Since the beginning of the new year, household loans have been increasing, particularly centered around mortgage loans.
According to the financial sector on the 27th, the household loan balance of the five major commercial banks (Korea's KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) was 735.8292 trillion won as of the 23rd, an increase of 1.6942 trillion won from the end of last month (734.1350 trillion won). Although this is far from last year's increase (9.6259 trillion won in August), it is an increase from last month's figure (796.3 billion won). The total increase in household loans last year was 41.7256 trillion won.
The mortgage loan balance of the five banks increased by 1.4868 trillion won, rising from 578.4635 trillion won to 579.9503 trillion won during the same period. This figure is similar to last month's increase (1.4697 trillion won), with mortgage loans continuing to drive the increase in household loans this month.
As of the 23rd, the balance of jeonse loans was 119.8757 trillion won, an increase of 3.697 billion won from last month's (119.5060 trillion won) figure. During the same period, the balance of credit loans increased from 103.6032 trillion won to 103.7141 trillion won, while the group loan balance decreased by 6.642 billion won to 161.5199 trillion won.