SEOUL, Aug. 22 (Yonhap) — Statistics released Tuesday show that the rate of delinquency on loans issued by banks in South Korea slightly decreased in June compared to the month before.
At the end of June, the delinquency ratio on won-denominated loans was 0.35 percent, a decrease of 0.05 percentage points from the previous month, according to the Financial Supervisory Service (FSS). This figure was 0.15 percentage points higher than the same time last year.
The ratio of newly overdue loans in June was 0.09 percent, which was 0.01 percentage points lower than the month before. The amount of newly overdue loans was 2 trillion won (US$1.49 billion).
The delinquency rate for corporate loans dropped 0.06 percentage points from May to 0.37 percent in June, and the figure for households decreased 0.04 percentage points to 0.33 percent.
The FSS noted that the banks’ delinquency ratio is not unusually high compared to before the pandemic, but they will continue to recommend that the banks maintain their financial stability in the face of a global economic slowdown and a tighter monetary policy.
The logo of the Financial Supervisory Service is seen in this image provided by the agency. (PHOTO NOT FOR SALE) (Yonhap)
nyway@yna.co.kr
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