Delinquency ratio on bank loans edges up in April

The delinquency ratio on loans extended by banks in South Korea rose slightly from a month earlier in April, data showed Friday. The delinquency ratio on banks' won-denominated loans came to 0.48 percent at end-April, up 0.05 percentage point from a month earlier, according to the data from the Financial Supervisory Service. From a year earlier, the reading marks a 0.11 percentage-point increase. The amount of newly overdue loans came to 2.6 trillion won (US$1.89 billion) in April, up 200 billion won from a month earlier, while the amount of resolved loans fell 2.7 trillion won from a month earlier to 1.5 trillion won. The delinquency ratio for corporate loans came to 0.54 percent at end-April, up 0.06 percentage point from a month earlier, while the ratio for household loans gained 0.03 percentage point to 0.4 percent over the cited period. Source: Yonhap News Agency