The growth in household loans in the banking sector expanded to more than 2.5 times the previous month's increase. According to the financial sector on May 2, the outstanding balance of household loans at the five major banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) at the end of April 2025 stood at 743.0848 trillion won. This represents an increase of 4.5337 trillion won compared to the previous month. This is about 2.5 times higher than the increase in March, which was 1.7992 trillion won, and also higher than the February increase of 3.3835 trillion won.
The main driver of the growth in household loans was mortgage loans. The outstanding balance of mortgage loans was 589.43 trillion won, an increase of 3.7495 trillion won from the previous month. The increase in April was greater than the previous month's increase of 2.3198 trillion won.
The outstanding balance of personal credit loans turned to an increase, reaching 102.4931 trillion won, compared to an increase of 886.8 billion won in the previous month.
The outstanding balance of time deposits at the five major banks rose by 22.4 billion won from the previous month to 922.4722 trillion won. Installment savings increased by 984.2 billion won to 40.469 trillion won. Demand deposits decreased by 20.7743 trillion won, recording a balance of 629.3498 trillion won.
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