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Banks' loan delinquency rate inches up in Feb.

All News 13:33 April 13, 2020

SEOUL, April 13 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans edged up in February from a month earlier, data showed Monday.

The rate for bank loans more than 30 days overdue stood at 0.43 percent at the end of February, up 0.02 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

But compared with a year ago, the rate was down 0.09 percentage point, it said.

The delinquency rate for loans extended to companies increased 0.04 percentage point on-month to 0.54 percent in February, while that for loans to households rose 0.01 percentage point on-month to 0.30 percent, according to the data.

Banks' loan delinquency rate inches up in Feb. - 1


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