Following Commercial Banks, Regional Banks Also Tighten Loans... Gyeongnam Bank Temporarily Suspends Jeonse Loans and Others

Reference image of bank loan counter = Photo by Yonhap News

[Asia Economy Reporter Kim Hyojin] Following the financial authorities' policy, major commercial banks are tightening loans one after another, and regional banks are also beginning to actively manage loans.

According to the banking sector on the 13th, BNK Gyeongnam Bank temporarily suspended jeonse (long-term deposit) loans starting from the previous day. BNK Gyeongnam Bank also halted mortgage loans (product names: Jipjipmada Anshim Loan, Jipjipmada Doum Loan II).

Some credit loans, including credit loans for public officials and teachers excluding low-credit borrowers, as well as Workplace Plus Alpha Loans, have also been suspended. The loan suspension will continue until the end of the year.

Bogeumjari Loan and Didimdol Loan are still available, and loans for youth jeonse deposits in Gyeongnam and Ulsan, conducted through agreements with Gyeongnam Province, Ulsan City, and the Korea Housing Finance Corporation, are also possible. Mid-interest rate and low-credit loans have not been suspended to support actual demanders.

BNK Gyeongnam Bank explained that this decision was made to manage the total volume and risk of household loans.

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