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The default rate on construction-related loans is looming large for major banks in Korea, as lenders face increasing delinquency rates for on loans made to firms in the construction sector. Market watchers and financial authorities are closely monitoring the situation over concerns that an uncontrolled risk stemming from the cash-stripped real estate market might expand the scope of the crisis to the overall economy next year.

The Financial Supervisory Service (FSS) has launched on-site inspections regarding the soundness of domestic savings banks, as many of them are showing signs of an increase in delinquency rates that are reaching worrying levels.

-- Third Quarter Total Loan Origination Volume Grew 62.4% to RMB24.2 billion ---- Third Quarter Net Revenue Grew 64.0% to RMB 1,466.3 million ---- Third...

SHANGHAI, China, Nov. 16, 2023 -- Qifu Technology, Inc. , a leading Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. ...

Source: Board of Governors of the Federal Reserve System (US) Release: Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks Board of…