Bank mortgage loans 'highest' ever as home sales increase

As home sales in the Seoul metropolitan area increased, the bank's mortgage growth hit an all-time high in the third quarter.

According to the Bank of Korea, the bank's mortgage growth reached 22.2 trillion won in the third quarter, the highest ever.

This was due to the fact that home sales transactions, which had increased mainly in the Seoul metropolitan area, had a time lag.

The bank's household loan balance reached 959.2 trillion won in the third quarter, approaching 1,000 trillion won, as the bank's mortgage loans increased.

Household credit, a comprehensive household debt in the third quarter, including household loans and sales credit, the amount of card usage before payment, rose 18 trillion won to 1,913.8 trillion won, approaching 2,000 trillion won.

The increase in household credit decreased by KRW 3.1 trillion in the first quarter of this year, but it increased by KRW 13.4 trillion in the second quarter and KRW 18 trillion in the third quarter, increasing the increase.