Korean banks’ bad loans ratio up 0.02ppt in November

Ratio reflects loans overdue by at least one month.

South Korean banks’ loan delinquency ratio rose in November, reports Yonhap, based on preliminary data released by the Financial Supervisory Service.

The ratio for won-denominated loans rose to 0.27% as of end-November, 0.02 percentage point (ppt) higher than in October.

The ratio reflects loans overdue by at least one month in principal and interest payment.