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delinquency ratio-June tally

Delinquency ratio on bank loans inches down in June

SEOUL, Aug. 22 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea edged down in June from a month earlier, preliminary data showed Tuesday.

The delinquency ratio on banks' won-denominated loans came to 0.35 percent as of end-June, down 0.05 percentage point from a month earlier, according to the Financial Supervisory Service (FSS).

The figure was up 0.15 percentage point from a year earlier.

The ratio of newly overdue loans in June was 0.09 percent, down 0.01 percentage point from the previous month. The value of newly overdue loans was 2 trillion won (US$1.49 billion).

The delinquency ratio for corporate loans fell 0.06 percentage point on-month to 0.37 percent in June, and the figure for households dropped 0.04 percentage point on-month to 0.33 percent.

The FSS said the banks' delinquency ratio is not particularly higher compared with the pre-pandemic level but will keep recommending that the banks manage their financial soundness amid the global economic slowdown and tightening monetary policy.

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