, Korea

South Korean banks' loan delinquency ratios rise in April

Delinquency of loans extended to households edged up 0.02 ppt.

The delinquency rate for South Korean banks’ won-denominated loans inched up to 0.4% at the end of April, 0.01 percentage points (ppt) higher than a month earlier, data from the Financial Supervisory Service (FSS) revealed. However, this was 0.08% lower than the rate a year ago.

Similarly, the delinquency rate for loans extended to companies also rose 0.01 ppt to 0.5% in April compared to the previous month.

Meanwhile, the delinquency of loans extended to households recorded a slightly faster deterioration, edging up 0.02 ppt to 0.29%, according to data FSS.
 

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