Corporate and Household Bank Loan Delinquency Rate Falls in June to 0.33%, a Historic Low
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.
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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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