January Bank KRW Loan Delinquency Rate at 0.23%... Up 0.02%P from Previous Month

[Asia Economy Reporter Song Hwajeong] At the end of last year, the delinquency rate on won-denominated loans at domestic banks slightly increased to 0.23%.

According to the Financial Supervisory Service on the 24th, the delinquency rate on won-denominated loans at domestic banks (based on principal and interest overdue for more than one month) was 0.23% at the end of January, up 0.02 percentage points from 0.21% at the end of the previous month. Compared to the same period last year, it decreased by 0.08 percentage points.

The amount of new delinquencies occurring in January was 800 billion won, similar to the previous month, while the amount of delinquent loans resolved was 500 billion won, down from 1.2 trillion won in the previous month.

By sector, the delinquency rate on corporate loans rose 0.02 percentage points to 0.28% from 0.26% at the end of the previous month. The delinquency rate on large corporate loans fell 0.01 percentage points to 0.24% compared to the previous month. The delinquency rate on small and medium-sized enterprise (SME) loans increased 0.02 percentage points to 0.29%, SME corporate delinquency rate rose 0.03 percentage points to 0.39%, and the delinquency rate on individual business owner loans increased 0.01 percentage points to 0.17%.

The delinquency rate on household loans rose 0.02 percentage points to 0.17% compared to the previous month. The delinquency rate on mortgage loans increased 0.01 percentage points to 0.10%, and the delinquency rate on household loans excluding mortgage loans (such as credit loans) rose 0.04 percentage points to 0.33%.

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