In the first quarter of this year, the amount borrowed by Korean companies and the self-employed from banks and others exceeded 1,600 trillion won. This is due to the surge in loans in the service industry as more companies and the self-employed are struggling with debt due to the rise in raw material prices such as international oil prices due to the Ukraine crisis and the increase in demand for funds due to the re-spread of Corona 19.
According to the “Loans by Deposit Handling Institutions Industry in the First Quarter of 2022” announced by the Bank of Korea on the 3rd, the balance of loans by industry, such as manufacturing, service, and construction, at the end of the first quarter was 1644.7 trillion won, which was 63.9 trillion won (4.0 trillion won) compared to the previous quarter. %) increased. This is an increase from the previous quarter (50.1 trillion won), the second largest increase since the second quarter of 2020 (69.1 trillion won). Compared to the same period last year, it increased by 208.9 trillion won (14.5%), recording the highest increase ever.
Song Jae-chang, head of the financial statistics team at the BOK’s Economic and Statistics Bureau, said, “In the manufacturing industry, the increase has increased significantly due to the deepening global supply disruptions caused by the Ukraine crisis and the continued rise in raw material prices such as international oil prices. “As loans increased significantly due to the supply of financial support funds, the increase in loans for all industries from the previous year reached a record high,” he said.
By use, the amount of working capital used for business operation, including labor costs, increased by 41.9 trillion won (4.5%) from the previous quarter to 972.4 trillion won due to the rise in raw material prices such as international oil prices. This is the second increase in history since the second quarter of 2020 (52.1 trillion won). Compared to the same period of the previous year, it increased by 123.3 trillion won, the increase from the previous quarter (106.8 trillion won).
Facility funds amounted to 672.2 trillion won, an increase of 22 trillion (3.4%) from the previous quarter, recording the second increase in history since the third quarter of last year (23.5 trillion won). Compared to the same period of the previous year, the increase was 85.6 trillion won, the largest increase in history. The reason facility loan loans recorded the highest increase in history is because investment in commercial real estate increased and facility investment increased due to the slump in the industry due to the re-spread of COVID-19.
Team leader Song said, “The financial support for COVID-19 continued, and the demand for working capital increased as the industry sluggish in the first quarter due to rising energy prices and the re-spread of COVID-19. “As the regulation led to speculative demand for commercial real estate, facility investment recorded an all-time high,” he said.
Self-employed loans are also on the rise. Among the loans for the service industry, loans from the lodging, restaurant, and wholesale/retail businesses, where the self-employed mostly flocked, were 333.5 trillion won, of which 212.3 trillion won was borrowed from deposit banks. Of the deposit bank loans, 99.4 trillion won (46.8%) of loans to corporations and 113 trillion won (53.3%) to unincorporated companies such as the self-employed. The amount of loans to the self-employed by non-bank deposit institutions is not counted, so if this is included, the actual loan for the self-employed is estimated to exceed 113 trillion won.
By industry, the balance of loans in the service sector stood at 1073.6 trillion won, up 46.4 trillion won (4.5%) from the previous quarter. This is the second increase in history since the second quarter of 2020 (47.2 trillion won). Compared to the same period last year, it increased by 161.7 trillion won (17.7%), recording the largest increase in history.
Among service sector loans, the real estate business recorded 346 trillion won, up 13.3 trillion won from the previous quarter due to commercial real estate investment. This is an increase compared to the previous quarter (11.2 trillion won) and recorded the second increase in history since the third quarter of last year (13.8 trillion won). The increase in the wholesale/retail business (105,000 won → 11.8 trillion won), the information and communication industry (1.1 trillion won → 2.7 trillion won), and the accommodation and restaurant business (1.9 trillion won → 2.5 trillion won), etc. done.
Team leader Song said, “The real estate industry continued to invest in commercial real estate, and the wholesale and retail industry increased mainly on working capital due to the sluggish business conditions caused by the re-spread of COVID-19. .
By use, working capital was recorded at 627.7 trillion won, up 29.9 trillion won from the previous quarter, and facility funds increased by 16.5 trillion won to 445.9 trillion won.
Loans to the manufacturing industry stood at 428.5 trillion won, up 13.2 trillion won (3.2%) from the previous quarter. The increase was wider than in the previous quarter (2.8 trillion won). Compared to the same period of the previous year, it increased by 28.6 trillion won (7.2%).
Among the manufacturing industries, the increase in chemical and medical products (1.2 trillion won → 2.8 trillion won) expanded, electrical equipment (-100 billion won → 1.3 trillion won), metal products (-200 billion won → 900 billion won), and other machinery · Equipment (-1 trillion won → 700 billion won) turned to increase.
By use, working capital loans amounted to 259.4 trillion won, an increase of 9.2 trillion won from the previous quarter, and facility fund loans were 169.2 trillion won, up 4 trillion won from the previous quarter.
By industry, loans from non-bank depository institutions increased more rapidly. In the case of deposit banks, it recorded 1168.7 trillion won, an increase of 28.1 trillion won (2.5%) from the previous quarter. Non-deposit banking institutions, such as mutual savings banks, recorded the largest increase ever recorded at 475.9 trillion won, up 35.8 trillion won (8.1%) from the previous quarter.
[서울=뉴시스]
