S. Korean banks’ loan delinquency ratio rises to 0.3 pct in April

SEOUL, June 16– South Korean banks’ loan delinquency ratio rose in April after posting a record low in the previous month, central bank data showed Wednesday. The ratio of bank loans, overdue at least one month, stood at 0.30 percent of the total at the end of April, up 0.02 percentage points from a month earlier, according to the Financial Supervisory Service.

SEOUL, June 16 (Xinhua) — South Korean banks’ loan delinquency ratio rose in April after posting a record low in the previous month, central bank data showed Wednesday.

The ratio of bank loans, overdue at least one month, stood at 0.30 percent of the total at the end of April, up 0.02 percentage points from a month earlier, according to the Financial Supervisory Service.

The ratio stayed at the record-low level as the central bank left the policy rate unchanged at an all-time low of 0.50 percent since May last year.

The delinquency ratio for corporate loans added 0.03 percentage points from a month earlier to 0.40 percent as of the end of April.

The ratio of delinquent loans to households gained 0.01 percentage point to 0.19 percent. The ratios for mortgage and credit loans stood at 0.12 percent and 0.33 percent respectively. Enditem