Industrial Bank of Korea news

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Industrial Bank of Korea is a state-owned bank headquartered in Jung-gu, Seoul, South Korea. Under the Industrial Bank of Korea Act, IBK was established to promote small and medium-sized businesses and improve their economic status by providing an efficient credit system.

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economy12 h ago

Industrial Bank of Korea lowers mortgage and jeonse loan interest rates

According to Maeil Business Newspaper, Industrial Bank of Korea (IBK) will expand its right to discount loan rates for new mortgage and jeonse loans, potentially lowering interest rates by up to 0.7 percentage points. The move follows the government's easing of household lending total caps under the 8.13 real estate measures, and it entails resuming lending activities and relaxing loan handling restrictions.

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Industrial Bank of Korea lowers mortgage and jeonse loan interest rates

economy12 h ago

coda.news AI summary

IBK will extend the right to discount rates for new on-site mortgage and jeonse loans starting from the 22nd.
The maximum rate reduction is up to 0.7 percentage points.
The move aligns with the easing of household lending total caps under the government's 8.13 real estate measures and involves relaxing loan handling restrictions.
Lending activities are being resumed as part of the policy shift.

Industrial Bank of Korea

Maeil Business NewspaperRead original ↗

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