Most Popular
-
1
NewJeans to terminate contract with Ador
-
2
Korean Air gets European nod to become Northeast Asia’s largest airline
-
3
NewJeans terminates contract with Ador, embarks on new journey
-
4
Chaos unfolds as rare November snowstorm grips Korea for 2nd day
-
5
Ador claims exclusive contracts with NewJeans still valid
-
6
Japan will pay for failing to honor promises, minister says
-
7
Firefighter holds truck driver for 45 minutes to save him from falling off bridge
-
8
Heavy, wet snow to fall more often this winter
-
9
[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors
![[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/27/20241127050102_0.jpg&u=20241128174936)
-
10
SNU professors join growing movement calling for Yoon's resignation
![[Herald Interview] Meet 1VERSE, first K-pop boy band to feature North Korean defectors](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/27/20241127050102_0.jpg&u=20241128174936)
The ratio of bad loans at South Korean banks fell in 2012 from a year earlier as they stepped up efforts to write off problem loans around the end of the year, the financial regulator said Monday.
The ratio of non-performing loans held by 18 local banks came to 1.32 percent as of the end of December last year, down 0.04 percentage point from the 1.36 percent tallied at the end of 2011, according to the Financial Supervisory Service.
The bad loan ratio had been on a downtrend since 2010, when the corresponding figure stood at 1.90 percent, the FSS said.
Last year’s fall came as the amount of debt cleared by local lenders climbed toward the end of last year, the watchdog said.
They managed to write off a combined 10.3 trillion won ($9.47 billion) in the first half, and another combined 14.6 trillion won worth of bad debts in the later six months. (Yonhap News)
The ratio of non-performing loans held by 18 local banks came to 1.32 percent as of the end of December last year, down 0.04 percentage point from the 1.36 percent tallied at the end of 2011, according to the Financial Supervisory Service.
The bad loan ratio had been on a downtrend since 2010, when the corresponding figure stood at 1.90 percent, the FSS said.
Last year’s fall came as the amount of debt cleared by local lenders climbed toward the end of last year, the watchdog said.
They managed to write off a combined 10.3 trillion won ($9.47 billion) in the first half, and another combined 14.6 trillion won worth of bad debts in the later six months. (Yonhap News)
-
Articles by Korea Herald
