Risky PF loans fall in Q2: watchdog
Outstanding loans extended to risky real estate development projects fell in the second quarter of the year via sell-offs or recapitalization, the financial watchdog said Tuesday. According to the Financial Supervisory Service (FSS), 15.1 trillion won (US$11.3 billion) in loans extended to real estate projects were classified as risky at the end of June. The reading marks a drop from 16.4…
In the second quarter, loans extended to risky real estate development projects decreased, according to the Financial Supervisory Service (FSS). The agency reported that 15.1 trillion won (US$11.3 billion) in loans classified as risky at the end of June marked a decline from 16.4 trillion won at the end of March. This proportion accounted for 9 percent of total exposure by financial institutions to real estate development, which stood at 168.8 trillion won, a decrease from 9.6 percent of 169.8 trillion won at the end of March last year.
The watchdog also announced that the remaining risky PF loans would undergo restructuring. PF loans have been a persistent problem in the financial market due to the rise of soured loans since late 2023, posing a threat to financial institutions and overall market stability.
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- Risky PF loans fall in Q2: watchdog en.yna.co.kr
- Risky PF loans fall in Q2: watchdog koreatimes.co.kr
