Household loans fall as banks maintain tight lending rules: data
Excluding policy loans, outstanding household loans at the five major banks maintained an uptrend, increasing by 108.7 billion won from the end of last month,…
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Summary
Excluding policy loans, outstanding household loans at the five major banks maintained an uptrend, increasing by 108.7 billion won from the end of last month, according to the data. The five major lenders are said to have received additional quotas from financial authorities, raising their annual target for household loan growth from 4.3 trillion won in 2025 to 7.1 trillion won this year. Outstanding household loans at five major lenders -- KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH NongHyup Bank -- stood at 781.39 trillion won ($580.49 billion) as of Thursday, down 727.6 billion won from the end of August, according to the data compiled by the banks.
Furthermore, Of them, outstanding mortgage loans stood at 620.5 trillion won as of Thursday, a drop compared to 621.2 trillion won recorded as of end-August. ATM devices from South Korea's major banks are seen in this file photo taken Aug.
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Excluding policy loans, outstanding household loans at the five major banks maintained an uptrend, increasing by 108.7 billion won from the end of last month, according to the data.
reliability low1/2 sourcesThe five major lenders are said to have received additional quotas from financial authorities, raising their annual target for household loan growth from 4.3 trillion won in 2025 to 7.1 trillion won this year.
reliability low1/2 sourcesOutstanding household loans at five major lenders -- KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH NongHyup Bank -- stood at 781.39 trillion won ($580.49 billion) as of Thursday, down 727.6 billion won from the end of August, according to the data compiled by the banks.
reliability low1/2 sourcesOf them, outstanding mortgage loans stood at 620.5 trillion won as of Thursday, a drop compared to 621.2 trillion won recorded as of end-August.
reliability low1/2 sourcesATM devices from South Korea's major banks are seen in this file photo taken Aug.
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