Delinquency Ratio on Bank Loans up for 2nd Month in August
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5 Articles
The margin of increase in bank loan delinquency rates widened at the end of last August. This is attributed to the impact of the restructuring of JoongAng Group affiliates. According to an announcement by the Financial Supervisory Service on the 23rd, the delinquency rate for won-denominated loans at domestic banks was provisionally tallied at 0.69% at the end of August. This is 0.08 percentage points higher than a year ago. July
Delinquency ratio on bank loans up for 2nd month in August
The delinquency ratio on loans extended by banks rose for the second consecutive month in August, data showed Friday. The delinquency numbers on banks' won-denominated loans stood at 0.69 percent as of end-August, up 0.06 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS). The amount of newly overdue loans came to 3 trillion won ($2.26 billion) in August, down 0.2 trillion won from the previ…
The loan delinquency rate of domestic banks rose for two consecutive months, reaching its highest level in 10 years for the month of August. According to the Financial Supervisory Service on the 23rd, the delinquency rate for won-denominated loans at domestic banks (based on principal and interest overdue for more than one month) stood at 0.69% at the end of August, up 0.06 percentage points from the previous month (0.63%). Compared to a year ag…
(Seoul = Yonhap News) Reporter Kang Ryu-na = The delinquency rate on won-denominated loans at domestic banks reached its highest level in about 10 years in August of this year.
SMEs 1.00% · Large Corporations 0.39% · Households 0.45% · Non-mortgage 0.91% FSS: “Below Long-term Average, Manageable” The delinquency rate for won-denominated loans at domestic banks has approached 0.7%, rising to its highest level in 9 years and 10 months. It appears that delinquency rates have risen across both corporate and household loans as repayment burdens accumulate due to prolonged high interest rates. According to the ‘Status of Dom…
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