S Korean banks’ loan delinquency ratio rises in Jan

14 March, 2019 12:00 AM printer

SEOUL: South Korean banks' loan delinquency ratio rose in January on an increase in delinquent loans for small companies, financial watchdog data showed Wednesday.

The ratio of bank loans overdue at least one month stood at 0.45 percent of the total as of the end of January, up 0.05 percentage points from a month earlier, according to the Financial Supervisory Service, reports Xinhua.

It came as the bad debt ratio gained especially among small companies. The loan delinquency ratio for small firms increased 0.08 percentage points over the month to 0.57 percent as of end-January.

The ratio of delinquent loans to big corporations fell 0.02 percentage points to 0.71 percent in the cited period.