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Growth of Household Loans Picks up in April

Written: 2019-05-03 10:37:58Updated: 2019-05-03 11:33:46

Growth of Household Loans Picks up in April

Photo : YONHAP News

The growth rate of household loans taken out in the country picked up again last month after slowing earlier this year. 

The country's five major lenders -- KB Kookmin, Shinhan, KEB Hana, Woori and NH Nonghyup, said on Friday that as of the end of April, outstanding household loans extended by the banks came to 579-point-six trillion won, up nearly three-point-four trillion won from a month earlier. 

Monthly growth slowed to between one to two trillion won during the first three months of the year, but exceeded three trillion won last month. 

In April, home-backed loans came to 415-point-eight trillion won, rising three trillion won from the previous month when it grew two-point-six trillion won. 

Outstanding loans by independently-owned businesses marked 225-point-two trillion won last month, posting a growth of one-point-seven trillion won from a month earlier.

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