, Australia

South Korea's corporate lending surges to $504B

South Korean banks' corporate lending rose sharply in January from the previous month, with a particular growth in lending to big corporations.

 

According to the Bank of Korea, corporate loans by local banks gained by 6.8 trillion won on-month to 563 trillion won $504 billion, turning around from a 9.1 trillion won fall in December, according to the central bank's preliminary estimate.

Bank lending to large firms expanded sharply by 5 trillion won to 120.1 trillion won, as some large-size industrial groups tried to increase liquidity.

Bank loans to smaller firms grew 1.9 trillion won to 442.9 trillion won, it said.

For the source of this story, click here.

Join Asian Banking & Finance community

Event News

Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry.