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S KOREAN BANKS' ASSET QUALITY IMPROVES ON BAD LOAN WRITE-OFFS.
SEOUL, Nov 1 Asia Pulse - South Korean banks have continued to write off bad loans this year, helping their asset quality improve amid an economic slowdown, industry sources said Sunday.
Local lenders, hit by an increase in dud assets last year as a result of a credit bubble, struggled to unload bad loans and tightened their lending criteria.
Bad loans at Kookmin Bank (KSE:060000), South Korea's leading bank, fell to 4.96 trillion won in September from 5.17 trillion won at the end of June, with its ratio of bad loans against total lending down 0.12 percentage point to 3.54 per cent over the cited period.
The lender plans to further reduce the bad ...
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Source: HighBeam Research, S KOREAN BANKS' ASSET QUALITY IMPROVES ON BAD LOAN WRITE-OFFS.