SEOUL, Aug 31 (Reuters) - The loan delinquency ratio at South Korean banks rose in July from a six-month low in June, largely due to an increase in problem loans after the mid-year closing, the country's financial regulator said on Monday.
The ratio of delinquent loans to total won-currency lending came at 1.32 percent at the end of July, up from 1.19 percent in June, preliminary data from the Financial Supervisory Service showed.
The rebound came as new problem loans were generated last month after banks wrote off and sold a chunk of bad debt in June ahead of their mid-year book closing.
For lending to small and medium-sized companies, the ratio climbed to 2.10 percent from 1.86 percent.
Following are bank delinquency ratios by loan types:
(in percent)
July June May Apr Dec 2008 July 2008
Large firms 0.80 0.82 0.85 0.66 0.34 0.37
SMEs 2.10 1.86 2.57 2.59 1.70 1.00
Households 0.63 0.59 0.78 0.75 0.60 0.55
Total 1.32 1.19 1.60 1.58 1.08 0.74
(Reporting by Rhee So-eui)
((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net)) Keywords: KOREA BANKS/DELIQUENCY (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The ratio of delinquent loans to total won-currency lending came at 1.32 percent at the end of July, up from 1.19 percent in June, preliminary data from the Financial Supervisory Service showed.
The rebound came as new problem loans were generated last month after banks wrote off and sold a chunk of bad debt in June ahead of their mid-year book closing.
For lending to small and medium-sized companies, the ratio climbed to 2.10 percent from 1.86 percent.
Following are bank delinquency ratios by loan types:
(in percent)
July June May Apr Dec 2008 July 2008
Large firms 0.80 0.82 0.85 0.66 0.34 0.37
SMEs 2.10 1.86 2.57 2.59 1.70 1.00
Households 0.63 0.59 0.78 0.75 0.60 0.55
Total 1.32 1.19 1.60 1.58 1.08 0.74
(Reporting by Rhee So-eui)
((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net)) Keywords: KOREA BANKS/DELIQUENCY (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.