Go to Contents Go to Navigation

Banks' loan delinquency rate edges up in November

All News 06:00 January 03, 2018

SEOUL, Jan. 3 (Yonhap) -- The delinquency rate of South Korean banks' won-denominated loans edged up in November 2017 due to a slight rise in the number of people who failed to repay their debts, government data showed Wednesday.

The rate for bank loans more than 30 days overdue stood at 0.49 percent at the end of November, up 0.01 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Compared to a year ago, however, the rate was down 0.15 percentage point, it said.

The FSS attributed the marginal increase in newly delinquent loans to the rise in people not meeting their payment dates.

The delinquency rate of loans extended to large firms stood at 0.42 percent at the end of November, up 0.01 percentage point from October. That of loans to households also rose 0.01 percentage point on-month to 0.28 percent at the end of November, according to the data.
(END)

HOME TOP
Send Feedback
How can we improve?
Thanks for your feedback!