South Korea’s real estate lending fell for a third straight quarter—the first such streak since 2008—as banks tightened credit amid a sluggish property market, while service sector loans surged and construction lending continued to contract.
#YonhapInfomax #RealEstateLending #BankOfKorea #NonPerformingLoans #ServiceSector #ConstructionLoans #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=94149
Real Estate Lending Falls for Third Consecutive Quarter—First Time Since Data Compilation Began
South Korea’s real estate lending fell for a third straight quarter—the first such streak since 2008—as banks tightened credit amid a sluggish property market, while service sector loans surged and construction lending continued to contract.
Lee Eo-kwon Calls for Addressing Real Estate Lending Concentration—Urges Restoration of Virtuous Economic Cycle
FSC Chairman Lee Eo-kwon pledged to address real estate lending concentration, accelerate productive finance, and boost high-tech investment, while strengthening household debt controls and market stability measures.
South Korea’s Financial Supervisory Service has urged bank boards to reduce excessive real estate lending, warning of risks to economic growth and financial stability, and called for greater focus on productive sectors and social responsibility.
#YonhapInfomax #FinancialSupervisoryService #RealEstateLending #BankBoards #SystemicRisk #InterestIncome #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=71947
FSS Urges Bank Boards to Curb Excessive Real Estate Lending
South Korea’s Financial Supervisory Service has urged bank boards to reduce excessive real estate lending, warning of risks to economic growth and financial stability, and called for greater focus on productive sectors and social responsibility.
South Korean financial institutions are scaling back loans to construction and real estate sectors amid a prolonged industry downturn, while lending to manufacturing and service sectors rises sharply, Bank of Korea data shows.
#YonhapInfomax #BankOfKorea #ConstructionLoans #RealEstateLending #ManufacturingSector #LoanBalance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=66852
Financial Institutions Cut Back on Construction and Real Estate Lending Amid Prolonged Market Downturn
South Korean financial institutions are scaling back loans to construction and real estate sectors amid a prolonged industry downturn, while lending to manufacturing and service sectors rises sharply, Bank of Korea data shows.
Yonhap Infomax News