Surge in cross-border credit led by non-banks
Cross-border claims rise at fastest rate since the global crisis, BIS figures show
Flows of credit across borders in the first quarter of this year surged by the largest amount since the global financial crisis, new figures from the Bank for International Settlements show.
The latest international banking statistics, released today (July 24), show an increase in cross-border bank claims of $1.4 trillion between the end of 2018 and the end of the first quarter in 2019. Outstanding cross-border claims were worth $30.5 trillion.
It was the largest quarterly increase since 2007
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