South Korean banks' foreign-currency loans dip in 2013
Seoul - Yonhap
Foreign-currency loans extended by South Korean banks declined last year from a year earlier, as a stronger won helped borrowers repay their outstanding debts, mostly yen-denominated ones, the financial watchdog said Sunday. The amount of foreign currency-denominated loans extended by local banks reached US$25.17 billion at the end of last year, down $4.77 billion from a year ago, according to the Financial Supervisory Service (FSS).
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