Loans – Banks’ loan delinquency fee inches up in October
SEOUL, Dec. 14 (Yonhap) — The delinquency fee for South Korean banks’ won-denominated loans edged up in October from the earlier month, however remained secure, the monetary regulator stated Monday.
The speed for bank loans greater than 30 days overdue stood at 0.34 % on the finish of October, up 0.04 proportion level from September, in response to the Monetary Supervisory Service (FSS).
In contrast with a yr earlier, the bank loan delinquency fee was down 0.12 proportion level.
The delinquency fee for company loans rose 0.05 proportion level on-month to 0.42 % in October, and the determine for family loans edged up 0.01 proportion level to 0.23 %.
For family lending, the delinquency fee for home-backed loans stayed flat at 0.16 %, and the speed for unsecured and different family loans rose 0.04 proportion level to 0.four %, in response to the FSS.