Outstanding deposits of the deposit-taking banks stood at 2,258.6 trillion won (1.7 trillion U.S. dollars) at the end of November, up 6.5 trillion won (4.9 billion dollars) from a month earlier, according to the Bank of Korea (BOK).
Time deposits surged 27.7 trillion won (21 billion dollars) last month on higher deposit rates, but transferable savings' deposits tumbled 19.6 trillion won (14.8 billion dollars) to move money into high-rate deposits.
The BOK began to tighten its monetary policy stance in August last year, hiking its policy rate from a record low of 0.50 percent to 3.25 percent.
Debt owed by households to the deposit-taking banks came to 1,057.8 trillion won (801 billion dollars) at the end of November, down 1 trillion won (757 million dollars) from a month earlier.
It continued to slide for three consecutive months amid the higher lending rate.
Mortgage loans to households expanded 1 trillion won (757 million dollars), but credit loans reduced 2 trillion won (1.5 billion dollars) last month.
Banks' corporate loans gained 10.5 trillion won (7.9 billion dollars) from a month earlier to 1,179.7 trillion won (893.1 billion dollars) at the end of November, keeping an upward trend for the 11th successive month.
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