January Domestic Bank Delinquency Rate at 0.31%... Up 0.06%p from Previous Month

In January, the delinquency rate on won-denominated loans at domestic banks recorded 0.31%, rising by 0.06 percentage points compared to the previous month. This figure is 0.08 percentage points higher than the same period last year.

According to the "Status of Won-Denominated Loan Delinquency Rates at Domestic Banks" released by the Financial Supervisory Service on the 16th, the amount of new delinquencies in January reached 1.9 trillion won, an increase of 300 billion won from the previous month. The new delinquency rate was 0.09%, up 0.02 percentage points from the previous month and 0.05 percentage points from the previous year. The new delinquency rate has been on an upward trend since September last year (0.05%), rising to 0.06% in October and November, and 0.07% in December.

The delinquency rate for corporate loans stood at 0.34% as of January, increasing by 0.07 percentage points from the previous month. The delinquency rate for large corporate loans rose by 0.04 percentage points to 0.09%, while the delinquency rate for small and medium-sized enterprise loans increased by 0.07 percentage points to 0.39%.

The delinquency rate for household loans also rose by 0.04 percentage points from the previous month to 0.28%. The delinquency rate for mortgage loans increased by 0.03 percentage points to 0.18%, and the delinquency rate for loans excluding mortgage loans, such as unsecured loans, rose by 0.09 percentage points to 0.55%.

[Image source=Yonhap News]

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