Banks Expected to Maintain Tight Lending Standards in Q4: BOK Survey
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According to the Financial Institutions Lending Behavior Survey released by the Bank of Korea, lending attitudes in the banking sector are expected to tighten in the fourth quarter of this year for both large corporations and small and medium-sized enterprises (SMEs). As credit soundness deteriorates and economic uncertainty intensifies, lending thresholds at non-bank financial institutions are also expected to rise, and it is analyzed that the …
While financial consumers' demand for loans is increasing, lending thresholds for financial institutions are rising. According to the ‘Financial Institutions Lending Behavior Survey Results’ released by the Bank of Korea on the 26th, the loan demand index for domestic banks in the fourth quarter was recorded at +6. The positive sign indicates an increase in loan demand compared to the previous quarter.
It is expected that getting a loan from a bank will remain difficult in the fourth quarter of this year as well.
Banks expected to maintain tight lending standards in Q4: BOK survey
SEOUL, Oct. 26 (Yonhap) -- South Korean banks are expected to maintain tight lending standards for households and businesses in the fourth quarter amid growing concerns over credit risks, a central bank survey showed Monday.The index gauging banks
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