Asia
Korea household loans climb 1.3% m-m in October
Korea household loans climb 1.3% m-m in October
As housing transactions stayed solid. Household loans in Korea picked up by 1.3% m-m , up 5.7% YTD and up 7.0% y-y, driven by mortgage loans growth of 1.6% m-m, up +8.2% YTD and +9.8% y-y. According to a research note from Nomura, this developed as housing transactions remained strong. The report noted that October Seoul apartment transaction volume grew 15% m-m to 10,147 units. Meanwhile, Nomura also noted that bank funding rose 0.6% m-m (+3.5% YTD, +4.0% y-y). Core deposits rose by 0.8% m-m (+7.2% YTD, +12.2% y-y). Further, time savings rose by 0.3% m-m (+3.3% YTD, +0.8% y-y).
Sampath Bank profit up 53% to $17.31mn
Yet the lender’s net interest margin slid to 4.11% which sliced down a substantial amount of net interest income.
Join the community
Thought Leadership Centre
Most Read
1. Philippine banks and insurers called to pursue human-centred AI adoption 2. PH banks and insurers face MSME credit gap, AI fraud, climate risk 3. Lady bankers need work-life balance, says UOB’s Choo Wan Sim 4. Bank of Singapore taps Joey Tang as head of investment solutions in Hong Kong 5. HSBC Singapore unveil entertainment platform for Premier Mastercard clientsResource Center
Awards
Jul
03
Jul
03
Aug
28
Events
Event News
PH banks and insurers face MSME credit gap, AI fraud, climate risk
Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
WealthTech vs. Banks: The battle for Asia’s $700b digital wealth opportunity
Empowering Women in Finance: Securing a Future of Opportunity
Generative AI revolution: Asian banks on the brink of a new era