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Bank of Korea to raise ceiling on SME lending facility
March 12, 2015 / 5:22 AM / 3 years ago

Bank of Korea to raise ceiling on SME lending facility

SEOUL, March 12 (Reuters) - South Korea’s central bank plans to expand its lending programme for small and medium-sized enterprises by about 3.5 trillion won ($3.1 billion) to support their investments and operations, its chief told reporters on Thursday.

A media relations official at the Bank of Korea said Governor Lee Ju-yeol told a small group of reporters of the increase after a news conference. He did not elaborate on details such as the timing of the increase.

The ceiling is currently at 15 trillion won. ($1 = 1,126.8000 won) (Reporting by Christine Kim and Choonsik Yoo; Editing by Eric Meijer)

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