The Financial Services Commission will begin talks with the banking sector next week on a new allocation of total lending limits. As the government recently raised this year's household loan growth rate target, the expanded caps will be distributed to each bank.
Yoon Deok-gi, Head of Team of the Financial Services Commission's macrofinance team, said at a real estate measures briefing on the 14th, "We will proceed with the process of dividing the newly created lending capacity by financial company," adding, "We need to discuss the specific criteria with banks starting next week. As allocation criteria, we can refer to performance in handling household loans in the first half of this year."
On the 13th, the government raised this year's household loan growth rate target to 3.0% from the previous 1.5%. As a result, about 30 trillion won in additional lending capacity has emerged.
For group loans at business sites such as apartment complexes nearing occupancy, the position is that needed loans can be supplied even before new total limits by financial company are finalized. Head of Team Yoon said, "If a bank reviews a project's business feasibility and determines the loan can be made, we will allow that loan."
Head of Team Yoon added, "Group loans will be included in the overall 3% household loan growth rate but will be excluded from targets by financial company." He said, "Even before, within the total volume of household loans there were three separate caps: the total target by financial company, the total target for policy mortgages, and the reserve. Managing group loans 'separately' means they can be handled not necessarily under financial company targets but under separate caps such as the reserve."