South Korean banks' loan delinquency rate flat in November

Compared to November 2019, delinquency rate is down 0.14 percentage points.

The delinquency rate for South Korean banks' won-denominated loans remained flat in November 2020 from the previous month, reports Yonhap, based on data from the Financial Supervisory Service.

The rate for bank loans more than 30 days overdue stood at 0.34% at the end of November, unchanged from the previous month.

Compared with a year earlier, the bank loan delinquency rate was down 0.14 percentage point (ppt).

The delinquency rate for corporate loans added 0.01 ppt on-month to 0.43% in November, and the figure for household loans edged up 0.01 ppt to 0.24%.

For household lending, the delinquency rate for home-backed loans stayed flat at 0.16%.

Meanwhile, the rate for unsecured and other household loans rose 0.02 ppt to 0.42%.