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LENDING & CREDIT | Cesar Tordesillas, Korea

Household loan growth hits 4-month low among Korean banks

Household loans grew at the slowest pace in four months in July among South Korean banks as the growth of mortgage lending eased amid a tepid property market.

According to South Korea's central bank, the Bank of Korea, household loans among local banks, including home-backed and credit loans, amounted to 457.8 trillion won or US$405.9 billion as of the end of July, up 695.3 billion won from the previous month.

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