Staff Reporter
,
South Korea
Photo by Sava Bobov via Unsplash.
However, the overall average of outstanding loans fell.
The average interest rate of new deposits in South Korea was 3.55% in May, rising 2 basis points (bp) compared to April.
The average interest rate on outstanding amounts of deposits was 2.63% in May, rising by 1bp.
For new loans, the average interest rate was 4.78%, also a 1bp rise.
The average interest rate of outstanding amounts of loans as of end-May was 5.01%, down 4bp from April.
Join Asian Banking & Finance community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!