Insurers' loan delinquency ratio falls in December
Seoul - Arab Today
The delinquency ratio of loans extended by South Korean insurers fell slightly in December from a month earlier as they cleared soured loans ahead of year-end book closings, the financial watchdog said Wednesday. The average bad debt ratio of local life and non-life insurers came to 0.63 percent at the end of December, down 0.09 percentage point from the previous month, according to the Financial Supervisory Service (FSS).
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