Delinquency rate on bank loans rises to 0.56 pct in Jan.

▲ A passerby walks past a poster promoting home mortgage loans put up at a bank in central Seoul, in this June 15, 2025, file photo. (Yonhap)

delinquency rate-January tally

Delinquency rate on bank loans rises to 0.56 pct in Jan.

SEOUL, March 20 (Yonhap) -- The delinquency rate on loans extended by local banks increased in January due to a rise in newly soured debts, data showed Friday.

The delinquency rate on banks' won-denominated loans came to 0.56 percent last month, up 0.06 percentage point from the previous month, according to preliminary data from the Financial Supervisory Service (FSS).

The amount of newly delinquent loans came to 2.8 trillion won (US$1.87 billion) in January, up 0.4 trillion won from the previous month.

The amount of write-offs of bad loans stood at 1.3 trillion won in the month, down 3.8 trillion won over the cited period, the data showed.

The delinquency rate on corporate loans stood at 0.67 percent last month, up 0.08 percentage point from a month before.

The rate on household loans rose by 0.04 percentage point to 0.42 percent over the cited period, the FSS said.

(END)

(C) Yonhap News Agency. All Rights Reserved