Are Card Loans Set to Rise Again—Lenders Cut Rates to Attract Prime Borrowers
South Korea’s major card issuers are lowering card loan rates and targeting prime borrowers, even as funding costs rise, to manage asset quality amid tighter lending regulations.
Card Loan Balances Fall for Third Consecutive Month in August as Household Lending Curbs Tighten
South Korea’s major card issuers saw card loan balances fall for a third straight month in August, as tighter household debt regulations curbed new lending and cash advance balances continued to decline.
South Korea’s card loan balances fell for a second month in July as tighter household debt rules and stricter DSR limits curbed new lending, with major card issuers reporting a combined 42.49 trillion won in outstanding loans.
#YonhapInfomax #CardLoan #HouseholdDebt #DSR #CreditCardIssuers #FSCRegulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=77870
Card Loan Balances Fall for Second Consecutive Month in July on Tighter Household Lending Rules
South Korea’s card loan balances fell for a second month in July as tighter household debt rules and stricter DSR limits curbed new lending, with major card issuers reporting a combined 42.49 trillion won in outstanding loans.
Yonhap Infomax News