Monetary Supervisory Service headquarters / Newsis
Financial savings banks in Korea noticed their mixed internet loss widen within the first half from a 12 months earlier, due largely to a pointy enhance in loan-loss reserves put aside for actual property undertaking financing (PF) loans, knowledge confirmed Friday.
The banks posted a mixed internet lack of 380.4 billion received ($285 million) within the January-June interval, sharply up from a internet lack of 96.5 billion received over the identical interval final 12 months, in line with the info from the Monetary Supervisory Service.
Their curiosity revenue got here to 2.77 trillion received within the six-month interval, almost unchanged from a 12 months earlier, whereas their non-interest loss shrank from 169.5 billion received to 100.9 billion received over the cited interval.
The banks’ loan-loss reserves, nevertheless, gained almost 400 billion received to 2.33 trillion received from 1.93 trillion received over the cited interval amid rising considerations over dangers stemming from short-term PF loans.
The banks’ common mortgage delinquency ratio got here to eight.36 p.c as of end-June, up 1.81 proportion factors from six months earlier. The delinquency fee for family loans dropped 0.21 proportion level to 4.80 p.c over the mentioned interval, however the fee for company loans surged 3.90 proportion factors to 11.92 p.c, in line with the monetary regulator.
Their whole property have been valued at 120.1 trillion received as of end-June, down 6.5 trillion received from six months earlier.
The financial savings banks’ common capital adequacy ratio stood at 15.04 p.c as of end-June, up from 14.35 p.c six months earlier and properly above the required degree of seven p.c. (Yonhap)
