As of the first quarter of 2021, the year-on-year growth rate of total loans granted by commercial banks in South Korea reached about 10.1 percent. In particular, corporate loans for small and medium-sized enterprises (SMEs) and private households increased.
Year-on-year (YoY) growth rate of loans granted by commercial banks in South Korea from 1st quarter of 2016 to 1st quarter of 2021, by borrower type
Characteristic
Household loans
Corporate loans
Total loans
Q1 2021
10.9%
9.3%
10.1%
Q4 2020
10.7%
10.7%
10.7%
Q3 2020
9.4%
10.2%
9.8%
Q2 2020
8.4%
9.5%
9%
Q1 2020
8.5%
7.7%
8.2%
Q4 2019
7.4%
5.2%
6.4%
Q3 2019
7.1%
5.2%
6.3%
Q2 2019
6.7%
6.3%
6.6%
Q1 2019
6.9%
5.8%
6.5%
Q4 2018
7.4%
6.2%
6.9%
Q3 2018
7.3%
6.3%
6.8%
Q2 2018
8%
6.4%
7.1%
Q1 2018
8.1%
5.8%
6.8%
0%2%4%6%8%10%12%
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Bank of Korea. (June 22, 2021). Year-on-year (YoY) growth rate of loans granted by commercial banks in South Korea from 1st quarter of 2016 to 1st quarter of 2021, by borrower type [Graph]. In Statista. Retrieved March 16, 2025, from https://www.statista.com/statistics/1237778/south-korea-growth-rate-of-loans-granted-by-commercial-banks-by-type/
Bank of Korea. "Year-on-year (YoY) growth rate of loans granted by commercial banks in South Korea from 1st quarter of 2016 to 1st quarter of 2021, by borrower type." Chart. June 22, 2021. Statista. Accessed March 16, 2025. https://www.statista.com/statistics/1237778/south-korea-growth-rate-of-loans-granted-by-commercial-banks-by-type/
Bank of Korea. (2021). Year-on-year (YoY) growth rate of loans granted by commercial banks in South Korea from 1st quarter of 2016 to 1st quarter of 2021, by borrower type. Statista. Statista Inc.. Accessed: March 16, 2025. https://www.statista.com/statistics/1237778/south-korea-growth-rate-of-loans-granted-by-commercial-banks-by-type/
Bank of Korea. "Year-on-year (Yoy) Growth Rate of Loans Granted by Commercial Banks in South Korea from 1st Quarter of 2016 to 1st Quarter of 2021, by Borrower Type." Statista, Statista Inc., 22 Jun 2021, https://www.statista.com/statistics/1237778/south-korea-growth-rate-of-loans-granted-by-commercial-banks-by-type/
Bank of Korea, Year-on-year (YoY) growth rate of loans granted by commercial banks in South Korea from 1st quarter of 2016 to 1st quarter of 2021, by borrower type Statista, https://www.statista.com/statistics/1237778/south-korea-growth-rate-of-loans-granted-by-commercial-banks-by-type/ (last visited March 16, 2025)
Year-on-year (YoY) growth rate of loans granted by commercial banks in South Korea from 1st quarter of 2016 to 1st quarter of 2021, by borrower type [Graph], Bank of Korea, June 22, 2021. [Online]. Available: https://www.statista.com/statistics/1237778/south-korea-growth-rate-of-loans-granted-by-commercial-banks-by-type/
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