Delinquency ratio on bank loans up in April

SEOUL, June 18 (Yonhap) -- The delinquency ratio on loans extended by banks rose in April due mainly to a fall in the write-offs of soured loans, data showed Thursday.

The delinquency ratio on banks' won-denominated loans stood at 0.61 percent as of end-April, up 0.05 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

The amount of newly overdue loans came to 2.9 trillion won (US$1.92 billion) in April, up 200 billion won from the previous month.

The amount of write-offs of such loans, on the other hand, came in at 1.6 trillion won, down 2.7 trillion won over the cited period, according to the FSS.

The delinquency ratio for corporate loans came to 0.74 percent as of end-April, up 0.06 percentage point from a month earlier, and the ratio for household loans added 0.02 percentage point to 0.42 percent over the same period.

This image shows various corporate logos of commercial banks in South Korea. (Yonhap)