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Banks' loan delinquency rate edges down in December last year

12:00 February 14, 2019

SEOUL, Feb. 14 (Yonhap) -- The delinquency rate for South Korean banks' won-denominated loans edged down in December last year due to a slight decline in the number of firms that failed to repay their debts, government data showed Thursday.

The rate for bank loans more than 30 days overdue stood at 0.4 percent at the end of December last year, down 0.2 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Banks' loan delinquency rate edges down in December last year - 1

Compared with a year ago, the rate was up 0.04 percentage point, the FSS said.

The delinquency rate for loans extended to firms fell 0.33 percentage point on-month to 0.53 percent in December last year.

The delinquency rate for loans to households fell 0.03 percentage point on-month to 0.26 percent at the end of December, according to the data.

The FSS said it will keep close tabs on loan delinquency trends to prevent rising market interest rates from leading to more overdue loans.

kdh@yna.co.kr
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