June End Domestic Banks' KRW Loan Delinquency Rate at 0.33%
Down 0.09 Percentage Points from Previous Month End (0.42%)
[Asia Economy Reporter Kim Hyo-jin] The delinquency rate on won-denominated loans at domestic banks, based on principal and interest overdue by more than one month, stood at 0.33% at the end of June this year, down 0.09 percentage points from 0.42% at the end of the previous month, the Financial Supervisory Service announced on the 12th.
This was due to new delinquencies amounting to 1.1 trillion won in June, a decrease of 100 billion won compared to the previous month, and the amount of delinquent loans resolved reaching 2.8 trillion won, an increase of 2 trillion won from the previous month.
During this period, the delinquency rate for corporate loans was 0.39%, down 0.13 percentage points from 0.52% at the end of the previous month. The delinquency rate for large corporate loans was recorded at 0.21%, a decrease of 0.04 percentage points compared to 0.24% at the end of the previous month.
The delinquency rate for small and medium-sized enterprise (SME) loans was 0.44%, down 0.15 percentage points from 0.59% at the end of the previous month. The delinquency rates for small and medium-sized corporations (0.56%) and individual business loans (0.29%) also fell by 0.20 percentage points and 0.08 percentage points, respectively, compared to the end of the previous month.
The delinquency rate for household loans also decreased by 0.05 percentage points from 0.30% at the end of the previous month to 0.25%. Among household loans, the delinquency rate for mortgage loans was 0.17%, down 0.03 percentage points from 0.20% at the end of the previous month, while the delinquency rate for credit loans excluding mortgages was 0.42%, down 0.12 percentage points from 0.53% at the end of the previous month.
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