Slight Increase in SME Bank Loan Delinquency Rate

Household Loan Delinquency Rate Also Rises by 0.01%p

[Asia Economy Reporter Kim Hyo-jin] The delinquency rate on Korean won loans at domestic banks (based on principal and interest overdue by more than one month) stood at 0.34% at the end of November last year, the same level as the previous month, the Financial Supervisory Service announced on the 14th.

The amount of new delinquencies in November was 1 trillion won, down 300 billion won from the previous month, while the amount of delinquent loans resolved was 1 trillion won, up 400 billion won from the previous month.

By borrower type, the delinquency rate for corporate loans was 0.43%, similar to the previous month. The delinquency rate for large corporate loans was also at the previous month's level of 0.28%.

The delinquency rate for small and medium-sized enterprise (SME) loans rose by 0.01 percentage points from the previous month to 0.46%. The delinquency rate for small and medium-sized corporations also increased by 0.01 percentage points from the previous month to 0.62%.

The delinquency rate for individual business owner loans was 0.27%, the same as the previous month.

The delinquency rate for household loans rose by 0.01 percentage points from the previous month to 0.24%. Among household loans, the delinquency rate for mortgage loans was 0.16%, unchanged from the previous month, while the delinquency rate for credit loans excluding mortgages increased by 0.02 percentage points from the previous month to 0.42%.

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