Thursday, March 9, 2017

"Household savings banks increase lending rather than one trillion 500 billion" ... As long as statistically correct and bustle



[South Korea's Choice Financial newspaper reporter] is what the Bank of Korea announced a savings bank household loans statistics identify and correct the wrong facts figures happened.

The Bank of Korea said this year the savings bank household loans increased by 977.5 billion won in May announced "in February 2017 Financial Market Trends' data base and nine days. However, distribution of materials after the actual added value of 508.3 billion won has found a fix available.

If the existing data as added value was the highest monthly statistics were as conspicuous after the Bank of Korea released a savings bank household loans statistics from October 2003. The previous maximum monthly added value is was a July last year, 592.4 billion won in August (349.3 billion won), September (1506 won), and October (297.6 billion won), 11 month (357.6 billion won) December January this year in (437.8 billion won) iteoseoda to see geolro played twice.

The Bank of Korea is explained there was a mistake in the process of statistical data received from the screen Federation of Savings Banks. The Bank of Korea said it "will be used in accordance Increase (469.2 billion won) that contains new this year, household loans for commercial purposes, which was excluded from the savings bank household loans last year statistics' in the clarification material.

Although it is difficult, but if the criticism about savings banks household debt levels in the Monthly Increase vigilance on household loans extended to non-banking sector was higher situation can not exceed the threshold was unable to check that banks surged as unusual. Financial industry officials said, can degrade the reliability of the statistics, the Bank of Korea statistics are careless. "

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