In the aftermath of the Corona 19 crisis, corporate loans, especially small and medium-sized businesses, including self-employed people, rose significantly by 16 trillion won last month.

According to the Financial Market Trends in May 2020 announced by the Bank of Korea today (10th), the balance of corporate loans in banks at the end of May was 945 trillion won, an increase of 16 trillion won.

Last month, the increase in bank corporate loans was the third largest since June 2009, when statistics were started, following April (27.9 trillion won) and March (18.77 trillion won).

As of May, the largest increase since statistics was made.

The increase in loans for large companies was 2.73 trillion won, which was significantly lower than in April (1.1 trillion won), and the increase in loans for SMEs was 13,3 trillion won.

Loan growth for large companies has slowed, but it was the largest since May 2012 (3.2 trillion won) as of May.

Small and medium-sized business loans increased the most since the statistics were compiled in May.

An official from Han Eun said, “Large business loans have drastically decreased due to slowing demand for securing working capital and liquidity, and improving funding conditions through corporate bonds. We maintained a high increase due to the support of "."

Corporate bonds, including primary bond-backed securities (P-CBO), increased net issuance from April 100 billion in April to KRW 3.3 trillion in May as issuance conditions improved due to market stabilization measures by the government and the Bank of Korea. .

At the end of May, the balance of household loans for banknotes increased by 5 trillion won to 920 trillion won.

The amount of household loan growth last month was similar to that of April this year (4.9 trillion won) or May of last year (5 trillion won).

Among these, mortgage loans increased by 3.91 trillion won.

The increase was less than a month ago (4.9 trillion won).

This is due to a slowdown in demand for funds related to home sales and charter.

Sales of apartments in Seoul decreased from 4,000 in March to 3,000 in April.

In the same period, it decreased from 16,000 to 12,000 in Gyeonggi-do.

Other loans, including general credit loans and minus passbook loans, decreased by 100 billion won in April, but increased by 1.2 trillion won in May.

An official from the Han said, "The household consumption expenditure has been slowing down, but other loans have turned to increase due to seasonal demand for family months."

Looking at the entire financial sector, household loans rose 3,600 billion won last month.

It is the result of the increase of 5 trillion won in the banking sector, but the decrease of 1 trillion 400 billion won in the 2 financial sector.

This is a slightly higher figure than in April (3 trillion won), but it is a significant decrease from the same period last year (5.91 trillion won).

At the end of May, bank receipts amounted to 33.44 trillion won, which is 18.39 trillion won.

Due to the temporary inflow of local government funds for fiscal expenditures, and short-term fund management by businesses and households, deposits and withdrawals from time to time have increased significantly to KRW 29,900 billion.

(Photo = Yonhap News)