Currency deposits of KRW bank deposits 3.4 trillion evaporated (moda)

Foreign currency deposits in banks decreased as the KRW / USD rate increased.
According to the Korea Deposit Insurance Corporation (KDIC), at the end of March this year, the balance of total bank deposits (deposits subject to deposit insurance) is KRW 2,447 billion .

That's 29.7 trillion won (1.5%) more than three months ago.

Bank deposits increased by 18.5 trillion won (1.5%) over the end of last year, reaching 1 226.6 trillion won at the end of the year. last year.

However, banks' foreign currency deposits amounted to 78.5 trillion won. 3 billion won). That's because the won / dollar exchange rate has risen this year and many export companies have sold the dollar.

The won / dollar exchange rate, which was 1,060 won per dollar last year, reached 1,080 won at the end of February this year.

Savings deposits increased 2.3% from three months ago as bankers actively secured deposits for the regulation of the deposit / deposit ratio in the second half of this year.

savings bank deposits at the end of March this year were 52.1 billion won, an increase of 1.5 trillion won (3.0%) over the end from last year.

Deposits from high interest savings banks are steadily increasing. In the case of an insurance accident exceeding 50 million won, the unprotected deposit (net surplus of 50 million won) accounted for 10.9% of total deposits.

At the end of March, the balance of the insurance deposit is 745.1 billion won. It has increased by 1.2% (9.1 trillion won) since the end of last year.

Forecasts explain that "the rate of growth of insurer deposit growth is slowing due to the impact of IFRS17, a new insurer accounting system and the slowdown in insurance market growth ".

The balance of deposits of financial investment companies was only 3200 billion won, up 500 billion won (1.6%) over the previous quarter

The forecast was affected by the increase in US stock market volatility.

Meanwhile, the Korea Deposit Insurance Corporation received 200 billion won from January to March this year. The current deposit insurance fund has accumulated KRW 12.7 trillion.

At the end of the first quarter, there are 292 non-life insurance companies, two of which are missing compared to the end of last year.

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(Seoul = Yonhap News)