Korean banks’ delinquency ratio drops to 0.39% in September

The bad loan rate of corporates rose compared to August.

The delinquency rate of domestic banks’ won-denominated (WD) loans stood at 0.39% by end-September, a 0.04 percentage point (ppt) decrease from a month earlier, according to data from the Financial Supervisory Service.

This follows after the volume of resolved loans expanded by KRW1.6t between August and September, whilst newly delinquent loans remained the same over the two months.

Delinquency rate of loans extended to corporates climbed to 0.14% in September, from 0.13% in August.

ALSO READ: South Korean financial firms to tighten lending standards in Q4: survey

Meanwhile, the rate of bad loans of households was 0.35%, a 0.03 ppt decrease compared to in August.

Compared to September 2022, the overall delinquency rate is 0.18 ppt higher.

Also Read

Malaysia's private sector credit grows 5.4% in April

Hong Kong mortgage loans drawdown rises by 9.9%

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia