Bank Delinquency Rate at 0.28% at End of March... Down 0.05%p from Previous Month

[Asia Economy Reporter Kim Jin-ho] As of the end of March, the delinquency rate on won-denominated loans at domestic banks (based on principal and interest overdue for more than one month) stood at 0.28%, down 0.05 percentage points from the end of the previous month.

The Financial Supervisory Service announced on the 13th the 'Status of Won-Denominated Loan Delinquency Rates at Domestic Banks as of the End of March (Provisional)' report containing this information. The delinquency rate at the end of March was 0.11 percentage points lower compared to one year ago.

The amount of newly incurred delinquencies in March was 900 billion won, a decrease of 100 billion won from the previous month. The amount of delinquent loans resolved increased by 1.4 trillion won from the previous month to reach 1.9 trillion won.

By borrower type, the delinquency rate for corporate loans (0.36%) fell by 0.07 percentage points in one month. The delinquency rates for large corporate loans (0.31%) and small and medium-sized enterprise (SME) loans (0.37%) also decreased by 0.05 percentage points and 0.07 percentage points respectively compared to the previous month. Among SMEs, the delinquency rate for small and medium-sized corporations was 0.50%, down 0.09 percentage points from the previous month.

The delinquency rate for household loans (0.18%) also declined by 0.04 percentage points. The delinquency rate for mortgage loans (0.12%) decreased by 0.02 percentage points compared to the end of the previous month. The delinquency rate for other household loans, including unsecured loans (0.32%), also fell by 0.08 percentage points.

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