Savings banks’ lending tops 60 tln won for 1st time since 2011

Yonhap News Agency | Jun 14, 2019 at 1:24 AM
  • South Korean savings banks’ total lending has surpassed 60 trillion won (US$50.7 billion) for the first time since 2011, when some savings banks were ordered to close as they grappled with deteriorating asset quality, data showed Friday.
  • Savings banks saw their outstanding loans plunge to 27.5 trillion won in June 2014.
  • The average capital adequacy ratio of 79 savings banks reached 14.54 percent at the end of March, up 0.21 percentage point from three months earlier.