Go to content

Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Weekly Briefs (Sept. 2 - 9)

Weekly Briefs (Sept. 2 - 9)

Sept. 9, 2013

Download Weekly Briefs (Sept. 2 - 9) PDF email Print
Monday, August 19
At the end of June, foreign currency-denominated loans extended by domestic banks gained US$1.28 billion from the previous year to record US$31.21 billion, the Financial Supervisory Service (FSS) reported. Specifically, loans denominated in the US dollar rose US$4.08 billion year-on-year as the demand for loans increased due to large companies' construction of overseas plants and manufacturing of ships, and energy importers' settlement demand. In addition, those in the yen slid 2.83 billion from a year ago driven by the depreciation of the currency. Meanwhile, the delinquency ratio of local banks' foreign-currency loans and the rate of substandard-or-below loans, edged up 0.01 percentage point to 0.84% and 0.02 percentage point to 1.66%, year-on-year, respectively.

For the remaining weekly summary of major economic announcements and data for the week, click the pdf icon above.
Go to list