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Bank loan delinquency ratio rises for second month
The delinquency ratio on South Korean bank loans increased to 0.67 percent as of end-May, up 0.06 percentage point from the prior month. Newly overdue loans reached 3.3 trillion won while write-offs totaled 1.5 trillion won.
Jul 21, 5:00 PM·1m read1 source
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The delinquency ratio on loans extended by banks rose for a second consecutive month in May due mainly to a rise in newly soured loans, data showed Wednesday. The delinquency ratio on banks' won-denominated loans stood at 0.67 percent as of end-May, up 0.06 percentage point from a month earlier, according to the data from the Financial Supervisory Service.
The amount of newly overdue loans came to 3.3 trillion won in May, up 400 billion won from the previous month. The amount of write-offs of such loans, on the other hand, came in at 1.5 trillion won, down 100 billion won over the cited period, according to the Financial Supervisory Service.
The delinquency ratio for corporate loans came to 0.84 percent as of end-May, up 0.1 percentage point from a month earlier. The ratio for household loans added 0.03 percentage point to 0.45 percent over the same period.
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