Bank Loan Delinquency Ratio Rises in April on Fewer Write-offs
L'essentiel
- South Korea's bank loan delinquency ratio increased to 0.61% in April, up from 0.56% in March.
- This rise was primarily driven by a significant decrease in the write-offs of non-performing loans, despite an increase in newly overdue loans.
Résumé généré par IA
Pourquoi c'est important
The delinquency ratio on banks' won-denominated loans in South Korea increased in April. This was mainly due to a fall in the write-offs of soured loans.
SEOUL, June 18 (Yonhap) -- The delinquency ratio on loans extended by banks rose in April in South Korea due mainly to a fall in the write-offs of soured loans, data showed Thursday.
The delinquency ratio on banks' won-denominated loans stood at 0.61 percent as of end-April, up 0.05 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).
The amount of newly overdue loans came to 2.9 trillion won (US$1.92 billion) in April, up 200 billion won from the previous month.
The amount of write-offs of such loans, on the other hand, came in at 1.6 trillion won, down 2.7 trillion won over the cited period, according to the FSS.
The delinquency ratio for corporate loans came to 0.74 percent as of end-April, up 0.06 percentage point from a month earlier, and the ratio for household loans added 0.02 percentage point to 0.42 percent over the same period.
Questions ouvertes
- Why did write-offs decrease so significantly?
- What is the outlook for loan performance in the coming months?
