Non-banking institutions’ household loans on the rise
Nov 8, 2011
The weight of household lending out of non-bank institutions’ total loans hit a record high in the second quarter, central bank data showed Tuesday, spawning concerns about growing household debt.The portion of non-bank institutions’ home loans out of their total lending reached 51.7 percent in the April-June period, up from 50 percent tallied in the first quarter, according to data by the Bank of Korea.The second-quarter figures marked the highest level since the first quarter of 2008 when the