The outstanding loan balance of major banks' household loans fell for the first time in 11 months.
According to the financial sector on Jan. 2, the five major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup Bank) recorded an outstanding loan balance of household loans of 767.6781 trillion won at the end of December last year, down 456.3 billion won from the end of the previous month (768.1344 trillion won). It was the first decline in the outstanding loan balance of household loans since January last year (a decrease of 476.2 billion won).
The month-over-month increase in household loans narrowed each month after the "6·27 regulation," to 4.1386 trillion won in July last year, 3.9251 trillion won in August last year, and 1.1964 trillion won in September last year. It widened to 2.5270 trillion won in October last year, but narrowed again to 1.5125 trillion won in November last year.
The outstanding balance of home mortgage loans (jumdandae) was 611.6081 trillion won at the end of December last year, up 322.4 billion won from the previous month. The increase in jumdandae was the smallest since March 2024 (a decrease of 449.4 billion won).
The outstanding loan balance of credit loans was 104.9685 trillion won in December last year, down 596.1 billion won from the previous month. The decline was the largest since January last year (1.5950 trillion won). Credit loans rose by 925.1 billion won in October last year and 831.6 billion won in November last year, respectively.