Bank of Korea warns of forthcoming credit tightening

Bank of Korea, Seoul

A survey on bank lending practices, published by the Bank of Korea on January 8, warns that credit conditions are likely to tighten in the first quarter of 2013.

The central bank said domestic banks were likely to reverse a trend of easing conditions and adopt a "more prudent" stance over the quarter. The tightening would be concentrated in loans to small- and medium-sized enterprises, the survey found, as weak business conditions fed into financial distress.

Credit risks were likely to "run at

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