South Korea’s Household Bank Loans Rise to 452.7 Trillion Won

South Korea’s bank lending to households increased by 465 billion won ($413 million) last month to 452.7 trillion won, the Bank of Korea said in an e- mailed statement today.

Mortgage lending rose 0.6 trillion won to 305.9 trillion won, today’s report showed. Loans to companies gained 5.1 trillion won to 568.1 trillion won.

The broadest measure of money supply, M2, rose 4.9 percent in January from a year earlier after a 4.4 percent gain in December, according to a separate central bank statement.

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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