South Korean banks' household lending increased by 5.5 trillion won in July, primarily driven by mortgage loan demand.
South Korean banks' household lending increased 5.5 trillion won in July, marking the fourth consecutive monthly rise. The rise is primarily due to a strong demand for mortgage loans, with banks' mortgage loan expanding by 5.6 trillion won. Corporate loans also increased, with loans to big companies rising by 4.4 trillion won and loans to small firms by 3.4 trillion won.
August 12, 2024
4 Articles