Arab Today, arab today bank lending rates in korea rebound
Last Updated : GMT 02:23:37
Arab Today, arab today
Arab Today, arab today

Bank lending rates in Korea rebound

Arab Today, arab today

Arab Today, arab today Bank lending rates in Korea rebound

Seoul - XINHUA

Bank lending rates in South Korea rebounded in January from a record low level as demand for mortgage loans reduced amid the end of temporary tax benefits for housing transactions, central bank data showed Wednesday. Weighted average annual rate for new loans extended by banks to households and companies was 5 percent in January, rebounding from an all-time low of 4.84 percent in the prior month, according to the Bank of Korea (BOK). The rate for fresh household loans jumped 30 basis points last month after demand for home-backed loans fell amid the end of temporary tax cuts for home trading in December. Mortgage loans extended by banks decreased 2.3 trillion won in January after rising in the prior month. The rate for new corporate loans inched up 3 basis points in January after falling 4 basis points in the previous month. Average annual rate on bank deposits declined 10 basis points from a month earlier to 3 percent in January as market interest rates stayed at a low level in tandem with the BOK\'s monetary easing stance. The central bank cut its policy rate in July and October last year. The rate for market-type financial products such as certificate of deposit (CD) decreased 11 basis points, with the one for savings deposits falling 10 basis points. Loan-to-deposit spread, a gauge of banks\'profitability from lending, was 263 basis points in January, up 2 basis points from the prior month.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank lending rates in korea rebound Arab Today, arab today bank lending rates in korea rebound

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank lending rates in korea rebound Arab Today, arab today bank lending rates in korea rebound

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday