Photo by Sava Bobov via Unsplash.

Delinquency rate of South Korean banks at 0.47% in July

The volume of resolved loans was lower than in June.

The delinquency rate of South Korean banks’ won-denominated loans stood at 0.47% in end-July, rising by 0.05 percentage points (pp) from 0.42% in June.

The bad loan rate is also 0.08pp higher than the 0.39% in July 2023, according to data from the Financial Supervisory Service (FSS).

Delinquency rate on loans to large companies rose to 0.05%, from 0.04% a month earlier.

The rate for loans extended to SMEs climbed to 0.67%, from 0.58% previously.

For household loans, the delinquency rate is 0.38% for July versus 0.36% a month earlier.

The volume of resolved loans decreased by KRW2.9t compared to June.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Technology to underpin future of financial services
Banks should boost their online infrastructure as digital assets become the norm.
Funding freeze hits BNPLs
Investors are putting less cash towards BNPL providers, who already grapple with thin margins.
Bank-fintech alliance a win-win, says HSBC
Lenders can learn from disruptive tech whilst aiding its champions comply with regulations.
Tokenization of trade assets to bridge financing gap
Blockchain technology could decentralize finance operations and allow easier credit access.