Household Loans Decrease for 15 Consecutive Months... Down by 4.6 Trillion Won

Last month, household loans at the five major banks decreased by more than 4 trillion won.

According to KB Kookmin, Shinhan, Woori, Hana, and NH Nonghyup Banks on the 3rd, the outstanding balance of household loans as of the end of March was 680.7661 trillion won, down 4.6845 trillion won from the previous month (685.4506 trillion won). Household loans have been declining for 15 consecutive months since January.

Looking at the loans by type, mortgage loans decreased by 1.5537 trillion won from 512.7857 trillion won to 511.2320 trillion won compared to the previous month. Jeonse deposit loans also decreased by 1.0914 trillion won from 128.5152 trillion won to 126.6138 trillion won. Personal credit loans recorded 110.9402 trillion won, down 2.5463 trillion won from the previous month, marking 16 consecutive months of decline since December 2021. However, corporate loans increased by 3.7512 trillion won to 714.6748 trillion won, unlike household loans.

The total deposit balance also decreased by 18.2675 trillion won to 1,871.537 trillion won from the previous month (1,889.8045 trillion won). Time deposits fell by 10.3622 trillion won to 805.3384 trillion won compared to the previous month, turning to a downward trend. Regular savings also decreased by 23.12 billion won to 37.0908 trillion won compared to last month.

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