Korean bank NPLs could rise on Europe’s uncertainty

09 Feb 2012

The non-performing loans of Korean banks could rise due to increase headwinds stemming from political and economic uncertainty in the eurozone, says Standard and Poor’s.

Korean banks’ non-performing loans (NPLs) could potentially rise as the noise from the eurozone continues to amplify and threaten the nation’s economy, said an expert at Standard and Poor’s (S&P).

The vulnerability of the Korean economy to shockwaves originating from the west has increased due to Greece’s unresolved issues. ...

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