Household Loans in All Financial Sectors Increased by 10.9 Trillion KRW in September... Increase Reduced by 3.4 Trillion KRW

The Increase in Mortgage Loans Expands by 800 Billion Won

[Asia Economy Reporter Kim Hyo-jin] The Financial Services Commission and the Financial Supervisory Service announced on the 13th that household loans across the entire financial sector, including banks and the secondary financial sector, increased by 10.9 trillion won last month, a decrease of 3.4 trillion won compared to the previous month (14.3 trillion won).

Household loans in the banking sector increased by 9.7 trillion won, with the growth rate decreasing by 2.1 trillion won compared to the previous month (11.8 trillion won), while the secondary financial sector saw an increase of 1.1 trillion won, down 1.4 trillion won from the previous month (2.5 trillion won).

By loan category, mortgage loans across all financial sectors increased by 7.1 trillion won last month, which is 800 billion won more than the previous month's (6.3 trillion won) growth.

In the banking sector, mortgage loans increased by 6.7 trillion won due to rises in jeonse deposit loans (3.5 trillion won) and general mortgage loans (2 trillion won). The growth rate expanded by 600 billion won compared to the previous month (6.1 trillion won).

In the secondary financial sector, mortgage loans increased by 400 billion won, an increase of 200 billion won compared to the previous month (200 billion won).

Other loans in the financial sector, centered on credit loans, increased by 3.3 trillion won. Compared to the previous month (8 trillion won), the growth rate shrank by 4.2 trillion won.

In the banking sector, credit loan demand remained steady amid the low-interest-rate environment, increasing by 3 trillion won, but the growth rate decreased by 2.7 trillion won compared to the previous month (5.7 trillion won).

The secondary financial sector also saw an increase of 700 billion won due to credit loan growth, but the growth rate shrank by 1.6 trillion won compared to the previous month (2.3 trillion won).

The financial authorities stated, "We will closely monitor household loan trends to ensure that the increase in household debt does not become a risk factor for our economy. If household debt instability continues, we will consult with related ministries to implement necessary management measures."

Financial Services Commission

This content was produced with the assistance of AI translation services.