Domestic Banks' Delinquency Rate at 0.41% in Late January... Up 0.04%p from Previous Month

[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 0.41% at the end of January this year, up 0.04 percentage points from 0.36% at the end of the previous month, the Financial Supervisory Service announced on the 16th. Compared to the end of January last year (0.45%), it decreased by 0.04 percentage points.

In January, the amount of new delinquencies (1.5 trillion won) exceeded the amount of delinquent loans resolved (700 billion won), resulting in an increase of 800 billion won in the balance of delinquent loans (7 trillion won).

The corporate loan delinquency rate at the end of January was 0.51%, up 0.05 percentage points from 0.45% at the end of the previous month. While the delinquency rate for large corporate loans fell by 0.13 percentage points, the delinquency rate for small and medium-sized enterprise loans rose by 0.09 percentage points.

The delinquency rate on individual business owner loans, mostly self-employed, also rose by 0.04 percentage points to 0.33% from 0.29% at the end of the previous month.

The household loan delinquency rate increased by 0.03 percentage points to 0.29% from 0.26% at the end of the previous month. The delinquency rate on mortgage loans rose by 0.01 percentage points, while the delinquency rate on household loans excluding mortgages increased by 0.06 percentage points.

Provided by the Financial Supervisory Service

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