Real estate policies take a toll on lending

Home > Business > Finance

print dictionary print

Real estate policies take a toll on lending

Banks slowed their lending to consumers last month as the Seoul government intensified its efforts to control the real estate market through restrictive policies, data from the central bank showed Wednesday.

Outstanding household loans from banks totaled 772 trillion won ($723 billion) as of the end of February, according to the Bank of Korea. It was a 2.5 trillion won increase from a month earlier, slightly lower than the 2.7 trillion won rise seen in January.

But for the first two months of the year, household lending expanded a combined 5.2 trillion won, marking the largest two-month gain since 2008.


Yonhap

More in Finance

Seoul stocks bounce back to a new all-time high

A few cool cats have nine lives and Meritz pet insurance

Court upholds Mirae Asset's decision to pull out of Anbang deal

SillaJen gets a one-year reprieve from Kosdaq delisting

Kospi hits midday high, closes down on profit-taking

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now