South Korea’s major banks’ NPLs hit 7.6 trillion won, highest in 8½ years
AI Summary- Five major South Korean banks recorded 7.6133 trillion won in non-performing loans.
- NPLs increased 20.3% year over year, reaching their highest level since the first quarter of 2018.
- Average loan delinquency reached 0.42% in the third quarter, the highest since the first quarter of 2017.