12 Savings Banks Sell 100 Billion KRW Non-Performing Loans to Woori Financial F&I

Twelve savings banks will sell 100 billion KRW worth of unsecured personal non-performing loans (NPLs).

The Korea Federation of Savings Banks announced on the 5th that it will promote a "joint sale of unsecured personal non-performing loan asset securitization" and sell 100 billion KRW worth of NPLs from 12 savings banks to Woori Financial F&I within this month.

Korea Federation of Savings Banks

According to the Korea Federation of Savings Banks, the sale price rate is about 30% higher than the sale price based on the Korea Asset Management Corporation (KAMCO) purchase rate table.