Arab Today, arab today banks to increase sme lending by won 35tr won in 2014
Last Updated : GMT 15:51:18
Arab Today, arab today
Arab Today, arab today

Banks to increase SME lending by won ?35tr won in 2014

Arab Today, arab today

Arab Today, arab today Banks to increase SME lending by won ?35tr won in 2014

Seoul - Yonhap

South Korean banks plan to increase lending for smaller firms by 34.6 trillion won (US$32.5 billion) this year, as their funding demand is expected to rise upon a moderate economic recovery, the financial regulator said Thursday. Local banks have recently notified the Financial Services Commission (FSC), the country's financial watchdog, of their lending plan for small and medium enterprises (SMEs) in 2014, the FSC said in a press release.

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