The delinquency charge on loans prolonged by native banks rose from a month earlier in July, knowledge confirmed Friday.
The delinquency charge on banks’ won-denominated loans got here to 0.47 p.c as of end-July, up 0.05 share level from a month earlier, in accordance with the information from the Monetary Supervisory Service.
The on-month enhance was attributed to an increase in newly delinquent loans, which amounted to 2.7 trillion gained ($2.03 billion), up 400 billion gained from a month earlier, whereas the quantity of resolved loans fell sharply to 1.5 trillion gained from 4.4 trillion gained in June.
The delinquency charge on family loans reached 0.38 p.c at end-July, up 0.02 share level from a month earlier, whereas the speed on company loans gained 0.07 share level to 0.53 p.c over the cited interval.
The report comes amid rising issues over family money owed, which jumped to a 37-month excessive of 9.3 trillion gained in August, following a 5.5 trillion-won enhance in July, the monetary regulator stated earlier. (Yonhap)