bank lending

bank lending

Household debt increases, loan delinquency rate drops 6월 가계대출 8.2조 증가…연체율은 하락

4d ago
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Bank lending to households in Korea is still rising, while interest rates remain persistently low amid a housing boom. At the same time, the average delinquency rate for loans extended by Korean banks has dropped to its lowest level since the global financial crisis. According to the Financial Supervisory Service, household debt climbed by seven-point-one billion U.S. dollars in June from the previous month. The margin of increase in June represents a slight decrease from April. In June, the outstanding amount of won-denominated bank loans came in at one-point-one trillion dollars, down zero-point-seven-percent from the previous month. The average delinquency rate was point-six-one-percent at the end of last month, down point-one-nine-percentage-point from the month before. That′s the largest monthly drop since December.