South Korea's corporate lending surges to $504B
South Korean banks' corporate lending rose sharply in January from the previous month, with a particular growth in lending to big corporations.
According to the Bank of Korea, corporate loans by local banks gained by 6.8 trillion won on-month to 563 trillion won $504 billion, turning around from a 9.1 trillion won fall in December, according to the central bank's preliminary estimate.
Bank lending to large firms expanded sharply by 5 trillion won to 120.1 trillion won, as some large-size industrial groups tried to increase liquidity.
Bank loans to smaller firms grew 1.9 trillion won to 442.9 trillion won, it said.
For the source of this story, click here.
|
|
Sign up for our weekly newsletter
|
Do you know more about this story? Contact us anonymously through this link.
Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.
Tags: South Korean banks, South Korea corporate lending, South Korea loans, Korean corporations, Bank of Korea
_0.JPG "State Bank of India posts massive profit increase")
