Wednesday, July 30, 2014   

SKorea household loans growing
(07-08 16:05)

Household loans extended by South Korean deposit takers kept a record-breaking trend for four months in a row, central bank data showed Tuesday.
Household loans by deposit takers, including banks and non-bank lenders, reached a fresh monthly high of 699.3 trillion won (HK$5.38 trillion) as of the end of May, up 3.8 trillion won from a month earlier, according to the Bank of Korea.
Loans owed by households kept the record-breaking trend since February when the figure recorded 688.1 trillion won.
Mortgage loans increased 2.6 trillion won in May from a month earlier, with credit loans growing 1.2 trillion won.
Bank loans expanded 2 trillion won in the cited period. Those extended by non-bank lenders, including mutual savings banks, credit unions, community credit cooperatives and mutual finance companies, rose 1.8 trillion won.
Household credit, including loans from private lenders and insurers as well as sales on credit, came in at 1,024.8 trillion won as of end-March. Among them, loans by deposit takers accounted for 67.4 percent. --Xinhua   
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