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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] In response to regulatory pressure on household loan growth, major banks have significantly increased their corporate loans, especially to large enterprises, in the first half of this year. Notably, Shinhan Bank raised its large corporate loans by 17.2% in the second and fourth quarters, indicating a proactive lending strategy.
According to data released on the 30th, the four major banks (KB Kookmin, Shinhan, Hana, and Woori) have significantly increased their large corporate loans. Specifically, Shinhan Bank's large corporate loans rose by 4.88 trillion won (17.2%) to 33.31 trillion won (excluding public institutions and others) in the second and fourth quarters. The growth rate for large corporate loans in the first half of the year was 29.6%.
By sector, there was a substantial increase in real estate and leasing, which grew by 141.0%, and accommodation and food services, which increased by 93.0% in the second and fourth quarters.
Woori Bank, aiming to reestablish itself as a leader in corporate finance, saw a 9.2% increase in large corporate loans in the second and fourth quarters, with a loan balance of 30.14 trillion won as of the end of June. Over the past year, this represents a 47.4% increase. Real estate-related collateral loans account for approximately 27.1% of Woori Bank's large corporate loans.
Hana Bank reported a 7.8% increase in large corporate loans in the second and fourth quarters, with a half-year increase of 15.8%. As of the end of June, its loan balance was 29.92 trillion won, which is lower than Shinhan and Woori Banks.
KB Kookmin Bank has also been expanding its portfolio of loans to large enterprises and public institutions. The proportion of large corporate and public institution loans in its overall loan portfolio increased from 6.6% in June 2020 to 9.0% in 2022, and 11.8% in the first half of this year. KB Kookmin’s large corporate and institutional loan balance was 41.7 trillion won, reflecting a 7.2% increase in the second and fourth quarters and an 8.3% increase in the first half of the year. This is a significant rise compared to the 2.3% and 2.9% growth in total loans during the same periods.
Banks are expected to continue focusing on high-quality corporate loans in the second half of the year due to ongoing regulatory emphasis on managing household loan growth and the increasing risk associated with rising delinquency rates in small and medium-sized enterprise loans.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
