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Banks' loan delinquency rate rises in April

All Headlines 12:00 June 11, 2018

SEOUL, June 11 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans rose in April because more companies were late repaying their debts, government data showed Monday.

The rate for bank loans more than 30 days overdue stood at 0.59 percent at the end of April, up 0.17 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Banks' loan delinquency rate rises in April - 1

Compared to a year ago, the rate was up 0.05 percentage point, it said.

The delinquency rate for loans extended to large firms rose 1.31 percentage points on-month to 1.76 percent in April.

The delinquency rate for loans to households edged up 0.02 percentage point to 0.27 percent at the end of April from the previous month.

kdh@yna.co.kr
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