Company mortgage progress in South Korea barely picked up within the second quarter from three months earlier, central financial institution information confirmed Wednesday, primarily on account of a modest acquire in loans for the service sector.
The excellent loans prolonged to native firms got here to 1,478.5 trillion gained ($1.27 trillion) as of end-June, up 42.7 trillion gained from three months earlier, in accordance with the info from the Financial institution of Korea (BOK).
By industrial sector, loans to manufacturing companies rose 4.9 trillion gained on-quarter to 404.8 trillion gained as of the top of June.
Whole loans within the service sector expanded 33.7 trillion gained to 945.5 trillion gained, in contrast with a progress of 31.1 trillion gained within the first quarter.
Lending to property companies elevated 12.1 trillion gained to achieve a file 307.6 trillion gained within the April-June interval.
Loans to wholesale and retail firms reached 213.5 trillion gained as of the top of June, up 8 trillion gained from 1 / 4 earlier. (Yonhap)
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