The growth of household loans extended by major banks in South Korea slowed from a month earlier in September, data showed Wednesday.Outstanding household loans extended by the country's top five lenders had stood at 730.9 trillion won (US$554.2 billion) as of end-September, up 5.6 trillion won from a month earlier, according to the data from the banks.The on-month gain follows a 9.63 trillion-won spike in August, which marked the sharpest monthly increase in history.The five banks are KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup.The rise in home-backed loans extended by the banks also slowed to 5.91 trillion won in September from a 8.91 trillion-won surge the previous month.Credit loans had come to 103.4 trillion won as of end-September, up 900 million won from a month earlier.Source: Yonhap News Agency

Recent Posts
U.S. Dollar Gains Against Taiwan Dollar on Taipei Forex Market
October 7, 2026
Taiwan Stock Market Sees Slight Decline
October 7, 2026
Gudeng Precision Launches Operations at New Arizona Plant
October 7, 2026
Taiwan Stock Market Opens Higher with Gain in Main Index
October 7, 2026
Former Taiwan President Tsai Meets Nancy Pelosi in San Francisco
October 7, 2026
U.S. Congressional Delegation Visits Taiwan to Strengthen Ties
October 7, 2026