S. Korean banks' foreign-currency deposits rise for 3rd-straight month in Sept.
SEOUL, Oct. 19 (Yonhap) -- Foreign currency deposits at South Korean lenders rose for the third month in a row in September on an increase in U.S. dollar holdings by businesses, central bank data showed Friday.
South Korean lenders held foreign currency deposits totaling US$73.63 billion at the end of last month, up $2.32 billion from a month earlier, the Bank of Korea (BOK) said.
The monthly figure has been on a constant increase since July.
Foreign deposits include those held by foreigners who have stayed in South Korea for more than six months, as well as by foreign companies operating here.
The BOK said businesses increased their holdings of the greenback last month to secure funds for settlement.
Accordingly, deposits in U.S. dollars rose $1.14 billion to $61.25 billion in September, while Japanese yen-denominated deposits gained $780 million to $5.34 billion.
Overall, U.S. dollars accounted for 83.2 percent of all foreign currency deposits at local banks last month, followed by yen-denominated deposits at 7.3 percent and euro-denoted savings at 4.8 percent.
By holder, companies held $59.31 billion in foreign currency deposits last month, up $1.98 billion from a month earlier, while deposits held by individuals gained $340 million to total $14.32 billion last month, according to the data.
brk@yna.co.kr
(END)
-
Ateez member Yunho throws first pitch at MLB match between Dodgers, Mets
-
N. Korea says Kim guided simulated nuclear counterattack drills for 1st time
-
N. Korea calls envisioned U.S. aid to Ukraine 'hallucinogen'
-
N. Korea calls on party propaganda officials to work harder
-
N.K. leader's sister slams joint S. Korea-U.S. military drills
-
Experts see possibility of N.K. conducting nuclear test before U.S. presidential vote
-
Details of meeting between Yoon, opposition leader undecided: presidential office
-
N. Korea says Kim guided simulated nuclear counterattack drills for 1st time
-
Looming weekly closure of major hospitals feared to worsen medical service crisis
-
N. Korea calls envisioned U.S. aid to Ukraine 'hallucinogen'
-
S. Korea eliminated in Olympic football qualifiers as poor defense, undisciplined play prove costly
-
10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
-
S. Korea reports highest suicide rate, ultra fine dust level among OECD nations: data
-
(LEAD) Hybe to file complaint against sublabel executives over internal conflict
-
(3rd LD) Hybe to file complaint against sublabel executives over internal conflict