Go to Contents Go to Navigation

Banks' loan delinquency rate edges down in March

All Headlines 06:00 May 16, 2019

SEOUL, May 16 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans edged down in March because of a slight decline in the number of firms and households that failed to repay their debts, data showed Thursday.

The rate for bank loans more than 30 days overdue stood at 0.46 percent at the end of March, down 0.06 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 down in March - 1

The delinquency rate for loans extended to firms fell 0.08 percentage point on-month to 0.59 percent in March.

The delinquency rate for loans to households also declined 0.04 percentage point on-month to 0.29 percent at the end of March, 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.
(END)

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