Domestic Banks' Delinquency Rate at 0.25% at End of November... Up 0.01%P
Only Large Corporate Loan Delinquency Rate Drops by 0.01%P... Others Rise
[Asia Economy Reporter Park Sun-mi] The delinquency rate (based on principal and interest overdue for more than one month) of domestic banks slightly increased as of the end of November last year.
On the 13th, the Financial Supervisory Service announced in the 'Status of Won-denominated Loan Delinquency Rates of Domestic Banks as of the End of November 2021' that the delinquency rate stood at 0.25% as of the end of November, up 0.01 percentage points from the end of the previous month.
The amount of newly occurred delinquencies in November was 900 billion KRW, similar to the previous month (900 billion KRW), and the amount of delinquent loan resolution was 700 billion KRW, an increase of 100 billion KRW compared to the previous month (600 billion KRW).
By sector, only the delinquency rate for large corporate loans decreased by 0.01 percentage points, while the others increased.
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The delinquency rate for small and medium-sized enterprise loans recorded 0.33%, up 0.01 percentage points from the end of the previous month. Among household loans, the delinquency rate for mortgage loans (0.11%) remained at the same level as the previous month, while the delinquency rate for unsecured loans rose 0.03 percentage points to 0.36%.
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