Delinquency rate on bank loans up in April

SEOUL, June 27 (Yonhap) -- The delinquency rate on loans extended by local banks rose from a month earlier in April due mainly to a decrease in the write-offs of soured loans, data showed Friday. The delinquency rate on banks' won-denominated loans came to 0.57 percent in April, up 0.04 percentage point from the previous month, according to preliminary data from the Financial Supervisory Service (FSS). The amount of newly delinquent loans came to 2.9 trillion won (US$2.14 billion) in the month, down from 3 trillion won in March. The amount of write-offs of bad loans stood at 1.7 trillion won in April, down from the previous month's 4.1 trillion won, the data showed. The delinquency rate on corporate loans stood at 0.68 percent in April, up 0.06 percentage point from a month before. The rate on household loans also rose by 0.02 percentage point to 0.43 percent over the cited period, the FSS said. This file photo taken Oct. 3, 2021, shows signs about a bank's loan programs on the exterior of a lender in Seoul. (Yonhap) sam@yna.co.kr(END)