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(Bank of Korea Governor Rhee Chang-yong)

BOK gov warns of financial stability risks amid failing real estate loans

The governor of South Korea’s central bank Rhee Chang-yong warned of increasing financial sector risks amid rising delinquency for real estate loans— even as there are signs of the property market slowly recovering. “In the mid- to long-term, it is necessary to find a way to smoothly deleverage household debt in cooperation with relevant institutions…

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India’s home loans healthy for lenders in spite of rising interest rates

Home loans remain healthy for India’s banks and nonbanking financial companies (NBFCs) as the country’s housing market remains in an upcycle, according to S&P Global Market Intelligence. Bank loans to residential real estate increased by 16% year over year to 18.058 trillion rupees as of Sept. 30, Reserve Bank of India data showed. NBFCs, where…

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