Corona and debts overlap… Credit loans only 32 trillion ↑, corporate loans 107 trillion ↑
Last year, the demand for living funds due to Corona 19, the demand for ‘spirits’ for real estate and stock investments, and for ‘debt investment’ (investing through loans) increased, and household loans rose to the highest in history of over 100 trillion won. In December, the rapid rise in credit loans has subsided due to the’restriction of household loans’ by the financial authorities and the banking sector, but household loans related to housing, including leased household loans, still increased by nearly 7 trillion won due to the rise in jeonse prices.
According to the’Financial Market Trends in December 2020′ announced by the Bank of Korea on the 14th, the bank’s household loan balance as of the end of last month was 988 trillion won. It is an increase of 10 trillion won from a year ago, the largest increase since statistics were compiled in 2004.
Among household loans, the balances of home mortgage loans (including housing-related loans such as cheonsei loans) and other loans (credit loans, etc.) at the end of last year were 721 trillion and 266 trillion won, respectively. Gradually increased.
The annual increase is the highest since 2015 (70 trillion won) and 2004 statistics.
Household loans increased by 6.6 trillion won a month last month. Compared to the record high in November (13.7 trillion won), the rate of increase fell significantly.
In particular, the increase in other loans, mostly credited by credit loans, plunged from 7.4 trillion won in November to 400 billion won in December.
However, the increase in mortgage loans (6.3 trillion won) increased by 100 billion won rather than in November (6.2 trillion won). In particular, the chartered loans jumped 2.8 trillion won a month, setting a record for the second time following last year’s February (3.7 trillion won).
According to the’Household Loan Trends in December’ announced by the Financial Services Commission and the Financial Supervisory Service on the day, household loans for all financial sectors, including the second financial sector (+1.8 trillion won), increased by 8.5 trillion won last month. The second financial sector’s mortgage loans increased by KRW 400 billion, and other loans such as credit loans increased by KRW 1.4 trillion.
Looking at corporate loans, as of the end of last month, the balance of loans in Korean won by companies was 976 trillion won, which is 107.4 trillion won higher than at the end of 2019. It is the largest annual increase since the statistics related to 2009 were compiled.
However, the balance of corporate loans in December decreased by 5.5 trillion won from November.
Large corporations and SMEs (including individual business owners) decreased by 5 trillion won and 600 billion won, respectively, but when looking at individual business owners, loans increased by 1.9 trillion won.
As of the end of last month, the balance received by banks that are not loans (loans) increased to 1937 trillion won, an increase of 23 trillion won per month.
Reporter Kim Ji-eun
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