Most Popular
-
1
Medical profs at top hospitals suspend surgeries, clinics
-
2
Samsung chip business back on track, logs W1.9tr operating profit in Q1
-
3
Exports to US reach all-time high, widen gap with China
-
4
Shinsegae faces showdown with investors over SSG.com's delayed IPO
-
5
Hopes rise for possible Gaza truce deal
-
6
Ex-pro baseball player who killed debtor appeals sentence
-
7
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
8
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
-
9
S. Korea to issue travel ban on Haiti amid intensifying gang violence
-
10
Leaders of S. Korea, Angola agree to boost economic, trade cooperation
The loan delinquency ratio of South Korean insurers remained unchanged in March from the previous month reflecting stable financial market conditions, the financial watchdog said Monday.
The average default ratio of loans extended by local life and non-life insurers came in at 0.81 percent as of the end of March, according to the Financial Supervisory Service. This marks the third month in a row that the default rate has remained fixed.
The latest report showed that compared to the year before, the ratio was down 0.40 percentage points.
The FSS said that the delinquency ratio for insurers has been falling steadily since surging to a high of 3.94 percent in January 2009.
Gradual economic gains, continuous efforts to write off bad loans and administrative actions that regulate interest for delinquent policy loans all contributed to lower numbers.
The total amount of insurer loans reached an outstanding 98.7 trillion won ($86.6 billion) as of the end of March, up 600 billion won from the month before.
The delinquency ratio for household loans extended by insurers came in at 0.50 percent, up 0.01 percentage point from February.
But that of corporate loans dipped 0.01 percentage point to 1.53 percent, the watchdog said.
(Yonhap News)
The average default ratio of loans extended by local life and non-life insurers came in at 0.81 percent as of the end of March, according to the Financial Supervisory Service. This marks the third month in a row that the default rate has remained fixed.
The latest report showed that compared to the year before, the ratio was down 0.40 percentage points.
The FSS said that the delinquency ratio for insurers has been falling steadily since surging to a high of 3.94 percent in January 2009.
Gradual economic gains, continuous efforts to write off bad loans and administrative actions that regulate interest for delinquent policy loans all contributed to lower numbers.
The total amount of insurer loans reached an outstanding 98.7 trillion won ($86.6 billion) as of the end of March, up 600 billion won from the month before.
The delinquency ratio for household loans extended by insurers came in at 0.50 percent, up 0.01 percentage point from February.
But that of corporate loans dipped 0.01 percentage point to 1.53 percent, the watchdog said.
(Yonhap News)
-
Articles by Korea Herald
