Bad loans of banks in the II quarter fell by 11.5%

0
14

[ad_1]

Bank ATMs in a building in Seoul (Yonghap)

Bank ATMs in a building in Seoul (Yonghap)

Data on Tuesday showed that NPLs at South Korean banks fell 11.5 percent in the second quarter from three months earlier due to a decline in corporate bad loans.

Overdue loans at the end of June were 12.2 trillion won ($ 10.5 billion), down 1.6 trillion won at the end of March, according to the Financial Conduct Authority (FSS).

The data showed that overdue corporate loans reached 10.5 trillion won at the end of June, down 1.4 trillion won from the previous quarter.

As of the end of June, non-performing household loans fell 100 billion won to 1.6 trillion won. Get out.

According to the FSS, the ratio of bad loans to total loans at the end of June was 0.54 percent, which is 0.08 percentage points lower than in the previous quarter. (Yonhap)



[ad_2]

Source link