Loan balance of 453.4 billion in one week after resumption of credit loan
7411 books in 4 days with negative bankbooks, twice the previous year
“The stock market has been hot since the beginning of the year, and the investment demand is soaring”
The scale of bank credit loans, which had slowed down at the end of last year, is increasing rapidly again. As commercial banks resumed new credit loans and the stock market boomed, with the KOSPI surpassing 3,000 for the first time in the new year, demand for’debt investment (investing in debt)’ is rushing.
According to the five major commercial banks of KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup on the 10th, the total credit loan balance was 134 trillion 101.5 billion won. Compared to last year’s 31st (133,6482 billion won), this year’s 4 business days (4-7 days) increased 453.4 billion won.
During the same period, new credit loans (limited transaction loans or automatic bankbook loans) through negative bankbooks increased from 1048 on December 31 last year to 1960, which doubled on the 7th. Accordingly, on the 1st to 7th of this month, a total of 7411 new negative bankbooks and the balance of negative bankbooks increased by 241.1 billion won (46,531 billion → 46,772.1 billion won).
This seems to be because demand for debt investment (investing through loans) rebounds as the stock market shows booming, with the KOSPI surpassing 3000 for the first time this year. Also, at the end of last year, banknotes closed major credit lines for “management of the total amount of household loans,” and then re-opening the bar at the beginning of the year is considered as a background for the increase in credit loans.
Banks have resumed selling flagship credit products starting this year. KB Kookmin Bank has unusually blocked all new household credit loans exceeding 20 million won since the 22nd of last month, but removed it this month. Woori Bank also resumed the sale of the non-face-to-face credit loan product’We WON Office Worker Loan’, which was discontinued since December 11 last year.
Shinhan Bank and Kakao Bank, an internet bank, also resumed non-face-to-face’convenient employee credit loans’, which were blocked at the end of last year, and negative bankbook credit loans for high-credit employees, respectively.
The financial authorities plan to closely monitor whether the monthly credit balance increase target of KRW 2 trillion is exceeded, while receiving an annual loan plan from a financial company. After that, it plans to set a target for this year’s loan growth based on the total amount of loans made last year.
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