SEOUL, April 13 (Xinhua) -- South Korean banks' delinquent loan ratio posted the lowest February figure in 13 years amid the record-low borrowing cost, financial watchdog data showed Monday.
The ratio of bank loans, overdue at least one month, was 0.43 percent of the total as of the end of February, down 0.09 percentage points from a year earlier, according to the Financial Supervisory Service. It was up 0.02 percentage points from a month earlier.
It marked the lowest February reading since 2007 as the country's central bank left its target rate at a record low of 1.25 percent. The central bank cut its key rate by 50 basis points to an all-time low of 0.75 percent in March.
The bad debt ratio for corporate loan declined 0.13 percentage points from a year earlier to 0.54 percent as of the end of February.
The ratio for loan to households lost 0.03 percentage points to 0.30 percent in the cited period.
The figures for mortgage loan and credit loan fell to 0.21 percent and 0.51 percent each in the month.
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