South Korean Banks' Bad-Loan Ratio Remains Unchanged in Q2: FSS
MT Newswires Live
Sep 05
South Korean banks' ratio of bad loans, that is, loans classified as substandard or below (SBLs), to the total outstanding loans remained unchanged at 0.59% as of the end of June from the end of March, the Financial Supervisory Service said in a release on Friday.
SBLs in the second quarter were also steady at 16.6 trillion won from the previous comparable period. Business loans amounted to 13.1 trillion won, while household and credit card loans stood at 3.2 trillion won and 300 billion won, respectively, it said.
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