Interest rate reductions online … Savings banks that save the body

Savings banks reduce interest rates on household credit loans, although rising interest rates are rising. As of June 24, the average interest rate on household credit loans from 30 savings banks decreased by 0.51 percentage point from 19.7% in March, three months ago.

Compared to six months ago, the 10 largest savings banks rose from 0.11 percentage points to 4.75 percentage points.

This contrasts with the rise in interest rates due to the rise in interest rates by the US Federal Reserve. During the same period, the average interest rate on general credit loans of five national commercial banks increased from 4.10% per annum to 4.23%.

In the financial sector, savings banks appear to be in "crisis" because of pressure from financial authorities to lower interest rates on loans. Kim Ki-shik, the head of the Financial Supervision Commission of the time, said, "In the past, we should be hurt by the fact that the savings bank is managing a loan at a rate of 39, annual interest greater than 20%.