S.Korean banks' loan delinquency ratio inches down in September

Source: Xinhua| 2019-11-25 16:04:00|Editor: xuxin
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SEOUL, Nov. 25 (Xinhua) -- South Korean banks' loan delinquency ratio inched down in September amid the near-record-low borrowing cost, financial watchdog data showed Monday.

The ratio of bank loans, overdue at least one month, stood at 0.44 percent of the total as of end-September, down 0.06 percentage points from a month earlier, according to the Financial Supervisory Service. From a year earlier, the figure was down 0.10 percentage point.

It came as the country's central bank lowered its benchmark interest rate from 1.75 percent to 1.50 percent in July, before slashing it to a record low of 1.25 percent in October.

The delinquency ratio for loan to households fell 0.04 percentage points from a month earlier to 0.29 percent at the end of September.

The reading for corporate loan slipped 0.08 percentage points to 0.57 percent in the cited period.

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