Posted September. 15, 2002 23:01,
As of the end of June, about 70,000 bank accounts were known to have more than 500 million won per each.
According to the report of The Deposits Tendency of Commercial banks for the First Half of 2002 by Korea Central Bank, at the end of June, there are 57,590 saving accounts, 9,228 cash trust accounts, 2,594 CD accounts, 600 drafts accounts, etc, total 70,012 accounts that have more than 500 million won each. It is numeric value increased by 4.2% compared to the end of the last year. Korea Central Bank estimates that 905 of more than 5 billion accounts are of corporations.
The total amount of the accounts of more than 500 million won is 199.6 trillion won increased by 12.7% compared to the end of the last year. Particularly among them, regular saving increased to 39,800 accounts increased by 11.7% compared to the end of the last year, the total amount is 102.9 trillion won increased by 14.5%.
Yang Dae-jeong, the officer for Economic Statistics analyzed even the number of large amount accounts and the amount increased 2-3% for the last 6 months, the increasing rate increased highly because expansionary economic policy.
In the first half of this year, aggregate savings of all of banks is 646.5 trillion won increased by 8.3% (49.8 trillion won) compared to the end of the last year. Saving amount increased by62% compared to the same period of the last year (30.6 trillion won) and the second half of the last year (30.6 trillion won).
However, the number of accounts only is 160 million, so increased only by 1.5% (2.35 million accounts). Therefore the increasing rate dropped largely compared to the increased number for the second half of the last year (12,3 million accounts).
There are 76.62 accounts that have less than 1 thousand won deposits, and they share 48.8% of total accounts. Average balance of regular saving accounts is 30.18 million won, 780 thousand won for a saving account, and increased 1.29 million won (4.4%), 6 thousand won (7.7%) for each.