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.
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.
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