International lending shows smallest growth in 13 years: BIS
- Published: 18 Mar 2013 at 03.49
- Online news: World
Cross-border lending saw its smallest growth in 13 years in the third quarter of 2012, according to a report published Sunday by the Bank for International Settlements (BIS).
A car passes by the Bank for International Settlements on May 10, 2010, in Basel, Switzerland. Cross-border lending saw its smallest growth in 13 years in the third quarter of 2012, according to a report published Sunday by the bank.
Between June and September last year, the cross-border lending of banks that report to BIS rose by just $33 billion, or 0.1 percent, from the previous quarter.
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