SEOUL, Oct. 24 (Xinhua) -- South Korean banks' loan delinquency ratio rose for the second consecutive month due to more new delinquent loans than bad loan settlements, financial watchdog data showed Friday.
The ratio of bank loans, at least one month overdue, to the total gained 0.04 percentage points from a month earlier to 0.61 percent at the end of August, after growing 0.05 percentage points in the previous month, according to the Financial Supervisory Service.
New delinquent loans came to 2.9 trillion won (2.0 billion U.S. dollars) in the cited month, higher than the settlement of non-performing loans worth 1.8 trillion won (1.3 billion dollars).
The delinquency ratio has roughly been on the rise after hitting a bottom of 0.20 percent in June 2022 on the back of lingering uncertainties over massive household debt.
Excluding the settled bad loans, the delinquency ratio for fresh bank loans was 0.12 percent in August, up from 0.11 percent in the previous month.
The delinquency ratio for bank corporate loans increased 0.06 percentage points from a month earlier to 0.73 percent at the end of August, while the ratio for household loans swelled 0.02 percentage points to 0.45 percent. Enditem
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