Last month, the outstanding loan balance of banks' other loans, such as credit loans and overdraft loans, fell for the first time in four months. The Bank of Korea (BOK) said it was due to a slowdown in individuals' stock investing.
According to the Aug. 9 release of the "August financial market trends," banks' other outstanding loan balance was 244.9 trillion won, down 600 billion won from the previous month. It fell 600 billion won in April, then rose from May to July before turning to a decline.
This was due to a reduction in the scale of individuals' stock investing. The KOSPI's average daily transaction value exceeded 50 trillion won in May–June, then fell to 36 trillion won in July and 25 trillion won in August. Following a 22% drop in the KOSPI in July, it rose only 3.4% in August, which is seen as having had an impact.
Last month, banks' mortgage loan outstanding loan balance was 952.5 trillion won, up 4 trillion won from the previous month. It has risen every month since April. The increase expanded from 3.5 trillion won in July. The Bank of Korea (BOK) said, "Since May, transactions of dwellings in the capital region and move-in volumes have increased."
The total banks' household loans outstanding loan balance, combining mortgage loans and other loans, was 1,198.3 trillion won, up 3.4 trillion won.
Also, banks' corporate outstanding loan balance was 1,430.8 trillion won, up 9.7 trillion won. The increase widened from July's 7.7 trillion won. Loans to large corporations rose 4.9 trillion won, and to small and medium-sized enterprises rose 4.8 trillion won. Corporate loans have increased every month this year.