SEOUL, Oct. 13 (Yonhap) — South Korean banks’ household loans continued to grow at a fast pace in September largely due to accelerated home-backed lending amid soaring home prices, central bank data showed Tuesday.

Outstanding bank loans to local households came to 957.9 trillion won (US$832.5 billion) as of end-September, up 9.6 trillion won from the previous month, according to the data from the Bank of Korea (BOK).

It slowed from an all-time high of an 11.7 trillion-won gain in August but still marked the second-largest monthly gain since the BOK began to compile related data in 2004.

The BOK said the rise in such lending was mainly attributable to solid demand for home-backed lending.’