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Banks’ loan delinquency rate rises in July

The delinquency fee for South Korean banks’ won-denominated loans rose in July as a result of a rise in overdue company loans, the monetary regulator mentioned Thursday.
The speed for financial institution loans greater than 30 days overdue stood at 0.27 % on the finish of July, up from 0.25 % the earlier month, based on the Monetary Supervisory Service (FSS).

In contrast with a 12 months earlier, the speed was down 0.09 share level in July.

The delinquency fee for company loans rose 0.03 share level on-month to 0.35 % in July, and the corresponding determine for family loans additionally gained 0.01 share level to 0.18 %.

For family lending, the delinquency fee for home-backed loans was unchanged at 0.11 % in July, and the speed for unsecured and different family loans rose 0.03 share level to 0.33 %, the FSS mentioned. (Yonhap)


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