Bank loan-to-deposit rate gap rises for third straight month in October..."Tightening loans." Keep going.

Although the Bank of Korea has lowered its key interest rate since October, the difference in interest rates between deposits and loans, the so-called gap in deposit rates, has widened.

According to the Korea Federation of Banks' consumer portal, the difference in new household loans by the five major banks in October averaged 1.04 percentage points.

It has been rising for three consecutive months since August.During the

rate cut, the gap between deposit and deposit rates usually narrows as market interest rates fall, but it is analyzed as a result of banks signing household loans by raising lending rates under pressure from financial authorities.

The large difference in deposit-to-deposit interest rates means that the bank's profits are that large, with NH Nonghyup Bank the highest at 1.2 percentage points and Woori Bank the lowest at 0.81 percentage points.