South Korea's Top 5 Banks' Household Loan Balance Reaches 647.58 Trillion Won, 85% of Annual Quota Used Up

As of the end of June, the total household loan balance of the five major commercial banks in South Korea—KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank—amounted to 647.58 trillion won, an increase of 3.7 trillion won compared to the end of last year. The South Korean financial regulatory authorities have set a household loan growth rate limit of 1.5%, down from 1.7% last year. Based on this target, the five banks can collectively add a maximum of approximately 4.34 trillion won in household loans for the year. Specifically, KB Kookmin Bank can add 909.2 billion won, Shinhan Bank 850 billion won, Hana Bank 880.5 billion won, Woori Bank 826.6 billion won, and NH Nonghyup Bank 870 billion won. However, the actual increase of 3.7 trillion won in the first half of the year has already accounted for 85.3% of the annual limit. The remaining quota is about 639.5 billion won, leaving limited space for the second half of the year.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.