The Korea Herald

지나쌤

[Graphic News] Household loans surge

By Korea Herald

Published : May 17, 2015 - 20:35

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The growth of commercial banks’ lending to the household sector climbed to its highest rate in seven years last month in the wake of the brisk trading in the real estate market, data showed Sunday.
According to the Bank of Korea, banks’ outstanding household loans (including transferred mortgage loans) reached 579.1 trillion won ($534 billion) in April, posting an 8.46 trillion won increase from a month earlier.
This marked the largest monthly increase since 2008. Economists cited home purchases as a major factor in the rapid increase.