S. Korea's Non-Bank Lending Hits Record High in 2016
Bank of Korea
Seoul - QNA
Loans extended by South Korea's non-bank lenders reached an all-time high last year while their overall lending also increased by the largest amount in the country's history, central bank data showed Saturday.
Outstanding loans extended by non-bank lenders came to 724.14 trillion won (US$629.7 billion) as of end-2016, up 13.7% from a year earlier, according to the data from the Bank of Korea, cited by state news agency (Yonhap).
A 13.7% on-year spike marks the third fastest rate in 10 years after a 19.2% rise in 2007 and 17.6% in 2008. However, in terms of sheer amount, loans extended by non-bank lenders increased by a net 87.3 trillion won last year, the highest amount since the central bank began compiling such data in 1993.
Non-bank lenders include mutual savings banks, asset management firms and insurances companies, but not private lenders.
- Friday ,16 November GMT 15:05 2018 World Bank Regional Vice President First Visit to West Bank and Gaza
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and Gaza
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 14:47 2017 Saturday ,01 April
In Lebanese town, mounting trash shows strain of refugees
GMT 03:37 2017 Monday ,13 March
Remembrance of tastes past: Syria’s disappearing food culture
GMT 19:07 2017 Wednesday ,13 September
Kuwaiti oil barrel down 82 cents to US$50.56
GMT 06:00 2017 Saturday ,11 March
Battle for Libya’s key oil ports takes dramatic turn
GMT 19:54 2017 Thursday ,10 August
Ministry of Energy organises retreat for its employees as part of Year of Zayed
GMT 20:17 2017 Sunday ,21 May
Fighters begin to leave last opposition-held Homs district
GMT 03:02 2017 Saturday ,11 November
Drahi retakes the reins at Altice as share price tumbles
GMT 20:18 2017 Friday ,15 September
South Africa’s loss-making airline to cut fleet in bid
GMT 19:46 2016 Friday ,07 October
Football: Saudis deny Australia with late equalizer
GMT 22:01 2017 Thursday ,20 April
52 ships transit Suez Canal
GMT 04:28 2016 Monday ,14 November
Fujairah seeks partnerships with all investors
GMT 08:28 2017 Tuesday ,07 February
Donald Trump Criticizes US Court System After Immigration Ban
GMT 04:31 2018 Monday ,01 October
Egypt's finance ministry to auction T-bonds worth EGP 498.7 bln
GMT 15:32 2017 Saturday ,25 February
Steinmeier elected German president
GMT 09:25 2017 Sunday ,24 December
HRH Premier Prince Khalifa bin Salman leaves Thailand
GMT 13:39 2017 Sunday ,17 December
Britain must obey EU environment rules
GMT 00:10 2017 Wednesday ,19 April
Libya fishermen find 28 dead migrants in boat offshore - official
GMT 06:05 2017 Thursday ,09 February
Why US trade gap could obstruct Trump’s economic vision
GMT 12:26 2016 Friday ,08 April
Renaissance plot thickens as Medicis get their TV seriesGMT 18:55 2011 Friday ,29 April
January Jones is pregnant
GMT 10:46 2017 Wednesday ,19 April
Heroic Matuidi sinks Metz as PSG catch Monaco
GMT 20:01 2016 Monday ,26 September
Petrochemical shares weigh on Tadawul
GMT 01:51 2017 Saturday ,09 December
British foreign minister to visit Iran, lobby for jailed aid worker
GMT 11:33 2017 Saturday ,04 March
'Apprentice' host I won't be back
GMT 07:35 2017 Saturday ,29 April
Hassabo chairs meeting on provision of water in West Kordufan State
GMT 01:22 2017 Monday ,09 January
110 inmates on run after Philippines’ biggest jailbreak
GMT 05:23 2017 Thursday ,09 February
EU to end barriers to Netflix, BBC iPlayer in 2018
GMT 19:17 2017 Saturday ,15 April
FIFA confirm the 2026 World Cup
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor