Five Korean Banks Report Early September Household Loan Decline - Yonhap

Household loans at five major Korean banks fell by ₩727.6 billion during September's first three business days. Yonhap reported Sunday that the combined balance stood at ₩781.3916 trillion on September 3.

Mortgage balances fell by ₩757.9 billion, while personal credit loans increased by ₩25.7 billion over the period. Excluding policy loans, household lending increased by ₩108.7 billion from the end of August.

A bank official attributed the policy loan reduction to transfers into the housing finance agency's accounts. KB Financial Group Inc. (105560): The company's market capitalisation was ₩61 trillion at Friday's close.

Sources

  1. Yonhap
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