Savings banks swing to black in 2025; delinquency rate falls

The savings banking industry returned to the black last year from a year earlier, aided by a decline in loan-loss reserves, data showed Friday. The combined net profit of 79 savings banks nationwide reached 417 billion won ($278 million) last year, shifting from a loss of 423 billion won a year earlier, according to their trade association. The data showed that their loan-loss reserves declined by 455 billion won last year compared with a year earlier. Their asset soundness improved, with the de

By The Korea Herald