April's household loans by major banks reach highest level since October
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Household loans by major banks last month increased the most since October on a rise in mortgage loans, financial data showed Monday. Outstanding household loans from the country's five major banks — KB Kookmin, Woori, Hana, Shinhan and NH Nonghyup — stood at 765.73 trillion won ($520 billion) at end-April, up 1.57 trillion won from the previous month. The April gain marks the sharpest rise since October, when such loans increased 2.53 trillion won. Household loans had declined slightly in March
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