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| ▲ This file photo taken Oct. 3, 2021, shows signs about a bank's loan programs on the exterior of a lender in Seoul. (Yonhap) |
bad loans-Q2 tally
Banks' bad-loan ratio at 4-yr high in Q2: data
SEOUL, Sept. 5 (Yonhap) -- South Korean banks' bad-loan ratio remained unchanged at a four-year high in the second quarter from three months earlier, data showed Friday.
Loans classified as substandard or below (SBL) held by local banks came to 16.6 trillion won (US$11.9 billion) as of end-June, the same level as three months earlier, according to the data from the Financial Supervisory Service.
The percentage of SBLs to the total outstanding loans came to 0.59 percent at the end of June, unchanged from three months ago, which marks the highest in four years.
Some 6.4 trillion won in loans were newly classified as soured in the second quarter, up 400 billion won from the previous quarter.
Local banks wrote off 6.5 trillion won worth of bad loans in the April-June period, up 2 trillion won from the previous quarter, according to the data.
The ratio of business loans classified as SBLs stood at 0.72 percent as of end-June, unchanged from three months earlier, while the ratio for household loans came in at 0.32 percent as of end-June also the same as three months earlier, according to the financial watchdog.
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