Bitcoin and public offerings open ‘debt’ Another wriggle… 1 trillion of credit loans from the 5 major banks this month (www.blockcast.cc)
It was found that the credit balance of the five major banks increased by more than 1 trillion won this month. As bitcoin hits an all-time high and the enthusiasm for public offering stocks continues, the demand for’debt investment’ (invested in debt) is also wriggling again.
According to the banknote on the 15th, the credit balance of the five major banks, including KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup, as of the 13th of this month, was totaled at 136,530.5 billion won. Compared to the end of March (135,3877 billion won), it increased by 1,142.8 billion won in 9 business days.
The credit lending of the five major banks, which continued to go high at the beginning of the year, declined by 70.7 billion won from the previous month in February due to the restraint of household loans in the banking sector due to pressure from the financial authorities, and the increase in March was only 2194 billion won.
However, as of this month, the extent of the increase in credit loans has remarkably increased. In the first three business days, the balance of credit loans increased by 430 billion won, after which it has fluctuated and then increased by 1.16 trillion won in the two business days at the beginning of this week, increasing the extent of the increase again.
In the banking sector, the main reason for the increase in credit loans is the cryptocurrency craze such as bitcoin, which has hit an all-time high, and offers for public offerings.
An official from the bank explained, “The sudden increase in credit loans, which have been well managed for a while, can only be explained by the subscription of bitcoin and public offerings,” he said. “As the investment value is confirmed, the demand for debt seems to have also added.”
Bitcoin was a material listed on the Nasdaq of Coinbase, a cryptocurrency exchange in the United States. It surpassed 80 million won for the first time in Korea. When the highest price is renewed, some people are expecting to exceed 100 million won, and the passion for investment is heating up even more.
The public stock market is still heated. A whopping 6,828.6 billion won of margin was gathered in the subscription to Isaac Engineering’s public offering stocks that ended on the 13th. The subscription competition rate was 2262.09:1. As the demand for subscription applications increased, a failure occurred in the Shinhan Financial Investment transfer system.
Bitcoin’s rosy outlook continues, and debt demand is expected to continue for the time being, as many public offerings have been announced in the future.
An official from the banking sector said, “Bitcoin is gaining interest from investors due to the expectation of entry into the institutional sector, and public offering stocks continue to be popular as they succeed in the box office every day.” “He said.
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