South Korea bank lending
Chuseok, mortgage demand drive up Korean banks’ lending in September
Home mortgage demand grew by $4.49b (KRW6.1t) in August.
Chuseok, mortgage demand drive up Korean banks’ lending in September
Home mortgage demand grew by $4.49b (KRW6.1t) in August.
Jeonbuk Bank profits to weaken from real estate lending woes
Asset quality and profitability will weaken through 2024, Moody’s said.
Bad loans of Korean banks fell to 0.33% in March
The volume of resolved loans rose during the month.
South Korean banks’ loans to households, corporates up in April
Corporates borrowed money for dividend payments, the Bank of Korea said.
Household loans extended by South Korean banks shrank for third straight month: report
High borrowing costs lowered demand.
Asset quality of South Korea’s big banks to remain supported as interest rate rise
But bad loans are expected to rise moderately.
South Korean banks to further ease lending in Q3: report
Household loan growth has slowed as borrowing costs rose, according to Yonhap.
Banks in South Korea are expected to further ease lending in the third quarter, even as credit risks are expected to rise, reports Yonhap, based on a survey conducted by the Bank of Korea (BOK).
An index gauging banks’ attitude toward home-backed loans and unsecured household lending stood at 14 and 19, respectively, for the July-September period, according to the findings of a poll of officials handling credit affairs at financial institutions (FIs)—which include 18 banks.
A reading above zero means the number of lenders that will ease lending surpasses that of banks planning to tighten lending criteria.
South Korea regulator calls for banks to intensify loan assessment: report
Fast-rising interest rates are expected to hit borrowers’ capacity to repay loans.