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Banks' loan delinquency rate edges down in June

All Headlines 06:00 August 02, 2018

SEOUL, Aug. 2 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans edged down in June because of a slight decline in the number of firms that failed to repay their debts, government data showed Thursday.

The rate for bank loans more than 30 days overdue stood at 0.51 percent at the end of June, down 0.11 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Compared to a year ago, the rate was down 0.08 percentage point, it said.

Banks' loan delinquency rate edges down in June - 1

The delinquency rate for loans extended to large firms fell 0.18 percentage point on-month to 0.73 percent in June.

The delinquency rate for loans to households fell 0.03 percentage point on-month to 0.25 percent at the end of June, according to the data.

The FSS said it will keep close tabs on loan delinquency trends to prevent rising market interest rates from leading to increased overdue loans.

kdh@yna.co.kr
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