Household Loan (CG)▶ Click here for a larger view
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In the first quarter of this year, domestic financial companies predicted that demand for loans would increase due to the influence of’young drag’ (attracting the soul) home purchase and’debt investment’ (investing in stocks in debt).
According to the results of the Bank of Korea’s financial institution loan behavior survey on the 13th, domestic financial companies predicted that the demand for loans from both businesses and households will increase in the first quarter.
This survey was targeted to those in charge of credit business at 201 financial institutions (17 domestic banks, 16 mutual savings banks, 8 credit card companies, 10 life insurance companies, 150 mutual financial associations) on December 7-18 last year. I did it.
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Loan demand index for each borrower of domestic banks▶ Click here for a larger view
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If the index is positive (+), there are more financial institutions that responded with “loan attitude mitigation” or “credit risk/increase in loan demand” than those who responded with “strengthening loan attitude” or “credit risk/loan demand decrease”. Negative (-) means the opposite.
Looking at the loan demand index by borrower (the borrower of money), compared to the fourth quarter of last year, the first quarter of this year was -3 to 9 for large companies, 18 to 26 for SMEs, 24 to 3 for household housing, and 44 to 18 for general households. Changed.
In the household sector, the figure declined, but as it continued to be positive, the number of credit managers who expected an increase in loan demand in the first quarter compared to the fourth quarter of last year can be seen as a larger number.
The BOK explained, “The demand for general household loans is expected to increase due to demand for housing purchases, jeonse funds, and financial investment.”
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Loan Attitude Index by Borrower of Domestic Banks▶ Click here for a larger view
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However, lending from financial institutions is expected to remain difficult.
The loan attitude index by borrower changed to ▲ large companies -3→-3 ▲ small and medium-sized companies 3→-6 ▲ household housing -24→-6 ▲ household general -44→-12, respectively.
Han Eun explained, “In the first quarter, corporate lending attitudes by domestic banks will be slightly strengthened, centering on small and medium-sized businesses, by reinforcing the re-proliferation of the novel coronavirus infection (Corona 19) and the continuing uncertainty in the internal and external economy.
It also predicted that “general household loans will be somewhat strengthened as the government’s regulations related to credit loans continue, and household housing loans will be less than that of general loans, but the strengthening stance will continue.”
In November of last year, the Financial Services Commission came up with a household loan management plan that included banks’ autonomous management of the total amount of credit loans and reinforcement of the repayment capabilities of large credit loan borrowers.
Trends in credit risk index by borrower of domestic banks–
The credit risk of each borrower as viewed by the bank maintained a positive (+) value for each borrower such as large corporations (12), small and medium-sized enterprises (29), and households (21).
In particular, due to the possibility of deteriorating debt repayment ability due to a decrease in income, it is expected that the credit risk of households will increase, centering on vulnerable borrowers such as low-credit and low-income families.
In 1Q, the lending attitude of non-bank financial institutions is expected to strengthen in most businesses, excluding credit card companies.
Credit risk is expected to increase in all sectors of non-bank financial institutions and loan demand is expected to increase.
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