Bank Loan Delinquency Rate at 0.38% in Late August... Up 0.02%p from Previous Month

Corporate Loan Delinquency Rate Up 0.03%p
Household Loan Delinquency Rate Up 0.01%p

[Asia Economy Reporter Kim Hyo-jin] The delinquency rate on won-denominated loans at domestic banks (based on principal and interest overdue for more than one month) stood at 0.38% at the end of August this year, up 0.02 percentage points from 0.36% at the end of the previous month, the Financial Supervisory Service announced on the 15th.

This is 0.13 percentage points lower than the 0.50% recorded at the end of August last year.

The amount of new delinquencies in August was 1.1 trillion won, down 200 billion won from the previous month, and the amount of delinquent loans resolved was 600 billion won, a decrease of 100 billion won compared to the previous month.

The delinquency rate for corporate loans rose 0.03 percentage points to 0.47% compared to 0.44% at the end of the previous month.

The delinquency rate for large corporate loans remained at 0.29%, the same as the previous month, while the delinquency rate for small and medium-sized enterprise (SME) loans increased by 0.03 percentage points to 0.51% from 0.47% at the end of the previous month.

The delinquency rate for small and medium-sized corporations was recorded at 0.67%, up 0.05 percentage points from 0.62% at the end of the previous month.

The delinquency rate for individual business owner loans rose 0.02 percentage points to 0.32% compared to 0.30% at the end of the previous month.

The delinquency rate for household loans was 0.27%, up 0.01 percentage points from 0.26% at the end of the previous month.

Among household loans, the delinquency rate for mortgage loans remained unchanged at 0.18% from the previous month, while the delinquency rate for household loans excluding mortgages, such as unsecured loans, rose 0.03 percentage points to 0.48% from 0.45% at the end of the previous month.

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