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Article: BRIEFING - ASIA BANKING - OCT 13, 2008.

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AsiaPulse News
Article date:
October 13, 2008
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An executive briefing on banking for Oct 13, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

S. KOREA'S HOUSEHOLD LOANS UP FOR SEVENTH MONTH IN AUGUST

SEOUL - South Korean bank loans to households rose for a seventh month in August mainly due to increased student loans and deficit accounts, the central bank said Monday.

Outstanding household loans by local lenders stood at 503 trillion won (US$398 billion) as of the end of August, up 0.9 per cent or 4.28 trillion won, from a month earlier, according to the Bank of Korea (BOK).

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