January Bank deposit and loan interest rates slightly decreased… Household loan interest rates have risen

[오늘경제 = 장미란 기자]

Last month, bank deposit and loan interest rates fell slightly compared to the end of last year. On the other hand, household loan interest rates have risen.

According to the statistics of the’weighted average interest rate of financial institutions’ released by the Bank of Korea on the 26th, the average of deposit bank loan interest rates in January (weighted average based on the amount of new payments) was 2.72% per year, down 0.02 percentage points from the previous month (2.74%).

By lending entity, the interest rate on corporate loans was 2.69%, down 0.04 percentage points from the previous month (2.73%). In particular, lending to large corporations fell 0.1 percentage point.

The BOK explained that this is due to a fall in market interest rates and an increase in the proportion of loans to outstanding companies by banks.

The household loan interest rate rose from 2.79% in December last year to 2.83% last month, up 0.04 percentage points in a month.

“The rate of mortgage loans among household loans increased by 0.04% point (2.59→2.63%),” said Song Jae-chang, head of Haneun Financial Statistics Team. Explained.

The credit loan interest rate, which rose 0.49 percentage points in December last year, the largest increase in eight years, fell 0.04 percentage points to 3.46% last month.

This is because the market interest rate, such as bank bonds, has been lowered, and the impact of some banks increasing the proportion of high-credit lenders is reflected.

The average of deposit banks’ savings-related interest rates also fell by 0.03 percentage points from 0.90% to 0.87%.

Accordingly, the difference (deposit margin) between the deposit bank’s loan interest rate and the savings-related interest rate was 1.85 percent, up 0.01 percent from December (1.84 percent).

The total received interest rate and total loan interest rate based on the balance, not the new handling standards, were calculated at 0.73% and 2.80%, respectively. The loan-to-deposit margin increased by 0.02 percentage points from December (2.05%) to 2.07%.

Deposit rates for credit unions, mutual finance, and Saemaul Geumgo other than banks (based on the new amount of one-year term deposit) rose by 0.01 percentage points, 0.05 percentage points, and 0.01 percentage points, respectively, last month.

The mutual savings bank’s deposit rate alone decreased by 0.09 percentage points from 2.04% last December to 1.95% last month.

Mutual savings bank loan interest rate rose 0.20 percentage points as the proportion of household loans increased, centering on high-interest credit loans.

Today’s economy

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