S.Korean banks' loan delinquency ratio inches up in August
Source: Xinhua | 2020-10-16
South Korean banks' loan delinquency ratio inched up in August on an economic fallout from the COVID-19 outbreak, financial watchdog data showed Thursday.
The ratio of bank loans, overdue at least one month, came in at 0.38 percent as of end-August, up 0.02 percentage points from a month earlier, according to the Financial Supervisory Service.
Credit risk increased as the COVID-19 resurged here in August owing to cluster infections in the Seoul metropolitan area traceable to church services and a massive rally in central Seoul on Aug. 15.
The overdue ratio for bank loans to companies added 0.03 percentage points from a month earlier to 0.47 percent as of the end of August.
The figure for loans to big corporations was unchanged at 0.29 percent, while the reading for loans to small companies gained 0.03 percentage points to 0.51 percent.
The delinquency ratio for bank loans to households rose 0.01 percentage point to 0.27 percent in the cited month.
The ratio for mortgage loans to households was unchanged at 0.18 percent, while the reading for credit loan grew 0.03 percentage points to 0.48 percent.
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