【Anchorment】
In the fourth quarter of last year, as Corona 19 re-proliferated and social distancing was strengthened, service loans increased by nearly 30 trillion won.
In particular, the growth rate of loans was the highest since 2008, as financial difficulties continued, especially in the lodging and restaurant businesses.
It’s hard to beat.
【 reporter 】
According to the statistics released by the Bank of Korea,’Loans by Industry of Deposit Handling Institutions in the 4th Quarter of 2020′
At the end of the fourth quarter of last year, loans from all industries were KRW 139.3 trillion, up 27 trillion KRW from the end of the third quarter.
Although the increase was less than in the third quarter, the increase compared to the same period of the previous year was the highest since statistics were compiled in 2008.
By industry, service loans increased by KRW 28.7 trillion from the end of the third quarter.
The growth rate is similar to that of the third quarter, but the year-on-year increase is the highest ever.
Among the service industries, in particular, the growth in the lodging/restaurant and finance/insurance industries exceeded the increase in the third quarter.
【Telephone interview】 Jaechang Song, Team Leader/Bank of Korea Financial Statistics Team
“In the case of the lodging and restaurant business, the overall business situation deteriorated as the number of coronavirus confirmed in the fourth quarter increased. In the case of the finance and insurance business, we expanded the purchase of corporate papers remaining in the trust accounts of securities companies and banks at the end of the year.”
On the other hand, loans to the manufacturing industry decreased by 2.2 trillion won.
【Telephone interview】 Jaechang Song, Team Leader/Bank of Korea Financial Statistics Team
“After the third quarter of last year, the manufacturing industry continued to recover in the fourth quarter.
With the increased capacity to repay funds, the year-end effect of companies temporarily repaying their loans to manage their financial ratios at the end of the year also took effect.
By loan use, the increase in working capital loans decreased compared to the third quarter, while the increase in facility fund loans was large.
By institution that gave loans, deposit banks increased by KRW 12,6 trillion, and non-bank deposit handling institutions increased by KRW 15 trillion, which is a smaller increase from the third quarter.
In terms of deposit bank loans, the increase in corporate companies decreased, but the increase in non-incorporated companies such as individual businesses increased.
This is Gyeongji Kang at TBS.
#Bank of Korea #Loan #Service #Manufacturing #Corona
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