Monday, February 27, 2017

Switching bank loan delinquencies rise to only three months



[South Korea's Choice Financial newspaper reporter] was converted into a bank loan delinquency rate rise in just three months.

27 days, according to the Financial Supervisory Service announced a KRW-denominated loan delinquency status of domestic banks, the end of January this year the total loan delinquency rate (more than one months overdue principal and interest) rose 0.06 percent to 0.53 percent points higher than the previous month end.

Delinquency show a second month in a row naerimse to 0.81% in November from October last year, 0.64%, 0.47% in December turned to rise.

FSS explained that "the new yeoncheaek (1.6 trillion won) that occurred last month according to a scale beyond the cleanup overdue receivables (8,000 million).

Overdue receivables balance increased by 700 billion won this year, compared to January last year to 7 trillion 500 billion won horses in December (6.8 trillion won).

The end of January, large loan delinquency rate fell 0.06 percentage point from the previous month to 0.71%. SME loan delinquencies rose 0.11% points to 0.74% from the previous month. The total corporate loan delinquencies rose 0.07% points to 0.73%.

Household loan delinquency rate was up 0.02 percentage point from the previous month to 0.28%. Mortgage loans (0.21%) and group loans (0.30%) delinquency rate was 0.02 percentage point, rising by 0.01 percentage points, respectively. Household credit delinquency rates also rose 0.07 percentage point to 0.48%.

The FSS said, "I will strengthen the monitoring of a possible rise in delinquency rates in domestic and foreign economic uncertainty."

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