Source: Xinhua
Editor: huaxia
2025-09-05 11:46:30
SEOUL, Sept. 5 (Xinhua) -- South Korea's industrial lending rose slower in the second quarter due to weaker demand from manufacturers and service companies, central bank data showed Friday.
Debt, owed by all industries to the deposit-taking financial institutions, amounted to 1,994.0 trillion won (1.43 trillion U.S. dollars) at the end of June, up 14.5 trillion won (10.4 billion dollars) from three months earlier, according to the Bank of Korea.
It was down from an expansion of 17.3 trillion won (12.4 billion dollars) in the first quarter.
Loan to manufacturers climbed 6.0 trillion won (4.3 billion dollars) to 497.4 trillion won (357.5 billion dollars) in the April-June quarter after mounting 8.0 trillion won (5.8 billion dollars) in the January-March quarter.
Loan demand from service companies gained 7.2 trillion won (5.2 billion dollars) to 1,268.8 trillion won (911.9 billion dollars) in the second quarter, lower than a growth of 7.8 trillion won (5.6 billion dollars) in the previous quarter.
Lending to construction companies dipped 200 billion won (143.7 million dollars) in the second quarter, keeping a downward trend for the fourth straight quarter.
The industrial lending for operating funds swelled 8.8 trillion won (6.3 billion dollars), while the lending for facilities' funds increased 5.7 trillion won (4.1 billion dollars) in the cited quarter. ■