South Korea’s top Nonghyup cooperatives expand property-backed lending by 1.49 trillion won

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  • Ten Nonghyup cooperatives increased combined property-backed lending during the first half of the year.
  • 1.49 trillion won lifted their property-backed loan balance to 26.75 trillion won by June.
  • Average delinquency rose to 3.37% from 2.79% over six months.
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