South Korea's bank lending to households increased at a slower pace in July as mortgage lending growth eased, data from the Bank of Korea showed Wednesday.
Household loans rose by KRW 0.7 trillion in July, down from the KRW 1.3 trillion increase seen in June. Loans secured by mortgages climbed KRW 0.4 trillion compared to KRW 1.2 trillion a month ago.
In a separate report, the central bank said broad money supply M2 gained 5.9 percent annually, following a 5.5 percent rise in May.
This acceleration was attributable to a rise in money supplied through the government sector and to expansions in credit to the private sector.
by RTT Staff Writer
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