[Exclusive] KB Kookmin Bank Resumes Loans... Lifting Branch-Specific Limit Controls

[Asia Economy Reporter Kim Jin-ho] KB Kookmin Bank has fully lifted the branch-level limits on household loans, which were initially planned to be temporarily operated until the end of the year. This indicates that the tightly closed doors of household loans at commercial banks have begun to open slightly in the second half of the year, suggesting that there is some leeway in total volume management due to the intense tightening of loans.

According to the financial sector on the 15th, Kookmin Bank lifted the measure of managing new household loan limits by branch as of this day. The measure was originally scheduled to be implemented until the end of the year but was terminated early. A Kookmin Bank official said, "Although there is not much time left this year, borrowers are expected to have some breathing room."

Earlier, Kookmin Bank had managed new household loan limits by branch since early October. At that time, the household loan balance had increased by 5% compared to the end of the previous year, approaching the government's recommended rate for this year (5-6% annually).

Meanwhile, following Kookmin Bank's move, the only bank managing household loan limits by branch is Woori Bank. Since September, Woori Bank has been managing monthly and branch-level limits for jeonse loans, apartment mortgage loans, and housing mortgage loans.

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