s korean banks\ longterm foreign borrowing soars
Last Updated : GMT 20:27:03
Arab Today, arab today
Arab Today, arab today

S Korean banks\' long-term foreign borrowing soars

Arab Today, arab today

Arab Today, arab today S Korean banks\' long-term foreign borrowing soars

Seoul - Xinhua

South Korean banks\' long-term foreign borrowing soared in October as local lenders rushed to secure foreign currency in a bid to brace for a possible crisis, the financial watchdog said Monday. The rollover rate of long-term external debts with a maturity of one year or more at 12 domestic banks, excluding regional banks, stood at 299.3 percent in October, sharply up from 186.6 percent a month earlier, the Financial Supervisory Service (FSS) said in an e-mailed statement. The sharp rise in fresh foreign debts was mainly attributable to domestic banks that proactively secured long-term funds to get ready for a crisis situation and year-end book closing, the FSS said. The rollover rate gauges the percentage of fresh borrowing from overseas against foreign debts that mature in one year or more. The rate above 100 percent means local lenders refinanced their maturing foreign debts rather than paying back them. The refinancing rate of short-term foreign debts maturing in one year or less at 16 domestic banks came in at 108 percent, down from 136.4 percent tallied in September, according to the watchdog. Conditions for foreign borrowing improved slightly last month amid Europe\'s policy efforts to solve its debt crisis and expanded foreign currency swaps with Japan and China, the FSS said. South Korea increased its swap lines with China to 360 billion yuan (57 billion U.S. dollars) from 180 billion dollars, while expanding its swap lines with Japan to 70 billion dollars from 13 billion dollars.  

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*

s korean banks\ longterm foreign borrowing soars s korean banks\ longterm foreign borrowing soars

 



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*

s korean banks\ longterm foreign borrowing soars s korean banks\ longterm foreign borrowing soars

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Banyan Tree Phuket Takes Festive Season

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Top Democrat faces investigation

GMT 09:50 2017 Friday ,17 November

Top Democrat faces investigation
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Angola oil boss sacked by father's protege

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Urban, young and active?

GMT 11:01 2017 Thursday ,16 November

Urban, young and active?
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today Unloved vultures fight for their survival

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 09:23 2017 Wednesday ,15 November

Years melt away as Bening & Bell play unlikely lovers

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 13:40 2017 Monday ,13 November

Pollution spikes in Delhi amid warnings

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 10:55 2017 Thursday ,16 November

UN warns fuel running out

GMT 01:04 2017 Wednesday ,15 November

In Morocco, a blue tourist town

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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