Late April Bank Sector KRW Loan Delinquency Rate at 0.3%... Up 0.02%p from Previous Month

0.02%p Increase Compared to 0.28% at the End of March

[Asia Economy Reporter Park Sun-mi] At the end of April, the delinquency rate on won-denominated loans in the domestic banking sector slightly increased.

According to the "Status of Delinquency Rates on Won-Denominated Loans by Domestic Banks" announced by the Financial Supervisory Service on the 16th, the delinquency rate on won-denominated loans (based on principal and interest overdue for more than one month) by domestic banks as of the end of April recorded 0.30%, rising 0.02 percentage points from 0.28% at the end of March. The amount of new delinquencies in April was 1.1 trillion won, which is 200 billion won higher than in March.

Looking at the status by borrower, the corporate loan delinquency rate (0.40%) at the end of April increased by 0.03 percentage points compared to 0.37% at the end of the previous month. The delinquency rates for large corporate loans (0.39%) and small and medium-sized enterprise loans (0.40%) each rose by 0.03 percentage points compared to the end of the previous month.

The household loan delinquency rate also recorded 0.19%, up 0.01 percentage points from 0.18% at the end of the previous month. Among household loans, the delinquency rate on mortgage loans (0.12%) remained at a similar level to the previous month, but the delinquency rate on household loans excluding mortgage loans (such as unsecured loans) recorded 0.33%, rising 0.01 percentage points from 0.32% at the end of the previous month.

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