Delinquency ratio on bank loans edges up in April

Customers wait for banking buisnesses at bank counters in Seoul, Feb. 26. Newsis

The delinquency ratio on loans extended by banks in Korea rose slightly from a month earlier in April, data showed Friday.

The delinquency ratio on banks' won-denominated loans came to 0.48 percent at end-April, up 0.05 percentage point from a month earlier, according to the data from the Financial Supervisory Service.

From a year earlier, the reading marks a 0.11 percentage-point increase.

The amount of newly overdue loans came to 2.6 trillion won ($1.88 billion) in April, up 200 billion won from a month earlier, while the amount of resolved loans fell 2.7 trillion won from a month earlier to 1.5 trillion won.

The delinquency ratio for corporate loans came to 0.54 percent at end-April, up 0.06 percentage point from a month earlier, while the ratio for household loans gained 0.03 percentage point to 0.4 percent over the cited period. (Yonhap)