Delinquency rate on bank loans rises for second month in November due to corporate loans

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Delinquency rate on bank loans rises for second month in November due to corporate loans

People pass by a sign showing a bank's loan programs that were put up on the exterior of a lender in Seoul. [YONHAP]

People pass by a sign showing a bank's loan programs that were put up on the exterior of a lender in Seoul. [YONHAP]

 
The delinquency rate on loans extended by local banks increased for the second consecutive month in November due mainly to a rise in soured corporate loans, data showed Friday.
 
The delinquency rate on banks' won-denominated loans increased 0.04 percentage point from a month earlier to 0.52 percent as of the end of November, according to preliminary data from the Financial Supervisory Service (FSS).
 

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The amount of newly delinquent loans came to 2.8 trillion won ($1.95 billion) in November, up from 2.5 trillion won the previous month.
 
The amount of write-offs of bad loans advanced by 0.3 trillion won to 2 trillion won during the cited period, the data showed.
 
The delinquency rate on corporate loans stood at 0.6 percent at the end of November, up 0.04 percentage point from a month before.
 
The rate on household loans rose 0.03 percentage point to 0.41 percent over the cited period, the FSS said.
 
 
 

Yonhap
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