(MENAFN) South Korea's Financial Supervisory Service (FSS) stated that in 2012, bad loan ratio declined 0.04 percentage points from 2011 to 1.32 percent, reported Xinhua News.
The FSS said that bad loans resolved in the fourth quarter of 2012 grew to USD8.8 billion, compared with USD4.3 billion in the previous quarter.
It noted that the drop in bad loan ratio in the last three months of the year came as banks disposed such loans in the period.
The financial watchdog said that in the third quarter, bad loan ratio gained 1.56 percent.
The FSS added that banks that failed to meet the bad loan ratio target of 13 percent last year are recommended to establish and realize plans to reduce bad loans.
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