SME Soundness on High Alert Due to High Interest Rates… IBK Delinquency Rate Hits Highest Level in Over 15 Years
4 Articles
4 Articles
It has been revealed that the loan delinquency rate of IBK Industrial Bank of Korea, which primarily lends to small and medium-sized enterprises (SMEs) and small business owners, has risen to the 1% range, reaching its highest level in over 15 years. This increase is attributed to a rise in borrowers unable to repay loans on time as their financial conditions deteriorate due to high interest rates and an economic downturn. The rise in delinquenc…
(Seoul = Yonhap News) Reporter Han Ji-hoon = It has been revealed that the loan delinquency rate of IBK Industrial Bank of Korea, a bank specializing in SMEs, has risen to the 1% range, reaching its highest level in over 15 years...
[Digital Daily Reporter Lee Ho-yeon] IBK Industrial Bank of Korea's loan delinquency rate has surpassed 1%, reaching its highest level in over 15 years. This is attributed to a surge in distressed companies unable to repay their debts due to skyrocketing interest burdens caused by high interest rates. According to the financial industry on the 27th, IBK Industrial Bank of Korea's total loan delinquency rate at the end of the third quarter of th…
Interest Hikes Increase Interest Burden on SMEs
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