MK Business News Logo
Wednesday, September 03, 2014 search icon
검색 search
Top Stories
Opinion Editorial
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News 프린트 이메일 전송 리스트
Loan delinquency among S. Korean manufacturers surge
2012.11.02 16:30:32 | 2012.11.02 17:29:24
The delinquency ratio of corporate loans provided to South Korean manufacturers is surging as they fail to earn fast enough to pay down their debt due to a prolonged economic recession.

[Loan delinquency among S. Korean manufacturers surge] 기사의 본문 이미지

According to a Seoul-based large commercial bank Friday, the delinquency ratio of its corporate lending for manufacturers jumped to 2.4 percent in the third quarter (Q3) of this year from 1.9 percent in the previous quarter. The figure stood at 1.3 percent in Q3 of last year.

The delinquency ratio of overall corporate loans grew from 1.6 percent to 1.7 percent at the bank in the same period. Manufacturers accounted for 38 percent of this bank’s corporate debts.

Property and leasing service firms represented 17 percent of the bank’s total corporate lending and their delinquency ratio rose slightly from 0.6 percent in Q2 to 1.0 percent in Q3. Wholesalers which represented 13 percent of the corporate credit grew from 1.0 percent to 1.2 percent during the cited period.

Other corporate borrowers of the local bank in finance, insurance, lodging, food, broadcasting, information service industries saw their delinquency ratio unchanged.

Education service borrowers witnessed their delinquency ratio soar from 0.6 percent to 1.7 percent on-quarter in Q3.

[Written by Yong-beom Park / edited by Soyoung Chung]

[ⓒ Maeil Business Newspaper &, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Wed, Sept 03, 2014
Latest News
Foreigners who invest more than $1mn ..
Job fair held by MK, KCCI eases job c..
Financial education to be included in..
S. Korea to start emission trading fr..
Gov’t, Seoul City vow to make Han Ri..
Gov’t showcases 4-language interpret..
Learn from disaster operation leaders..
KB Kookmin Bank’s chief hints at res..
Gov’t and Seoul City agree to TFT fo..
Gov’t to shorten reconstruction term..
Press Releases&Speeches
[Press Release] MOFA Spokesperson's C..
[Press Release] Outcome of the Foreig..
Today Vocab&Phases
[09/03 Wed] Amortized cost
fluctuate, prolong

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.