Reforms yet to bite Since 1999, non-performing loans (NPLs) in the banking system have decreased noticeably. According to data released by the Ministry of Finance, the average rate of NPLs among banks in Taiwan has declined from a high of 8 % in 2002 to 3.5 % in July 2004. "Part of the reason is the trend toward normalization of profits from real estate loans," explains Victor Chang.
改革尚未竟功從一九九九年至今，金融系統的壞帳比率明顯下降，根據財政部公佈的資料顯示，台灣銀行平均不良資產（NPL）比率，已經從二○○二年 8 % 的高峰，降至今年七月的 3.5 %，「部分原因就是得利於房地產放款的趨於正常，」張欣民指出。