S.Korea Aug bank lending to households posts biggest jump on record

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SEOUL: South Korea's bank lending to households in August surged by the biggest monthly amount on record, led by mortgage borrowing and credit loans f...

South Korea's bank lending to households in August surged by the biggest monthly amount on record, led by mortgage borrowing and credit loans for stock investments, central bank data showed on Wednesday.

Mortgage lending grew by a net 6.1 trillion won last month, the biggest rise since a net 6.3 trillion won in March and compared with a net 4.0 trillion won gain in July, the Bank of Korea data showed.

 

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