South Korea's loans fall in 2013


(MENAFN) South Korean banks saw a fall in Foreign-currency loans in 2013 compared to 2012, as the strong currency of the country helped borrowers repay their outstanding debts, according to Iran Daily



Foreign currency-denominated loans extended by local banks were estimated at USD25.17 billion by the end of 2013, lower than in 2012 by USD4.77 billion



Dollar-denominated loans extended by local banks stood at USD17.34 billion at the end of last year, up from USD16.69 billion a year ago


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.