Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Banks Raise Cross-Border Lending by Least in 13 Years, BIS Says

Don't Miss Out —
Follow us on:

March 18 (Bloomberg) -- Global banks’ cross-border lending increased at the slowest rate in 13 years in the third quarter, restrained by a contraction in loans to financial firms in the euro-area, the Bank for International Settlements said.

Lenders reporting to BIS, the record keeper of the world’s central banks, increased cross-border assets by $33 billion, or 0.1 percent, in the three months through September, according to data released by the BIS yesterday. Cross-border claims on non-banks increased by $153 billion, or 1.4 percent, in the period. Lending to banks fell by $120 billion, or 0.7 percent.

“An expansion of cross-border credit to non-banks, especially those located in the U.S., was largely offset by a decline in claims on banks in the euro area,” the BIS said.

Foreign banks are reducing their lending to European banks on concern that the region’s sovereign debt crisis could be exacerbated by political uncertainty in Italy, the area’s third-largest economy. Banks are also reducing lending as they try to meet the stricter capital requirements set by the Basel Committee on Banking Supervision.

The increase in cross-border claims was concentrated in those denominated in U.S. dollars, pounds and peripheral currencies, the Basel, Switzerland-based BIS said. Claims in euros fell by the most in the period.

To contact the reporter on this story: Gavin Finch in London at

To contact the editor responsible for this story: Edward Evans at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.