S. Korean Bank’s Lending Rates Rise In July

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3:50 GMT

Aug 2008

S. Korean Bank’s Lending Rates Rise In July

(RTTNews) - South Korean bank’s average lending rate increased in July for the fourth straight month, the Bank of Korea announced Friday. Bank’s average lending rate for households and companies climbed 0.1 percentage points to 7.12% in July.

According to the central bank, the corporate lending rate rose to 7.12% in July from 7.04% in June, while the rate for household moved up to 7.12% from 6.93%.

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