摘 要 民國八十年開放民營銀行後，我國金融業競爭激烈，為爭取客戶削價競爭，漠視信用風險危機，使我國金融業在經營上面臨極大的困境，尤其是逾放比的節節攀升，民國90年廣義逾放比率達11.27%，民間研究機構更顯示實際逾放比率在20%以上，國內金額龐大的不良債權，使得銀行資產品質惡化，並逐漸侵蝕淨值，甚至影響業務正常經營，鉅額之不良債權所隱藏的金融危機，將對國家經濟之成長造成負面影響。因此，若能有效管理及處分金融機構之不良債權，加速資金回收，不僅可改善我國金融機構財務體質，對整體金融體系的穩定與國家經濟成長亦有所幫助，故本文希望藉由資產管理公司、資產證券化等不良債權處理機制的研究及現況分析，能提供政府、金融機構金融改革之建議。 Abstract Ever since bank privatization in 1991, bankers tried to gain customers turned furious by ways of price war and even ignoring credit risks. What it caused was not only the extreme predicament for the overall banking industrial, but also the increasing rate of NPL (non-performing loans). In particular, the NPL ratio reached 11.27% in 1991. However, the non-government owned research organizations indicated that the NPL ratio was actually more than 20% The huge amount of non-performing loans causes the quality deterioration of banking assets, as well as the corrosion of banking net worth. Further more, it effects the banking operation. For example, jillion NPL leads to financial institutes’ conservativeness on granting loans. What follows is the credit stagnation, and venture capital liquidity inconvenience. Eventually, it harms the financial development of our nation. Therefore, it would be great to have the effective management on NPL so that we can accelerate the return of loans, improve our financial mechanism, stabilize the overall financial system, and it will benefit both the financial institution’s financial structure and enterprises management. This study expects to suggest a preventive and effective system for dealing with NPL.