Bad debt ratio of 18 Korean bank slips in Q2

The bad debt ratio of 18 South Korean banks fell in the second quarter from three months earlier.

Non-performing loans at 18 local banks totaled US$18.4 billion, or 1.49 percent of their total lending as of end-June, according to the Financial Supervisory Service. The figure slid 0.02 percentage points from theprevious quarter.

This is the result of efforts by the banks to take soured loans off their balance sheets.

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