▲ This file photo, taken Oct. 29, 2023, shows a sign about a bank's loan programs on the exterior of the lender in Seoul. (Yonhap)

delinquency ratio-September tally

Delinquency ratio on bank loans falls in September

SEOUL, Nov. 22 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea fell from a month earlier in September, with the ratio for both corporate and household loans dropping, data showed Wednesday.

The delinquency ratio on bank's won-denominated loans came to 0.39 percent as of end-September, down 0.04 percentage point from a month before, according to the data from the Financial Supervisory Service (FSS).

From the same month last year, the figure marks a 0.18 percentage-point increase.

The FSS attributed the on-month drop to a sharp increase in the amount of resolved loans to 3 trillion won in September from 1.4 trillion won the previous month.

The value of newly overdue loans came to 2.2 trillion won in September, the same as the previous month, according to the FSS. The ratio of newly overdue loans stood at 0.1 percent, also unchanged over the cited period.

The delinquency ratio for corporate loans came to 0.42 percent at end-September, down 0.05 percentage point from a month earlier. The ratio for household loans slipped 0.03 percentage point to 0.35 percent over the cited period.

"The end-September delinquency ratio dropped from the previous month, but the ratio of newly overdue loans continues to remain high, requiring efforts to prepare for a possible increase in the delinquency ratio in the future," the FSS said in a press release, while also stressing the need for banks to "preemptively manage risks" so that an increase in the ratio will not lead to a short supply of funds.

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