cash cards recorded during the month.

The total balance of cash card loans held by financial institutions in Taiwan fell to US$327.4b (NT$10.6b) in April, around the same amount as the US$330b (NT$10.7b) in March, according to data from the Financial Supervisory Commission (FSC).

A total of 0.3 million effective cash cards were recorded, around the same number as in March.

The amount of monthly write-off was approximately NT$31m in April, compared to NT$30m in March. 

Delinquency ratio remained nearly the same at 1.269%, compared to 1.267% in March, the FSC said. 

In the same month, the balance of revolving credit held by Taiwanese credit card institutions rose to NT$109.5b in April, 2.05% higher than the NT$107.3b balance held in end-March.