The Bank of Korea published its April 2026 monetary and financial statistics showing deposit rates moved higher while lending rates were broadly steady on new business and higher on outstanding balances. The weighted average rate on new deposits at commercial and specialized banks rose 10 basis points from the previous month to 2.92%, while the rate on new loans was unchanged at 4.20%. On outstanding balances, deposit rates increased 2 basis points to 2.02% and loan rates rose 3 basis points to 4.30%. Within new lending, corporate loan rates were unchanged at 4.14%, with rates for large corporations down 2 basis points to 4.09% and for small and medium-sized enterprises up 1 basis point to 4.18%. Household new loan rates fell 8 basis points to 4.43%. On outstanding loans, corporate rates increased 2 basis points to 4.24% and household rates rose 2 basis points to 4.39%. The April figures are preliminary and may be revised if source data or compilation standards change.
Bank of Korea2026-05-29
Bank of Korea reports April new deposit rates rose to 2.92% while new loan rates held at 4.20%
The Bank of Korea reported that in April 2026 deposit rates rose while lending rates were broadly steady on new business and higher on outstanding balances. The weighted average rate on new deposits at commercial and specialized banks increased 10 basis points to 2.92%, with new loan rates unchanged at 4.20%, while rates on outstanding deposits and loans rose to 2.02% and 4.30%. Corporate new loan rates held at 4.14% and household new loan rates fell to 4.43%, as outstanding corporate and household loan rates both increased by 2 basis points.