Five Major Banks' Household Loans Increase for 4 Consecutive Months... Mortgage Loans Rise by Over 2 Trillion Won

Household Loan Balance at the End of August Stands at 680.812 Trillion Won

As the average loan interest rate in the banking sector has been rising for two consecutive months, a banner displaying the personal credit loan interest rate is hung on the exterior wall of a commercial bank in Seoul on the 31st. Photo by Jinhyung Kang aymsdream@

The household loan volume of the five major banks increased for the fourth consecutive month. Mortgage loans grew by more than 2 trillion won in just one month. According to the five major banks (Kookmin, Shinhan, Hana, Woori, Nonghyup) on the 1st, their household loan balance stood at 680.812 trillion won as of the end of August. This is an increase of 1.5912 trillion won compared to the end of July (679.2208 trillion won). The growth rate has been increasing over time, with 143.1 billion won in May, 633.2 billion won in June, and 975.5 billion won in July.

The mortgage loan balance of the five major banks at the end of last month was 514.9997 trillion won. This is an increase of 2.1122 trillion won compared to July (512.8875 trillion won). The jeonse loan balance was 122.454 trillion won, down by 528.3 billion won from the previous month. The group loan balance was 159.3168 trillion won, a decrease of 468.2 billion won compared to the previous month. The credit loan balance was 108.4171 trillion won at the end of August, down by 265.7 billion won in one month.

The total deposit balance of the five major banks was 1,934.5651 trillion won, an increase of 10.2025 trillion won compared to July. This was largely due to an increase in time deposits and installment savings. The time deposit balance was 844.9671 trillion won, up by 11.9859 trillion won from the previous month. The installment savings balance was 42.2814 trillion won, increasing by 1.0294 trillion won during the same period. On the other hand, demand deposits were 597.9651 trillion won, down by 2.4841 trillion won compared to July.

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