Korean banks' interest rates on household loans up by 4bps

While those on corpo loans went down.

On a year-on-year basis, depository banks' net interest spread (NIS) on outstanding balances fell by 24bps in January 2015.

According to a research note from Nomura, the NIS on newly extended balances fell by 7bps y-y.

Further, interest rates on corporate loans and household loans fell by 60bps y-y, 56bps y-y respectively.

Here's more from Nomura:

NIS on outstanding balance remained flat m-m in January 2015 - Depository banks’ January weighted average net interest spread (NIS) on outstanding balances remained unchanged from December (interest rates on both deposits and loans fell by 4bps m-m).

The NIS on newly extended loans continued to the decline, falling 6bps m-m in January.

Although interest rates on household loans rose by 4bps m-m, interest rates on corporate loans fell by 5bps m-m.