Family loans fall, deposits rise at banks amid rising rates of interest

[Photo by Kim Ho-young]

Family borrowings from business banks are anticipated to say no for the second consecutive month for the primary time amid deleveraging from cooled asset market, rise in rates of interest, and mortgage rules. The steadiness in family loans at Korea`s 5 giant business banks fell 1.6 trillion received ($1.3 billion) from the tip of January. Deposits and financial savings as a substitute rose on greater charges. The steadiness in fastened deposits and financial savings added 12.4 trillion received from December.

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