Page 4 - கொரியா கூட்டமைப்பு ஆஃப் வங்கிகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Banks poised to raise lending rates Posted : 2021-06-14 17:11 gettyimagesbankBy Lee Kyung-min Commercial lenders are likely to raise lending rates amid the government s efforts to curb soaring household debt. Korea has seen the fastest rise in household debt among member countries of the Organization for Economic Cooperation and Development (OECD). The government seeks to rein in the steep increase in borrowing over the past year amid the economic crisis triggered by the COVID-19 pandemic, as the economy shows clear signs of a rebound with the prospect of herd immunity being achieved sooner than expected. The pre-emptive move by lenders comes shortly before the implementation of the debt-service ratio (DSR) being capped at 40 percent as part of tightened lending rules to be overseen by the Financial Services Commission (FSC) starting July.

South koreaFinancial services commissionKb kookmin bankInternational settlementsOrganization for economic cooperationShinhan bankNonghyup bankHana bankWoori bankKorea federation of banksEconomic cooperationKorea federationKorea instituteதெற்கு கொரியாநிதி சேவைகள் தரகுசர்வதேச குடியேற்றங்கள்