Arab Today, arab today household loan growth picks up in august in seoul
Last Updated : GMT 19:52:56
Arab Today, arab today
Arab Today, arab today

Household loan growth picks up in August in Seoul

Arab Today, arab today

Arab Today, arab today Household loan growth picks up in August in Seoul

Seoul - Yonhap

Household loans extended by South Korean financial institutions grew at a faster pace in August than in the previous month on a seasonal factor, the central bank said Monday. Outstanding household lending by local banks and non-bank institutions totaled a record 670.8 trillion won (US$626.7 billion) as of end-August, up 3.3 trillion won from the previous month, according to the Bank of Korea (BOK). The August monthly gain compared with a 1.1 trillion won on-month increase in July. The BOK said that the loan growth accelerated in August mainly because more people took out credit loans to cover spending for summer vacations. Depository institutions\' housing loans grew by 1.2 trillion won on-month to 408.4 trillion won. Credit lending extended by such institutions gained 2.1 trillion won in August, also picking up from 900 billion won in July. Local banks\' household loans rose 1.8 trillion won on-month to 472.6 trillion won, the central bank said. The data came as BOK policymakers are to hold their monthly rate-setting session on Thursday. Analysts said that the BOK is widely expected to freeze the key interest rate at 2.5 percent for the fifth straight month. South Korean policymakers are struggling to curb growing household debt as the private sector\'s high indebtedness is feared to crimp domestic demand, hurting economic growth. Korea\'s household credit rose to a fresh record high of 980 trillion won as of end-June.

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 household loan growth picks up in august in seoul Arab Today, arab today household loan growth picks up in august in seoul

 



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 household loan growth picks up in august in seoul Arab Today, arab today household loan growth picks up in august in seoul

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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