Korean banks’ lending to corporates, SMEs rise in August

Loans extended to large corporations and SMEs both rose during the month.

Bank lending to the corporate sector grew by approximately $6.18b (KRW8.2t) in August, extending the $6.55b (KRW8.7t) rise recorded in July.

Loans extended to large corporations grew by $2.1b (KRW2.9t) during the month, which the Bank of Korea (BOK) said was due to sustained demand for working capital and demand for funds to be used for facilities at blue-chip companies.

ALSO READ: Revised rules bolster Korean banks’ competition, but no silver bullet to thriving: analysts

Loans to small and medium enterprises (SMEs) also grew by over $3.92b (KRW5.2t) in August, higher than the $3.6b (KRW4.9t) loan growth reported in July.

This was reportedly thanks to banks’ efforts to expand their corporate financing, and demand for funds from SMEs, the BOK said in its latest monthly Financial Market Trend report.

Follow the link for more news on

Bank of Korea

Also Read

HSBC invests $100m in MSME finance platform Funding Societies

GoTyme, foodpanda launch flexible loans to MSMEs

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!

I want to download the media kit