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Banks' loan delinquency rate up in April

Economy 06:00 June 16, 2020

SEOUL, June 16 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans edged up in April from a month earlier, data showed Tuesday.

The rate for bank loans more than 30 days overdue stood at 0.40 percent at the end of April, up 0.01 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 0.08 percentage point, it said.

The delinquency rate for loans extended to companies also rose 0.01 percentage point on-month to 0.50 percent in April, while that for loans to households edged up 0.02 percentage point on-month to 0.29 percent, according to the data.

The corporate logos of major banks in South Korea (Yonhap)


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