S. Korean loans un­der spot­light

China Daily (Hong Kong) - - BUSINESS -

South Korean banks are ex­pected to tighten loan stan­dards in the third quar­ter, amid the govern­ment’s ef­forts to re­duce house­hold debts and sta­bi­lize the real es­tate mar­ket, a cen­tral bank sur­vey showed on Thurs­day. The lend­ing at­ti­tude in­dex of com­mer­cial banks stood at mi­nus 14 in the July-Septem­ber quar­ter, down three points from the pre­vi­ous quar­ter, ac­cord­ing to the Bank of Korea. The in­dex be­low zero in­di­cated more banks will tighten loan stan­dards in the quar­ter than banks eas­ing the stan­dard. It was based on a sur­vey of a to­tal of 199 fi­nan­cial in­sti­tu­tions, in­clud­ing banks, sav­ings banks, credit card is­suers and life in­sur­ers, con­ducted from May 29 to June 15.

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