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October Bank Household Loans of 968.5 Trillion Won... KRW 10.6 Trillion↑

NSP NEWS AGENCY, By soon ki Lee Journali, 2020-11-12 07:33 END7
#BOK #BankHouseholdLoan #968.5TrillionKRW #KRW10.6TrillionUp

(Seoul=NSP News Agency) soon ki Lee Journalist = According to the “Financial Market Trends in October 2020,” released by the Bank of Korea, bank household loans increased by 1.6 trillion won last month, showing that the increase was larger than in September, when it had slowed for a while.

In October, bank household loans (including policy mortgage loans) increased by 10,6 trillion won due to seasonal demand for funds, showing the expanded scale of increase, compared to the increase of 9.6 trillion won in the previous month and 7.2 trillion won a year earlier.

Mortgage loans were estimated to have increased by 6.8 trillion won following the previous month’s increase, as collective loans, which were previously approved for the demand for funds related to housing sales and lease, continued.


Other loans also increased by 3.8 trillion won due to seasonal factors such as Chuseok holiday consumer payment and demand for housing and stock funds.

In October, bank corporate loans(KRW) also increased by 9.2 trillion won, which showed the great expansion of the scale of the increase.

Meanwhile, it was investigated that the increase in bank reception in October decreased significantly to 2.3 trillion won from 41.1 trillion won in September.

NSP News Agency soon ki Lee Journalist
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