12 Savings Banks Sell 100 Billion KRW Non-Performing Loans to Woori Financial F&I
Twelve savings banks will sell 100 billion KRW worth of unsecured personal non-performing loans (NPLs).
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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.
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.
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