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Financial firms’ transactions up 4%

PUBLISHED : July 10, 2017 - 10:35

UPDATED : July 10, 2017 - 10:35

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[THE INVESTOR] Transactions among Korean financial firms rose 3.7 percent in 2016 from a year earlier, the central bank said on July 10.

Transactions among banks and non-banking lenders came to 1,970 trillion won (US$1.70 trillion) at the end of last year, up 69.9 trillion won from 2015, the Bank of Korea said in a recent report.

The amount of transactions among the financial firms has been on a rise in recent years.

The report said financial transactions among non-banking lenders accounted for 57.7 percent, while transactions between banks and non-banking lenders accounted for 38 percent, and transactions among banks accounted for 4.2 percent.

By product, deposits and bonds accounted for 23.2 percent and 22.8 percent of financial transactions, respectively, followed by stocks with 19 percent, lending 5.4 percent and derivatives 4.2 percent, according to the report.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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