Bloomberg News

S. Korean Banks’ Bad-Debt Ratio Falls to 1.66% as of September

November 15, 2011

Nov. 16 (Bloomberg) -- South Korean banks’ bad-debt ratio dropped to 1.66 percent of their total lending at the end of September compared with 1.73 percent three months earlier, the Financial Supervisory Service said in an e-mailed statement today.

The regulator will encourage local lenders to aggressively decrease bad debt so they can meet the agency’s guidance of 1.5 percent of non-performing loan ratio by the end of this year, the statement said.

--Editors: Seyoon Kim, Drew Gibson.

To contact the reporter on this story: Seonjin Cha in Seoul at scha2@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net


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