Mutual banks have suspended the interim group loans per [Korea financial newspapers around the lower cervical News] credit unions and community credit cooperatives. While household's financial authorities as the total amount of the management level there is a growing possibility to increase the loan is difficult unlawful damage of Private Financing of ordinary people.
According to the 2nd banks, credit unions have tentatively stopped Apartment new collective loan deal from the past day. Community Credit also will soon cease lending population. The Ministry of Government Administration and Home Affairs is planning to have each through the Federation of Community Credit Community Credit to stop new lending groups.
Last March 30, the Financial Services Commission had checked my household lending trend 1st Mutual Financial Policy Council held a mutual financial and management status main issues chaired by Vice-jeongeunbo, and discuss the future, such as the oversight provided such direction directed direction.
Remind determine that the household debt growing their household debt to financial institutions such as mutual competitive in the provisional stop to gangeon community credit cooperatives, credit unions focused on asset increase competition.
Late last year, the financial sector based on mutual household loans increased by 34.4 trillion won YoY. 1-2 one hundred million won many January 1 trillion more than 2.1 trillion won 1-2 last year to 3.9 trillion won alone, household debt Increase 8000.
As well as the mutual banks stopped lending group is also strengthening provisioning requirements. Previously, must earn more reserve 30% of the 300 million won more than repaid loans or multiple debtors wateuna to earn an additional allowance of 20% on the precautionary than loans from lending future, 200 million won more than repaid the loan or below normal and critical of the multi-borrower loan do.
In the financial sector people need a loan, if the loan is the second financial control policy, such as mutual banks continue to have concerns that forced the illegal use of Private Financing.
Banking official said, "If you want to suppress the non-banking sector loans as a non-banking sector loans soared to a balloon effect, depending on strengthening bank lending last review common people will borrow money Colorado higher interest rate than the highest court."
This is in addition to strengthening mutual financial targets FSS on-site inspections. The FSS plans to check whether a household loans being made well planned management on a monthly basis.
The FSS plans to the Financial Supervisory Service and the Korea Federation conducted a site inspection for the selection of 316 of 8.8% of the total 3,582 combinations with emphasis on management and combining all critical control combinations. Moving into the second quarter of the FSB of the integration constant monitoring system and plans to build ever-layered permanent monitoring system of the Financial Supervisory Service and the Korea Federation.
Jeongeunbo Finance Committee vice chairman said, "dont strive for interagency and cross each financial Federation, strengthen mutual financial risk management, combined with individual safes are all alarmed."
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