Will Bank Interest Income Hit an All-Time High This Year? [3-Minute Brief]

Published 26 Aug.2024 08:30(KST)

Updated 19 Jan.2025 11:09(KST)

[At a Glance]
① Kim Dong-seon, Galleria Public Tender Offer, Hanwha Shares as Collateral
② Federal Reserve Officials Gathered in Jackson Hole Weigh 'Baby Cut'
③ US Clean Energy Wave Bankruptcies... Was the IRA a Mirage?

MARKET INDEX : Year to date
Will Bank Interest Income Hit an All-Time High This Year? [3-Minute Brief] 원본보기 아이콘

- This week's KOSPI expected range: 2650~2770 band

- Nvidia's earnings likely to determine market direction

- Seoul apartment prices continue rising for 22 consecutive weeks

Top3 NEWS
■ Growing Loan-Deposit Margin... Will Banks Hit Record High Interest Income This Year?
- Policy mismatches cause loan rates to rise and deposit rates to fall
- Bank interest income substantial... approaching 30 trillion KRW in the first half
- Possibility of banks surpassing 60 trillion KRW in interest income for the first time this year
■ Kim Dong-seon Launches Galleria Tender Offer... 54.4 Billion KRW 'Ammo' Secured with Hanwha Stock Collateral
- Tender offer for 34 million common shares
- Offer price 1,600 KRW, closing price up 34%
- If successful, stake rises from 2.3% to 19.8%
■ US Fed Officials Gathered at Jackson Hole Hint at "September Rate Cut"... Emphasis on Baby Cut
- Presidents of Philadelphia and Boston Federal Reserve Banks
- Emphasis on "systematic, gradual cuts"
- 0.25% rate cut, the so-called 'Baby Cut'
Graphic News: US Clean Energy Startups Filing for Bankruptcy in Waves... Is 'Carbon Neutrality' a Mirage?
Will Bank Interest Income Hit an All-Time High This Year? [3-Minute Brief] 원본보기 아이콘

- Strict tax credits and tightened investment inflows... stock prices plummet
- Big tech's data center proliferation causes sharp rise in greenhouse gases
- Trump vs. Harris, polarized policies increase uncertainty

the Chart: Seoul Apartment Prices Rise for 22 Consecutive Weeks... But the Rate of Increase Slows
Will Bank Interest Income Hit an All-Time High This Year? [3-Minute Brief] 원본보기 아이콘

- 'Gangnam 3 districts' and 'Mayongsung' lead the upward trend... cautious outlook also present
- Gwacheon, Bundang, Hanam surge... provincial apartment prices decline
- Continued shortage of listings and steady demand for small to medium-sized jeonse (long-term lease) units

Terms in the News: Korean School Anthem Echoes at Koshien (甲子園)
Students participating in the opening ceremony of the National High School Baseball Championship (Summer Koshien) held on the 7th at Hanshin Koshien Stadium in Hyogo Prefecture, Japan, are lined up. (Photo by Yonhap News)

Students participating in the opening ceremony of the National High School Baseball Championship (Summer Koshien) held on the 7th at Hanshin Koshien Stadium in Hyogo Prefecture, Japan, are lined up. (Photo by Yonhap News)

원본보기 아이콘

- The dream of Japanese baseball clubs, 'Koshien'... fierce competition just to qualify

- Many stars produced including Hideki Matsui and Shohei Ohtani

- Korean-affiliated school Kyoto International High defeated Kanto Daiichi High

Today's Key Schedule

○Domestic


○Overseas
- 17:00 Germany August Ifo Consumer Confidence Index

- 21:30 US July Durable Goods Orders

- 21:30 Canada July Wholesale Sales

- 22:30 US Atlanta Fed Q3 GDPNow


◇Lunch & Commute Weather
○ Low temperature 25℃(▼1℃) ｜High temperature: 31℃(▼1℃)
○ Precipitation probability 30% in the morning｜30% in the afternoon
○ Fine dust Good in the morning｜Good in the afternoon
Will Bank Interest Income Hit an All-Time High This Year? [3-Minute Brief] 원본보기 아이콘

3 minutes is OK, essential time-efficient economic news. Published daily at 8 AM.



© The Asia Business Daily(www.asiae.co.kr). All rights reserved.