Regulations Governing the Procedures for Banking Institutions to Evaluate Assets and Deal with Non-performing/Non-accrual Loans Article 17-1

The minimum loan loss provision and reserves against liability on guarantees of Category One for a bank that is calculated based on Paragraph 1 of Article 5 amended on January 28, 2014, shall be allocated sufficiently within one year of the execution of the amendment. As long as a bank posses the legitimate reasons and acquires the concurrence of a board of director meeting, prior to the expiry date, the bank may apply to the Competent Authority for extension no longer than one year.For a foreign bank branch in Taiwan, the duties of the board of directors prescribed in the proviso of the preceding paragraph, will be fulfilled by an officer authorized by its head office.