Household loans at commercial banks rise by 2.8 trillion won, term deposits enter the 3% range
Household loans at commercial banks have increased by 2.8 trillion won this month, while credit loans have grown by 1.6 trillion won. Banks are responding by reducing credit-loan limits, raising interest rates, and applying term-deposit rates in the 3% range.
Household loans at commercial banks have increased by 2.8 trillion won this month, while credit loans have grown by 1.6 trillion won. These figures show that the pace of household-loan growth is accelerating again.
Commercial banks have raised term-deposit rates to as high as the 3% range. Banks are also working to attract corporate funds.
The banking sector is tightening credit-loan regulations across the board while remaining wary of leveraged investing. The measures include reducing loan limits and raising interest rates.
Shinhan and Hana have applied limits on credit loan amounts. Woori Bank has suspended its credit loan refinancing service through loan comparison platforms.
Several banks are reviewing or informing individual customers about their credit limits and interest rate terms. Some banks have adjusted their internal screening criteria.
At a recent policy-related conference, discussions were held on the theme of changes and continuing elements. There were remarks on the financial sector and policy direction.
The financial sector is moving toward strengthening credit loan management for the time being. Higher deposit rates and credit loan regulations directly affect banks’ fund flows and households’ access to loans.