On the month before, the outstanding loan balance of mortgage loan at major commercial banks increased by the most in eight months.
According to the finance industry on May 4, the mortgage loan outstanding loan balance at the five major banks (KB Kookmin, Shinhan, Hana, Woori, NH NongHyup) stood at 612.2443 trillion won at the end of April, up 1.9104 trillion won from the end of March. This is the largest level in eight months since August last year (up 3.7012 trillion won). The mortgage loan outstanding loan balance fell 1.4836 trillion won in January this year and then increased 596.7 billion won in February. It decreased 387.2 billion won in March and rose again in April.
The overall household loans outstanding loan balance also increased by 1.567 trillion won, from 765.729 trillion won at the end of March to 767.296 trillion won at the end of April. It is the biggest jump since October last year (up 2.527 trillion won).
Group loans to individuals increased by 220.1 billion won, turning to growth for the first time in 1 year and 7 months since September 2024 (up 1.1771 trillion won). Unsecured personal loans shifted from an increase of 347.5 billion won in March to a decrease of 318.2 billion won in April, and loans to individual business owners rose by 362.2 billion won, extending gains for a third straight month.
At the end of April, the time deposit outstanding balance was 937.1834 trillion won, down 273.1 billion won from the end of March. In contrast, the time installment savings outstanding balance was 46.5673 trillion won, up 409.5 billion won. Demand deposits, which are idle funds, totaled 696.5524 trillion won, down 3.3557 trillion won, falling for the first time in three months.