The Korea Herald

피터빈트

Banks' loan delinquency rate inches up in October

By Yonhap

Published : Dec. 26, 2019 - 13:03

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The delinquency rate for South Korean banks' won-denominated loans edged up in October from a month earlier due to a slight hike in bad loans extended to firms and households, data showed Thursday.

The rate for bank loans more than 30-days overdue stood at 0.46 percent at the end of October, up 0.02 percentage point from a month earlier, according to the data from the Financial Supervisory Service.


(Yonhap) (Yonhap)

But compared with a year ago, the rate was down 0.12 percentage point, it said.

The delinquency rate for loans extended to companies increased 0.03 percentage point on-month to 0.60 percent in October, while that for loans to households rose 0.01 percentage point on-month to 0.29 percent, according to the data. (Yonhap)