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| ▲ A person walks past ATM machines from South Korea's major banks in Seoul, in this file photo taken Dec. 21, 2025. (Yonhap) |
household loans-decline
Major banks' household loans fall in Dec. amid lending suspension
SEOUL, Jan. 2 (Yonhap) -- Outstanding household loans from South Korea's major banks recorded the first monthly decline in 11 months in December, industry sources said Friday.
Total outstanding household loans from the country's five major banks -- KB Kookmin, Woori, Hana, Shinhan and NH Nonghyup -- stood at 767.6 trillion won (USD$531.6 billion) as of end-December, down 456.3 billion won from the previous month.
It marks the first monthly decline since last January, when the figure fell by 476.2 billion won from a month earlier, according to the sources.
The drop came as major banks had suspended new household loans late last year, in line with the government's efforts to cool down an overheated property market and curb household lending.
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