SEOUL, March 28 (Xinhua) -- South Korean banks' loan delinquency ratio rebounded in January owing to more new delinquent loan than bad loan settlement, financial watchdog data showed Friday.

Bank loan, overdue at least one month, gained 0.09 percentage points from a month earlier to 0.53 percent at the end of January after retreating 0.08 percentage points in the previous month, according to the Financial Supervisory Service (FSS).

New delinquent loan came to 3.2 trillion won (2.2 billion U.S. dollars) in the cited month, higher than the settlement of non-performing loans worth 1.0 trillion won (682.5 million dollars).

Delinquency ratio has roughly been on the rise after hitting a bottom at 0.20 percent in June 2022 amid rising uncertainty over the Asian economy.

The country's central bank cut its benchmark interest rate by a quarter percentage point to 2.75 percent in February, after slashing it by the same percentage point in October and November last year.

Excluding settled bad loan, delinquency ratio for fresh bank loan stood at 0.13 percent in January, up from 0.10 percent in the previous month.

Delinquency ratio for bank corporate loan advanced 0.11 percentage points from a month earlier to 0.61 percent at the end of January, while ratio for household loan added 0.05 percentage points to 0.43 percent. Enditem

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