As "debt investing," or borrowing to buy stocks, increases, the outstanding loan balance of overdraft credit lines at major banks rose by more than 1 trillion won just this month.
According to the financial industry on the 16th, the overdraft balance at the five major banks (KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, NH NongHyup Bank) stood at 40.5955 trillion won as of on the 13th, up 1.1283 trillion won from the end of the previous month (39.4672 trillion won). Accordingly, the credit outstanding loan balance also increased by 894.4 billion won over the same period, from 104.733 trillion won to 105.6274 trillion won.
Meanwhile, due to successive lending curbs, the increase in the mortgage loan balance has slowed. As of on the 13th, the mortgage loan balance was 610.6764 trillion won, up 30.3 billion won from the end of the previous month.
Bank deposits and installment savings balances are on an expansion trend as market rates rise. As of on the 13th, the five major banks' deposits and installment savings balances were 1,021.1444 trillion won, up 9.8163 trillion won compared with the end of the previous month (1,011.3281 trillion won). NongHyup Bank's deposit rate was 2.86%, Hana Bank and Woori Bank were 2.8%, Shinhan Bank was 2.75%, and KB Kookmin Bank was 2.7%, each up by around 0.3 percentage point.