S Korea’s bank loan delinquency ratio inches up in April

20 June, 2019 12:00 AM printer

SEOUL: Loan delinquency ratio among South Korean banks inched up in April on higher rate for bad loans to small companies, financial watchdog data showed Wednesday.

The ratio of bank loans overdue at least one month was 0.49 percent of the total as of end-April, up 0.03 percentage points from a month earlier, according to the Financial Supervisory Service (FSS), reports Xinhua.

The bad loan ratio tended to rise in the month after banks resolved bad loans in March ahead of the quarter-end.

The delinquency ratio for corporate loans advanced 0.05 percentage points over the month to 0.64 percent at the end April.