Domestic banks loan default rate drops in Sept.

The loan delinquency ratio at domestic banks fell in September from the previous month as some corporate borrowers struck deals with lenders to delay debt repayment, the financial regulator said Monday.

Loans overdue one day or more reached 1.24 percent of the total lending held by 18 local banks as of the end of September, down from 1.5 percent at end-August when the rate hit a 15 month-high, the Financial Supervisory Service (FSS) said in a statement.