Search results for SME loans
Finance
South Korean banks\' delinquency rate rises to 0.63 percent; corporate loan rate at 0.78 percent
South Korean banks’ delinquency rate on won-denominated loans rose in July, reversing the previous month’s decline, as new delinquencies increased and the amount of delinquent loans cleared fell. The rate climbed to 0.63 percent at end-July, up 0.07 percentage point from end-June and 0.06 point higher than a year earlier. Corporate loan delinquencies rose to 0.78 percent, while household loan delinquencies edged up to 0.42 percent.
Finance
Woori Financial first-half net profit 1.61 trillion won, non-bank contribution rises to 22.3%
Woori Financial Group posted first-half net profit attributable to owners of the parent of 1.609 trillion won, up 3.7% from a year earlier, helped by higher capital markets fee income and the effect of consolidating an insurer. Second-quarter profit rose 66.4% from the previous quarter to 1.005 trillion won. Non-bank units’ share of group profit rose to 22.3%. The group announced a 220 won per share cash dividend for the second quarter.
Finance
Korean banks\' loan delinquency rate rises to 0.67%; SME delinquency tops 1 percent
South Korean banks\' delinquency rate on won-denominated loans rose for a second straight month, driven by an increase in new delinquencies and a decline in the amount of delinquent loans written off or sold. The Financial Supervisory Service said the rate stood at 0.67% at end-May, up 0.06 percentage point from a month earlier. The delinquency rate on SME loans rose to 1.00%, while household loan delinquencies increased to 0.45%.
