, Korea

Bank funding slows in South Korea

Low interest margins putting a brake on growth.

The Financial Supervisory Service revealed that funding growth by South Korean banks slowed in the first half as low interest margins drove local lenders to refrain from attracting deposits.

FSS said won-denominated financing by banks, including deposits and wholesale funding, stood at 1,277.8 trillion won (US$1.1 trillion) in June, up 25.6 trillion won year-on-year.

The rise was lower than an increase of 27.1 trillion won in the first half of 2012. Bank deposits, including demand deposits and savings deposits, grew 18.1 trillion won.


 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!