Bloomberg News

South Korea’s Household Bank Loans Rise to 457.1 Trillion Won

July 10, 2012

South Korea’s bank lending to households rose by 1.3 trillion won ($1.1 billion) last month to 457.1 trillion won, the Bank of Korea said in an e-mailed statement today.

Mortgage lending rose 1.2 trillion won to 310.4 trillion won, today’s report showed. Loans to companies gained 0.7 trillion won to 582 trillion won.

The broadest measure of money supply, M2, rose 0.3 percent in May from the previous month after a 0.6 percent gain in April, according to a separate central bank statement.

To contact the reporter on this story: Eunkyung Seo in Seoul at

To contact the editor responsible for this story: Paul Panckhurst at

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