Saemaul Geumgo Recovers Delinquency Ratio to 6% Range in Q3—Targets 5% by Year-End
Saemaul Geumgo’s delinquency ratio dropped to the 6% range in Q3 after aggressive NPL sales, with a year-end target of 5% as asset clean-up accelerates.
[Secondary Financial Sector PF Review] Stalled Progress at Saemaul Geumgo—Will Asset Management Company Mark a Turning Point
Saemaul Geumgo’s efforts to resolve troubled real estate project financing have stalled, but the launch of MG AMCO may accelerate asset recovery as the sector faces mounting non-performing exposures.
MG Saemaul Geumgo Asset Management Company (MG AMCO), a wholly owned subsidiary of the National Credit Union Federation of Korea, has officially launched in Seoul to spearhead the resolution of non-performing loans and strengthen asset management within the credit union sector.
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MG Saemaul Geumgo Asset Management Company Launched—Full-Scale Bad Loan Resolution Begins
MG Saemaul Geumgo Asset Management Company (MG AMCO), a wholly owned subsidiary of the National Credit Union Federation of Korea, has officially launched in Seoul to spearhead the resolution of non-performing loans and strengthen asset management within the credit union sector.
Yonhap Infomax News