2023-05-07 03:26:35
36.6 trillion won of ‘deferred loans’ for SMEs and small business owners, a ‘primer’ for insolvency in the financial sector
[대한경제=신보훈 기자] Financial support provided indiscriminately to SMEs and small business owners is returning as a detonator for insolvency in the financial sector. As the measure to delay payment of principal and interest on loans to overcome the Corona 19 crisis lasted for three years due to the populist decision of political circles and financial authorities, the amount of loans that were deferred alone reached 36.6 trillion won.
According to the financial sector on the 7th, the balance of loans extended by the five major commercial banks, including KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup, was 36,620.6 billion won. The number of loan maturity extensions or principal and interest repayment deferrals reached about 260,000 cases.
Since the beginning of 2020, the bank has been deferring the repayment of the principal and principal of the loan in order to overcome the Corona 19 crisis. Initially, the grace period was set until September 2020, but the grace period was extended five times according to the decisions of the political world and financial authorities, increasing the scale of potential insolvency.
The grace period for repayment of principal and interest will end in September. The Yoon Seok-yeol administration extended the maturity of loans for the self-employed and small business owners by up to three years, and delayed the repayment of principal and interest for one year, but the deadline is approaching. In the financial sector, it is predicted that the delinquency rate, which has been maintained at 0%, will rise steeply when the deferment of principal and interest payments ends.
Reporter Shin Bo-hun bbang@
〈ⓒ Daehan Economic Daily (www.dnews.co.kr), unauthorized reproduction, collection, and redistribution prohibited〉
1683433538
#trillion #won #deferred #loans #SMEs #small #business #owners #primer #insolvency #financial #sector