▲ A photo of the Financial Supervisory Service's logo, provided by the organization (PHOTO NOT FOR SALE) (Yonhap)

delinquency ratio-April tally

Delinquency ratio on bank loans inches up in April

SEOUL, July 3 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea edged up in April from a month earlier, preliminary data showed Monday.

The delinquency ratio on banks' won-denominated loans came to 0.37 percent as of end-April, up 0.04 percentage point from a month earlier, according to the Financial Supervisory Service (FSS).

The figure was up 0.14 percentage point from a year earlier.

The ratio of newly overdue loans in April was 0.08 percent, unchanged from March.

The delinquency ratio for corporate loans rose 0.04 percentage point on-month to 0.39 percent in April, while the figure for households went up 0.03 percentage point on-month to 0.34 percent.

The FSS said the banks' delinquency ratio is showing an upward trend after hitting a record low in June of last year as global economies have been working to normalize their monetary policies to the pre-pandemic level.

"Banks are continuing to maintain sound asset quality," the FSS said, noting that the delinquency ratio for April is lower than the figure tallied in January 2020.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]