S. Korea's Non-Bank Lending Hits Record High in 2016
Bank of Korea
Seoul - QNA
Loans extended by South Korea's non-bank lenders reached an all-time high last year while their overall lending also increased by the largest amount in the country's history, central bank data showed Saturday.
Outstanding loans extended by non-bank lenders came to 724.14 trillion won (US$629.7 billion) as of end-2016, up 13.7% from a year earlier, according to the data from the Bank of Korea, cited by state news agency (Yonhap).
A 13.7% on-year spike marks the third fastest rate in 10 years after a 19.2% rise in 2007 and 17.6% in 2008. However, in terms of sheer amount, loans extended by non-bank lenders increased by a net 87.3 trillion won last year, the highest amount since the central bank began compiling such data in 1993.
Non-bank lenders include mutual savings banks, asset management firms and insurances companies, but not private lenders.
- Friday ,16 November GMT 15:05 2018 World Bank Regional Vice President First Visit to West Bank and Gaza
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and Gaza
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 20:39 2017 Wednesday ,27 September
Russian air strikes killed 5 Nusra leaders in Idlib
GMT 15:26 2017 Tuesday ,19 September
Hamza bin Laden: the heir to Al-Qaeda?
GMT 12:00 2016 Saturday ,17 December
Glasgow knock crisis-hit Racing out of rugby's European Cup
GMT 09:30 2018 Monday ,19 November
Are we close to a new era in Turkish-Greek relations?
GMT 14:13 2017 Sunday ,17 December
DEWA calls on public to vote for its One Step initiative
GMT 15:39 2017 Thursday ,25 May
Moroccan Difaa El Jadida’s coach aspires to compete for Champions League
GMT 14:42 2017 Saturday ,22 July
My Market Insight - UK Skincare Performance in May 2017
GMT 11:26 2017 Thursday ,29 June
Dina does not mind to replace other actresses in suitable roles
GMT 20:39 2017 Thursday ,12 October
Israeli authorities close roads as settlers flock to Old City
GMT 09:26 2017 Wednesday ,26 April
Bahraini Prime Minister Meets Thai Counterpart
GMT 01:19 2017 Wednesday ,06 September
Army uncovers bombs, explosive devices
GMT 15:09 2017 Saturday ,14 January
Iraqi forces advance in Daesh stronghold, recapture Mosul University
GMT 09:47 2017 Saturday ,25 February
Spartan race competitors in Abu Dhabi overcome fire and barbed wireGMT 18:48 2011 Wednesday ,23 March
Japan runners head for London race
GMT 10:23 2017 Thursday ,16 February
BRAVE books place in World Amateur Championship
GMT 11:11 2018 Thursday ,11 October
Technologies will play a key role in transformation of health services "Al-Rabiah"
GMT 05:52 2018 Thursday ,04 October
Weapons and ammo left behind by terrorists in Hama, Sweida and Deir Ezzor
GMT 06:31 2015 Friday ,10 July
Female superheroes to the rescue! Or not
GMT 23:44 2016 Tuesday ,05 April
Blood discovery could lead to new Alzheimer's diagnosis
GMT 01:43 2015 Tuesday ,21 July
21st century technology deciphers ancient Hebrew scroll
GMT 05:51 2017 Saturday ,18 March
Cathay pledges to slash staff costs
GMT 21:29 2017 Monday ,13 March
Egypt, Russia finalized aviation security protocol
GMT 12:45 2016 Monday ,12 December
Surging methane emissions imperil climate goals
GMT 01:50 2017 Saturday ,16 December
Qatar economic costs grow amid protracted isolation in GCC
GMT 23:41 2017 Thursday ,26 October
FNC committee discusses Ministry of Health policy
GMT 23:11 2016 Saturday ,03 December
Iran summons kenyan envoy over detention of 2 Iranian nationals
GMT 21:31 2015 Friday ,28 August
UAE sets role model for empowerment of women
GMT 08:36 2017 Saturday ,30 September
At least 1,200 Iraq personnel killed in Mosul operation
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor