Sunday, 21 July 2019 10:51 GMT
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S. Korea's credit loan growth expands this month




(MENAFN) Official data revealed credit loans conducted by the country's main 5 banks have increased in the first 15 days of the month, on the back of government schemes which bounded mortgage lending rules.

Moreover, the South Korean government has recently increased rules for home mortgages on order to rein in fast growing household debt and reduce property speculation.

The outstanding balance of credit loans held by the 5 banks, including KB Kookmin Bank as well as Shinhan Bank, has reached 93.1 trillion won, underlining a grow by 588.2 billion won compared with late July.

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S. Korea's credit loan growth expands this month

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