Twelve savings banks will sell 100 billion KRW worth of unsecured personal non-performing loans (NPLs).



The Korea Federation of Savings Banks announced on the 5th that it will promote a "joint sale of unsecured personal non-performing loan asset securitization" and sell 100 billion KRW worth of NPLs from 12 savings banks to Woori Financial F&I within this month.

Korea Federation of Savings Banks

Korea Federation of Savings Banks

View original image

According to the Korea Federation of Savings Banks, the sale price rate is about 30% higher than the sale price based on the Korea Asset Management Corporation (KAMCO) purchase rate table.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing