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Bank Balances Break 210 Trillion Won Line

Sept 14,1998
The total sum of bank balances broke the 210 trillion won line due to depositors' preference for stability while the balance of deposits in trust accounts was reduced by 30 trillion won as of September 9. According to the Bank of Korea on September 13, the total sum of bank balances amounted to 210.7 trillion won.
The balance of deposits increased by 7.8 trillion won during July. The total amount of balances broke the 200 trillion won line December 1997 but decreased after that. Especially, the total sum of savings deposits increased by 6.9 trillion won to 193.7 trillion won during July and by 7.4 trillion won during August. However, the balance of deposits in trust accounts recorded 194.6 trillion won, the highest in history but as of September 9 decreased to 163.4 trillion won.



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