Credit loans from the 5 major banks surged by KRW 450 billion after the authorities were released from regulations

The bank’s loan balance, which had been stagnant by financial authorities’ pressure, has been growing rapidly this year. It is analyzed that the demand for debt investment (investing through loans) is also driving again as the stock market shows a boom, such as the KOSPI exceeding the 3000 line for the first time in history.

According to the financial sector on the 10th, the total credit balance of KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup’s five commercial banks as of the 7th was 134.101.5 billion won. Compared to the end of last year (133,6482 billion won), it is an increase of 453.4 billion won in 4 business days (4-7 days).

The number of executions of new credit loans (limited transaction loans or automatic bankbook loans) through negative bankbooks has increased significantly. On the 7th, the number of new credit loans through negative bankbooks reached 1960, which doubled from December 31st last year (1048). The number of negative bankbooks opened on the 5th (1828) and on the 6th (1846) after recording 1777 on the 4th, has been increasing. During the same period, the negative bank account balance also increased by 241.1 billion won to 46,772.1 billion won from the end of the previous year.

Major banks are resuming the operation of credit lending products, which were discontinued at the end of last year. Woori Bank resumed the sale of the non-face-to-face credit loan product’We WON Office Worker Loans’, which had been discontinued since December 11, last year. Shinhan Bank and Kakao Bank, an internet-specialized bank, are re-treating the’convenient office worker credit loans’ that have been discontinued since the 1st and credit loans from negative bankbooks for high-credit office workers. KB Kookmin Bank, which stopped all new household credit loans of 20 million won or more from the 22nd of last month, removed the ’20 million won’ standard.

An official from the financial sector said, “As the financial authorities initially took measures such as’stopping credit loans’ for a limited time until the end of the year’, banks are rapidly resuming the sale of credit loan products.” “The increase in credit lending is expected to remain.”