The delinquency ratio on loans extended by banks in South Korea rose slightly from a month earlier in November last year amid the sluggish economy and high interest rates, data showed Thursday.

The delinquency ratio on banks’ won-denominated loans came to 0.46 percent as of end-November, up 0.03 percentage point from a month earlier, according to the data from the Financial Supervisory Service (FSS).

From a year earlier, the figure marks a 0.19 percentage point increase.

The delinquency ratio for corporate loans reached 0.52 percent at end-November, up 0.04 percentage point from a month earlier, while the ratio for household loans gained 0.02 percentage point to 0.39 percent over the cited period, according to the FSS.

The value of newly overdue loans came to 2.7 trillion won (US$2.01 billion) in November, compared with 2.4 trillion won tallied the previous month.

Source: Yonhap News Agency