Convenient office worker loan S for employees of’designated companies’ such as large companies
Up to 150 million to 200 million won to 100 to 150 million won
This year’s’equity debt investment’ increased 650 billion won in’Matong Loans’ of the 5 major banks
Photo = Yonhap News
Shinhan Bank is reducing the maximum limit of credit loans for office workers by 50 million won. It is analyzed that this is because the financial authorities sent a warning signal to the surge in household debt as the’debt investment (investing from debt)’ became active as the stock market recently boomed.
According to the financial sector on the 15th, Shinhan Bank raised the maximum of 150 million won to 200 million won for each case of four credit loan products such as’Eliteron I·II’ and’Convenient Office Worker Loan SⅠ·II’ for employees of designated companies. It decided to lower it to 100 million to 150 million won This is a credit loan for employees of conglomerates such as Shinhan Bank’s main business partners. However, it was decided to keep the maximum limit for negative bankbooks at 100 million won. An official at Shinhan Bank explained, “As the stock market has overheated, the surge in household loans has been steep, and this decision was made in terms of preemptive risk management.”
At the end of last year, Shinhan Bank lowered the credit limit for professionals such as doctors and lawyers from 250 million to 300 million won to 200 million won to 100 million won. It followed the policy of the Financial Supervisory Service to prevent high-income and high-credit people from investing in real estate with debt.
It is noteworthy that Shinhan Bank’s current limit reduction targets general-purpose credit loans that can be received by office workers at large corporations, and is the first to reduce the limit while the stock market is booming. On the 11th, the Financial Supervisory Service held a videoconference with the vice presidents in charge of loans at major banks to check the status of household debt at the beginning of the year.
In the new year, banks’ credit balances are growing rapidly. The negative bank account balance (used amount) of five major banks, including Shinhan Kookmin Hana Woori Nonghyup Bank, rose 635.3 billion won this year to 47,513 trillion won as of the 12th. In the financial sector, other banks are highly likely to reduce their credit limit to block’stock debt.’
Reporter Daehoon Kim/Soram Jung [email protected]
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