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BNK Financial Group headquarters (Photo courtesy of BNK Financial Group) |
[Alpha Biz= Paul Lee] Delinquency rates at BNK Financial Group’s key subsidiaries—Kyongnam Bank and Busan Bank—have exceeded the 1% threshold, heightening concerns over asset quality.
According to data submitted by the Financial Supervisory Service to the office of Rep. Kang Min-kuk, as of the end of March, delinquency rates stood at 1.06% for Kyongnam Bank and 1.22% for Busan Bank.
The average delinquency rate across five regional banks, including the two BNK affiliates, reached 1.308%—approximately 3.25 times higher than that of South Korea’s five major commercial banks.
The widening gap underscores growing credit risks among regional lenders, particularly amid prolonged high interest rates and weaker borrower repayment capacity.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
