ID :
147317
Mon, 10/25/2010 - 07:45
Auther :
Shortlink :
https://oananews.org//node/147317
The shortlink copeid
S. Korean banks' loan default rate drops in Sept
SEOUL, Oct. 25 (Yonhap) -- The loan delinquency ratio at South Korean banks fell in September from the previous month as some corporate borrowers struck deals with lenders to delay debt repayment, the financial regulator said Monday.
Loans overdue one day or more reached 1.24 percent of the total lending held by 18 local banks as of the end of September, down from 1.5 percent at end-August when the rate hit a 15 month-high, the Financial Supervisory Service (FSS) said in a statement.
The drop came as some defaulted corporate borrowers reached debt rescheduling agreements with their creditor banks, the FSS said.
It was also attributable to banks' aggressive sales and write-downs of soured loans before they closed their books at the end of the third quarter that ended on Sept. 30, it said.
The default rate on corporate loans stood at 1.68 percent as of end-September, down from 2.07 percent a month ago, with that of
Loans overdue one day or more reached 1.24 percent of the total lending held by 18 local banks as of the end of September, down from 1.5 percent at end-August when the rate hit a 15 month-high, the Financial Supervisory Service (FSS) said in a statement.
The drop came as some defaulted corporate borrowers reached debt rescheduling agreements with their creditor banks, the FSS said.
It was also attributable to banks' aggressive sales and write-downs of soured loans before they closed their books at the end of the third quarter that ended on Sept. 30, it said.
The default rate on corporate loans stood at 1.68 percent as of end-September, down from 2.07 percent a month ago, with that of
