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S Korea- Household credit up 5.6% at Sept-end: CB  Join our daily free Newsletter

MENAFN - 22/11/2012

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(MENAFN) The Bank of Korea (BOK) stated that at the end of September, the country's household credit rose 5.6 percent from a year ago, hitting USD864 billion, reported Xinhua News.

The central bank said that in the period, household loans extended by banks grew by USD128 billion in the third quarter from the previous quarter to USD421 billion.

It added that debts owed by households to non-bank depository institutions, including savings banks, credit unions and community credit cooperatives, gained USD1.10 billion to USD173 billion.

Purchases on credit rose by USD1.38 billion in the quarter, reaching USD50 billion.

It is worth noting that South Korean household loans by insurers, pension funds and credit card firms increased by USD8.63 billion to USD214 billion.

 






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