banks\ overseas borrowing improves in january
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Banks' overseas borrowing improves in January

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Arab Today, arab today Banks' overseas borrowing improves in January

Seoul - YONHAP
South Korean banks' overseas borrowing conditions improved in January compared with about a year ago as the portion of short-term foreign borrowing declined sharply due to growing foreign-currency deposits, the financial regulator said Monday. The outstanding amount of foreign-currency debts held by 12 local banks reached US$116.4 billion at the end of January, sharply down $9.9 billion from $126.3 billion at the end of 2011, according to the Financial Supervisory Service (FSS).
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