Bloomberg News

South Korea’s Household Bank Loans Rise to 455.8 Trillion Won

June 06, 2012

South Korea’s bank lending to households increased the most in seven months in May, rising by 2.2 trillion won ($1.89 billion) to 455.8 trillion won, the Bank of Korea said in an e-mailed statement today.

Mortgage lending rose 1.3 trillion won to 309.3 trillion won last month, the statement said. Loans to companies gained 3.7 trillion won to 581.3 trillion won.

The broadest measure of money supply, M2, increased 0.6 percent in April from the previous month after staying flat in March, according to a separate central bank statement.

To contact the reporter on this story: Cynthia Kim in Seoul at ckim170@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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