Loans extended by savings banks jump in Q1
July 11, 2016
Low-credit borrowers sought more loans at savings banks in the first quarter, pushing up the number of lendees at the secondary banks to a four-year on-quarter high, a savings banks' association said Monday.In the January-March period, the number of people who took loans from savings banks jumped 7.41 percent, or 112,886 borrowers, to 1.63 million from 1.52 million a quarter earlier, according to data from the Korea Federation of Savings Bank. It was the biggest on-quarter jump since the first q