Delinquency ratio on banks’ loans edges up in August

delinquency ratio on banks loans edges up in august

Sumary of Delinquency ratio on banks’ loans edges up in August:

  • 14 (Yonhap) — The delinquency ratio on loans extended by banks in South Korea edged up in August from a month earlier due to tightened controls on loans overdue, the financial watchdog said Thursday.
  • The delinquency ratio on banks’ won-based loans stood at 0.28 percent as of end-August, up 0.01 percentage point from a month earlier, according to preliminary data from the Financial Supervisory Service.
  • The FSS attributed the rise to banks’ usual tendency of tightening controls on loans overdue at the end of every quarter.

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