Banknote deposit and loan rates rose side by side last month.
According to the statistics on the weighted average interest rate of financial institutions in November released by the Bank of Korea on the 30th, the savings-type receiving interest rate (weighted average, based on new treatment amount) of deposit banks was 0.90% per year, up 0.02 percentage points from October.
The loan rate was 2.71% per year, up 0.05 percentage points from a month ago.
The savings-related interest rate for banknotes and loan interest rates remained at the same level as a month ago in October, and then rose at the same time last month.
Among corporate loans, the interest rate for SME loans rose 0.05 percentage points from 2.81% in October to 2.86% in November.
Large corporate loans remained at 2.49% as in October.
Household loan interest rates rose by 0.08 percentage points from 2.64% per annum to 2.72% per annum.
This is the biggest gain this year.
The rate of increase in the mortgage loan rate was 0.09 percentage points (2.47% → 2.56%).
The general credit loan rate fell 0.14 percentage points.
This is due to a large increase in non-face-to-face loans, mainly from high-credit borrowers (money borrowers).
A BOK official said, “Non-face-to-face loans have an interest rate of 0.10 percentage points lower than that of in-person loans.” Temporarily increased,” he explained.
The difference between the deposit bank’s loan interest rate and the savings-related interest rate, that is, the loan-to-deposit margin increased from 1.78% in October to 1.81% in November.
The total received interest rate and total loan interest rate based on the balance, not the new handling amount, were 0.79% per year and 2.81% per year, respectively, down by 0.03 percentage points and 0.02 percentage points from a month ago.
Non-bank mutual banking and Saemaul Geumgo’s deposit rates for November (based on a one-year term deposit) were 1.09% per year and 1.62% per year as in October.
Mutual savings banks’ deposit rates rose by 0.02 percentage point, while credit unions fell by 0.01 percentage points.
Loan interest rates (based on general loans) fell 0.13 percentage points for mutual savings banks and 0.09 percentage points for Saemaul Geumgo, while credit cooperatives and mutual finances increased 0.06 percentage points and 0.02 percentage points, respectively.
/yunhap news