2 more financial risk loan losses Banks

Two banks, etc. - lower cervical Korea before the financial newspaper reporter] future savings bank, card, Mutual Credit Accumulation rate is raised additional provisions for high-risk loans. Is to the US FOMC rate hike is expected to situations such as the domestic market rising interest rates to prevent insolvent borrower limits expanded lack of ability to repay.

The financial authorities announced the "second financial management strengthening prudential measures" containing the content of such additional Accumulation rate raised provisions 19.

Financial authorities have embodied the second target high-risk loans by banks each eopgwon applied in the non-banking sector strengthened prudential supervision level.

Capital savings banks and over 20% were prescribed rate loan with high interest rate credit lending Mutual Financial is categorized in the temporary repayment of mortgage loans credit based on the repayment method or multiple debts. Card has prescribed multiple user card loans loans to high-risk loans.

Savings Bank should expand in the future to earn a 20% interest rate than the additional provisions Accumulation rate on loans from 20% to 50%. Additional provisions were expected to apply from January 1, 2018 is expected to be carried apdanggyeoseo more than six months.

Mutual banks are expanding coverage to high-risk loans and allowances Chua Accumulation rate is raised from 20% to 30%.

Currently, more than 300 million won temporarily repay loans or multiple debtors loan as precautionary below 'is to earn an additional allowance of 20% on the loan, but in the future 200K or greater pause repay loans or multiple debtors loans (over five loans to financial institutions debt holders) There must earn an additional 30% allowance on the 'normal' and 'less critical' loans.

Card companies must also earn 30% additional provisions for multiple debtors using two or more card loans.

Additional living allowance for capital interest of 20% or more receive a 30% higher risk loans earning apply. Asset quality is also enhanced classification of lease receivables, installment, etc. warrior. Normal Less than 3 months 3 to critical than six months, or less than a fixed classification was based on more than 6 months is 1 month normal, precautionary one to less than three months, the change in fixed not less than three months.

Financial circles touching three plans to the notice, mutual savings banks, financial and warrior relevant regulatory provisions change during the month, after the above decision gyugaewi audit and financial plans to apply from the second quarter of this year based on the financial statements.

The FSS plans to conduct site inspections to the finance company for a quick, safe combinations, increasing household lending rates June 30.

The second to relieve financial difficulties such as caused by the financial soundness strengthen management populace, vulnerable expand the low-interest policy populace financial supply capacity to expand 7 trillion won to increase the supply of scale sait stone loan junggeumri loans around 10 percent to 2 trillion won plans.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com