Only Debt Is Increasing... Household Loans Rise in Gwangju and Jeonnam in July
[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] In July, household loans in the Gwangju and Jeonnam regions increased significantly.
According to the "Regional Financial Institution Deposit and Loan Trends" released on the 23rd by the Bank of Korea Gwangju Jeonnam Headquarters, as of the end of July, the outstanding balance of household loans was 30.8286 trillion KRW at deposit banks and 27.7760 trillion KRW at non-bank institutions, totaling 57.6046 trillion KRW.
Looking only at household loans borrowed in July, loans increased by 856.8 billion KRW compared to the previous month, with 478.2 billion KRW from deposit banks and 378.6 billion KRW from non-bank sectors.
The total outstanding loan balance was 72.2617 trillion KRW at deposit banks and 48.9309 trillion KRW at non-bank sectors, totaling 121.1926 trillion KRW, with household loans accounting for 47.6% of the total.
The deposit balance recorded a total of 145.8367 trillion KRW, with 58.1635 trillion KRW at deposit banks and 87.6732 trillion KRW at non-bank sectors.
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