Still Impacted by COVID-19?... Bank Delinquency Rate at End of March Down 0.04%p from Previous Month

[Asia Economy Reporter Kim Hyo-jin] At the end of March, the delinquency rate on won-denominated loans at domestic banks (based on principal and interest overdue by one month or more) was 0.39%, down 0.04 percentage points from the end of the previous month (0.43%), the Financial Supervisory Service announced on the 18th. Compared to the same period last year, it decreased by 0.06 percentage points.

During March, the amount of delinquent loans resolved (1.9 trillion won) exceeded the amount of new delinquencies (1.4 trillion won), resulting in a reduction of 600 billion won in the balance of delinquent loans.

The delinquency rate for corporate loans at the end of March was 0.49%, down 0.05 percentage points from the end of the previous month (0.54%).

Among corporate loans, the delinquency rate for large corporate loans was 0.35%, down 0.02 percentage points from the end of the previous month (0.38%), and the delinquency rate for small and medium-sized enterprise (SME) loans was 0.53%, down 0.05 percentage points from the end of the previous month (0.58%).

The delinquency rate for individual business owner loans was 0.33%, down 0.02 percentage points from the end of the previous month (0.35%). For small and medium-sized corporations, the delinquency rate was 0.69%, down 0.08 percentage points from the end of the previous month (0.77%).

The delinquency rate for household loans was recorded at 0.27%, down 0.03 percentage points compared to 0.30% at the end of the previous month.

The delinquency rate for mortgage loans was 0.20%, down 0.01 percentage points from the end of the previous month (0.21%).

The delinquency rate for household loans excluding mortgage loans (such as unsecured loans) was 0.44%, down 0.07 percentage points from the end of the previous month (0.51%).

This content was produced with the assistance of AI translation services.