Wednesday, April 26, 2017

Loan interest rate only Metallurgical metallurgy ... Bank interest rate spread 2.0% p near



The banking deposit rate has stagnated and lending rates have risen sharply, leading to further spreads in interest rates.

According to the Bank of Korea's announcement on March 26, the weighted average interest rate for financial institutions in March 201 was 1.99% p, which is the difference between the bank lending rate and the interest rate, , Respectively.

In March, the bank's savings-type interest rate remained unchanged at 1.49% per annum. The interest rate on loans grew 3.48% per annum. Corporate loans and household loans rose 0.04% p and 0.05% p, respectively, The difference in interest rates is close to 2.0 percentage points.

Excluding 2.0% p in January, banks' benchmark interest rates in March were the highest in four years and two months since January 2013.

The benchmark interest rate on the basis of the balance will increase to 2.26% p in March. It is also the highest level in two years after 2.27% p in March 2015.

Banks in the first quarter (January to March) earned "surprise results" due to rising interest rates on loans raised by interest-rate futures. Shinhan Financial Group achieved the highest earnings since the establishment of the holding company in 2001, with net profit of 1 trillion won. KB Financial Group Inc. also saw its net profit jump 60% YoY in 1Q09 and Hana Financial Group 12.4% in the same period. Woori Bank also posted a net profit of 44% in the first quarter.

2 financial institutions also posted lending rates higher than deposit rates.

Mutual financing raised interest rates on deposits in March by 0.01% p and lending rates by 0.07% p. The Saemaeul Bank raised deposit and interest rates by 0.02% p and 0.04% p, respectively. The credit union froze the interest rate on deposits and raised interest rates on loans by only 0.07% p.

Mutual savings banks lowered deposit rates by 0.04% p and cut interest rates by 0.40% p.

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