According to the’Financial Market Trends in February’ announced by the Bank of Korea on the 10th, the bank’s household loan balance as of the end of February was 1.3 trillion won, an increase of 6.07 trillion won from the end of January (996 trillion won). .
Among household loans, mortgage loans including cheonsei loans (balanced at 733 trillion won) rose 6 trillion won in one month. The increase was higher than in January (5 trillion won).
Other loans (balanced at 26.9 trillion won), which are mostly credit loans, increased by 300 billion won from the end of January.
The increase in household loans for February as well as the banks, as well as the financial sector, was estimated at 9.5 trillion won. Compared to January (10,4 trillion), the increase decreased by 900 billion won, but compared to February last year, a year ago, the size of household loans increased by 8.5%.
The increase in household loans in February (2.8 trillion won) in the second financial sector, including mutual finance, was the same as in January. By type of loan, mortgage loans increased by KRW 1.3 trillion and credit loans increased by KRW 1.5 trillion. Compared to the increase in January, mortgage loans increased by 400 billion won, but credit loans decreased by 400 billion won.
Looking at corporate loans, as of the end of February, the balance of loans in Korean won by companies in banks was 99.3 trillion won, an increase of 8.9 trillion won from January. The increase in February is the highest since the statistics were prepared in June 2009.
In particular, loans to SMEs increased by 8.4 trillion won a month, including loans to private business owners of 4.1 trillion won, which is also the highest ever as of February. The increase in lending to large corporations (600 billion won) was only 7% of the increase in lending to SMEs.
The 3-year and 10-year Treasury bond yields are 1.21% and 2.03% as of the 9th. Compared to the end of January, it increased 0.24 percentage points and 0.26 percentage points, respectively.
The BOK explained that the rise in government bond yields since February is due to the increase in long-term interest rates in major countries such as the United States, the burden of supply and demand for government bonds due to the establishment of additional budgets, and net selling of foreign government bond futures.
Kim Ju Ogija [email protected]