Banks Tighten Household Lending Further—Shinhan Bank Halts Mortgage Applications via Loan Brokers
South Korean banks, including Shinhan Bank, are tightening household lending by suspending mortgage and jeonse loan applications via brokers and raising lending standards amid accelerating loan growth.
IBK Bank has suspended interbank jeonse loan refinancing to strengthen household loan controls, allowing exceptions only for official transfer services, as part of broader efforts to manage total lending.
#YonhapInfomax #IBKBank #JeonseLoan #Refinancing #HouseholdLending #LoanTransferService #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=76550
IBK Bank Halts Interbank Jeonse Loan Refinancing—'Part of Total Lending Management'
IBK Bank has suspended interbank jeonse loan refinancing to strengthen household loan controls, allowing exceptions only for official transfer services, as part of broader efforts to manage total lending.
[Chang Houn Han's Reflections] 'No More Easy Interest Margin Plays'
South Korea's banks face a structural shift as tighter lending rules erode household loan profits, forcing a pivot to corporate finance amid government calls for more productive investment.
South Korean banks are seeing rising household lending but continued net redemptions in bank bonds, as issuance shifts to CDs and ABCP ahead of tighter DSR rules in July, keeping credit spreads stable despite regulatory uncertainty.
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Household Lending Rises, but Net Redemptions Continue in Bank Bonds—What’s Next for Supply and Demand?
South Korean banks are seeing rising household lending but continued net redemptions in bank bonds, as issuance shifts to CDs and ABCP ahead of tighter DSR rules in July, keeping credit spreads stable despite regulatory uncertainty.
South Korea’s COFIX, the benchmark for variable-rate mortgages, fell for the eighth straight month to 2.63% in June, prompting major banks to lower mortgage and Jeonse loan rates amid expanding household lending.
#YonhapInfomax #COFIX #MortgageRates #KookminBank #JeonseLoan #HouseholdLending #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=67702
Household Lending Expands as Mortgage and Jeonse Loan Rates Continue to Fall—COFIX Down 0.07%p
South Korea’s COFIX, the benchmark for variable-rate mortgages, fell for the eighth straight month to 2.63% in June, prompting major banks to lower mortgage and Jeonse loan rates amid expanding household lending.
Shinhan Bank Eases Household Lending—Extends Mortgage Maturities from 30 to 40 Years
Shinhan Bank will extend maximum mortgage maturities from 30 to 40 years and ease jeonse loan restrictions, aiming to support genuine borrowers amid tighter lending controls.
South Korea's top economic and financial officials agreed to maintain close monitoring of the impact of potential rate cuts on household lending and the Seoul-area housing market, while noting stable financial markets but ongoing caution toward lower-rated corporate bonds.
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