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Bank mortgage delinquency ratio collapse in South Korea
(MENAFN) Bank mortgage delinquency ratio collapse in South Korea
On Monday May 18th financial watchdog data presented that South Korean banks' mortgage delinquency ratio cut down on March as the country's policy rate was cut to a record low.
The percentage of bank mortgages were unpaid at least one month, the total percent of at the end of March was 0.39, percentage points were down 0.04 from a month earlier, the Financial Supervisory Service stated that It is been the lowest March figure since 2007, 13 years ago.
Since the 2008 global financial crisis, the slide in banks' bad debt ratio came as South Korea central bank cut its key rate by 50 origin points to an all-time low of 0.75 percent in March as its emergency move, as of the end of March the delinquency ratio for commercial mortgage slipped 0.05 percentage points from a month earlier to 0.49 percent. The ratios for mortgage to big and Small Corporations stood at 0.35 percent and 0.53 percent each.
The household of bad loan ratio was 0.27 percent of the total as of end-March, percentage points went down 0.03 from a month earlier. The ratios for mortgage and credit loans respectively came to 0.20 percent and 0.44 percent.
On Monday May 18th financial watchdog data presented that South Korean banks' mortgage delinquency ratio cut down on March as the country's policy rate was cut to a record low.
The percentage of bank mortgages were unpaid at least one month, the total percent of at the end of March was 0.39, percentage points were down 0.04 from a month earlier, the Financial Supervisory Service stated that It is been the lowest March figure since 2007, 13 years ago.
Since the 2008 global financial crisis, the slide in banks' bad debt ratio came as South Korea central bank cut its key rate by 50 origin points to an all-time low of 0.75 percent in March as its emergency move, as of the end of March the delinquency ratio for commercial mortgage slipped 0.05 percentage points from a month earlier to 0.49 percent. The ratios for mortgage to big and Small Corporations stood at 0.35 percent and 0.53 percent each.
The household of bad loan ratio was 0.27 percent of the total as of end-March, percentage points went down 0.03 from a month earlier. The ratios for mortgage and credit loans respectively came to 0.20 percent and 0.44 percent.
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