Bank Overdraft Balances Approach 70 Trillion Won… Accounts Stagnate While Debt Rises by 6 Trillion Won
5 Articles
5 Articles
The outstanding balance of overdraft loans in the banking sector has reportedly approached 70 trillion won, increasing by over 6 trillion won so far this year. This appears to be due to individual investors withdrawing investment funds from their overdraft accounts amidst stock market fluctuations. This figure was received on the 14th by the office of Rep. Park Sung-hoon of the People Power Party, a member of the National Assembly's Political Af…
Money withdrawn from overdrafts nears 70 trillion won, surging by 6 trillion won in 7 months. While the number of overdraft accounts in the banking sector has remained stagnant this year, the actual outstanding loan balance has increased by over 6 trillion won. In some banks, balances rose even as the number of accounts decreased, indicating that existing borrowers have withdrawn more money from their overdraft accounts.
(Seoul = Yonhap News) Reporter Han Ji-hoon = Although the outstanding balance of overdraft loans in the banking sector decreased slightly last month, the additional amount that can be borrowed within the already agreed limit...
[Digital Daily Reporter Lee Ho-yeon] The outstanding balance of overdraft accounts in the domestic banking sector has approached 70 trillion won. This is due to a significant increase in the amount of money actually withdrawn by existing borrowers, while the number of accounts remains stagnant. With further interest rate hikes expected, the burden of repayment due to high interest rates is also growing. According to data submitted by the Financ…
The actual outstanding balance of overdraft loans at domestic banks has surged by over 6 trillion won in the first seven months of this year, approaching 70 trillion won. According to data submitted by the Financial Supervisory Service to Rep. Park Sung-hoon of the People Power Party, a member of the National Assembly's Political Affairs Committee, on the 14th, the outstanding balance of overdraft loans at domestic banks as of the end of July w…
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