. Press "Enter" to skip to content

Corporate loan growth slightly accelerates in Q2

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)

Source link

 138 total views,  1 views today

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *