Delinquency ratio on bank loans rises for 2nd month in Feb.

▲ This image shows various corporate logos of commercial banks in South Korea. (Yonhap)

delinquency ratio-February tally

Delinquency ratio on bank loans rises for 2nd month in Feb.

SEOUL, April 17 (Yonhap) -- The delinquency ratio on loans extended by banks rose for the second consecutive month in February, data showed Friday.

The delinquency ratio on banks' won-denominated loans stood at 0.62 percent as of end-February, up 0.06 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

The reading marks a 0.04 percentage-point increase from the same month last year.

The delinquency rate stood at 0.5 percent in December.

The amount of newly overdue loans came to 3 trillion won (US$2.04 billion) in February, up 0.2 trillion won from the previous month.

The amount of write-offs of such loans, on the other hand, remained unchanged at 1.3 trillion won over the cited period, according to the FSS.

The delinquency ratio for corporate loans came to 0.76 percent as of end-February, up 0.09 percentage point from a month earlier, and the ratio for household loans added 0.03 percentage point to 0.45 percent over the same period.

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