Photo by Ciaran Obrien.

South Korean bank’s corporate lending fell in December: central bank 

The Bank of Korea blamed this on seasonal factors.

Bank lending to large corporations and small businesses contracted in December, according to data released by the Bank of Korea (BOK).

Lending to large corporations declined by KRW5.9t in December, reversing the KRW7.3t increase a month earlier.

Bank lending to small and medium enterprises (SMEs) fell by KRW9.4t in December.

ALSO READ: Corporate lending in South Korea rise in Q3

The central bank attributed the declines to seasonal factors.

“Bank lending to large corporations decreased , particularly in the context of working capital, due to repayments of loans through overdraft accounts for the purpose of corporations’ year-end financial ratio management,” the BOK wrote in its report.

Bank lending to SMEs, meanwhile, were said to have decreased due to  banks’ sales and write-offs of non-performing loans and corporations’ loan redemptions at the year-end.

Follow the links for more news on

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!