Korean banks’ delinquency ratio drops to 0.39% in September

The bad loan rate of corporates rose compared to August.

The delinquency rate of domestic banks’ won-denominated (WD) loans stood at 0.39% by end-September, a 0.04 percentage point (ppt) decrease from a month earlier, according to data from the Financial Supervisory Service.

This follows after the volume of resolved loans expanded by KRW1.6t between August and September, whilst newly delinquent loans remained the same over the two months.

Delinquency rate of loans extended to corporates climbed to 0.14% in September, from 0.13% in August.

ALSO READ: South Korean financial firms to tighten lending standards in Q4: survey

Meanwhile, the rate of bad loans of households was 0.35%, a 0.03 ppt decrease compared to in August.

Compared to September 2022, the overall delinquency rate is 0.18 ppt higher.

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