Last year’s bank household loans were more than 100 trillion won compared to the end of 2019, amid the economic slump caused by the novel coronavirus infection (Corona 19), which resulted in the provision of living funds, a surge in house prices, the jeonse crisis, and the stock investment craze represented by ‘Yeongkeul’ and ‘Debt. It turned out to be increased. This is the first time that household loans have increased by more than 100 trillion won a year, the largest increase in history.
According to the’Financial Market Trends in December 2020′ announced by the Bank of Korea on the 14th, the bank’s household loan balance as of the end of December last year was 98.8 trillion won. Compared to the end of December 2019, it is an increase of 10 trillion won, the largest increase since the statistics related to 2004.
Among household loans, the balances of home mortgage loans (including housing-related loans such as cheonsei loans) and other loans (credit loans, etc.) at the end of last year were 721 trillion won and 266 trillion won, respectively, in a year of 68.3 trillion won and 32.4 trillion won. Gradually increased. Home mortgage loans are the second largest increase following 2015 (70 trillion won), and other loans are the largest increase in history.
An official from the BOK explained, “Over the past year, home sales increased a lot, and it seems that the demand for various living funds, the subscription to public offerings, and the demand for funds had a complex effect.”
Separately in December, household loans increased by 6.6 trillion won. Compared to the record high of 1,37 trillion won in November, the rate of increase fell significantly. In particular, the increase in other loans, mostly credited by credit loans, plunged from 7.40 trillion won in November to 400 billion won in December. It is analyzed by the effect of tightening household loans in the end of November. However, the increase in mortgage loans was 6.3 trillion won, which is 100 billion won higher than in November (6.2 trillion won). As of December every year, this is the largest increase since the breaking news in 2004.
As the nationwide rise in house prices and the jeonse crisis overlapped, even in December, the off-season, mortgage loans surged. In particular, chartered loans increased by 2.8 trillion won in a month, setting a record for the second time following last year’s February (3.7 trillion won).
Reporter Nam Jeong-hoon firstname.lastname@example.org
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