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Banks' loan delinquency rate edges up in February

All Headlines 12:00 April 10, 2019

SEOUL, April 10 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans edged up in February due to a slight rise in the number of firms and households that failed to repay their debts, data showed Wednesday.

The rate for bank loans more than 30 days overdue stood at 0.52 percent at the end of February, up 0.07 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Compared with a year ago, the rate was up 0.04 percentage point, the FSS said.

Banks' loan delinquency rate edges up in February - 1

The delinquency rate for loans extended to firms rose 0.08 percentage point on-month to 0.68 percent in February.

The delinquency rate for loans to households also rose 0.05 percentage point on-month to 0.33 percent at the end of February, 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 more overdue loans.

kdh@yna.co.kr
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