Margin Loans Rise as Stocks Surge; Five Major Banks' Overdraft Balances Top 40 Trillion Won

Newsis News Agency [Financial News] As the domestic stock market remains strong, the amount used on credit line loans at major banks is rising rapidly. The increase appears to reflect individual investors' active use of overdraft accounts to raise funds for stock investments.
5029 trillion won as of the 7th. This refers to the amount customers have actually withdrawn and are using.
7877 trillion won at the end of April. 5395 trillion won at the end of January 2023.
The pace of growth is also steep. 6 billion won.
Banks believe the recent rally in the KOSPI Composite Index and improving investor sentiment have fueled loan demand. Analysts say the trend reflects individual investors' efforts to quickly borrow funds and pour them into the stock market.
0837 trillion won. They then slipped slightly at the start of the year as bonuses flowed in, but have recently resumed an upward trend alongside the stock market boom.
A shift in funds is also being seen in bank deposits. 3 billion won from the end of April. The decline continued after a drop of more than 3 trillion won in April as well.

banaffle@fnnews.com Yoon Hong-jip Reporter