Xinhua, Seoul :
Bad debt ratio among South Korean banks fell to the lowest in almost nine years due to the record-low interest rate, financial watchdog data showed Wednesday.
Bank loans, overdue a month or longer, came in at 1.25 percent of the total as of end-June, down 0.13 percentage points from three months earlier, according to the Financial Supervisory Service (FSS).
It was the lowest since the global financial crisis began to spread in late 2008. At the time, the overdue ratio was 1.14 percent.
Bad debt ratio among South Korean banks fell to the lowest in almost nine years due to the record-low interest rate, financial watchdog data showed Wednesday.
Bank loans, overdue a month or longer, came in at 1.25 percent of the total as of end-June, down 0.13 percentage points from three months earlier, according to the Financial Supervisory Service (FSS).
It was the lowest since the global financial crisis began to spread in late 2008. At the time, the overdue ratio was 1.14 percent.
