Arab Today, arab today crossborder lending falls in q2 of 2013
Last Updated : GMT 21:55:04
Arab Today, arab today
Arab Today, arab today

Cross-border lending falls in Q2 of 2013

Arab Today, arab today

Arab Today, arab today Cross-border lending falls in Q2 of 2013

Zurich - AFP

Cross-border lending contracted in the second quarter of 2013, reined in by the US Federal Reserve's talk of tightening its monetary policy, the Bank for International Settlements said on Sunday. The Swiss-based BIS said in its quarterly statistics that such loans fell by $515 billion (377 billion euros) across the quarter, 1.8 percent down on the previous three months. As a result, cross-border loans stood at a total of $23.3 trillion at the end of June, down 1.2 percent from a year earlier. The BIS, which is often dubbed the central bankers' central bank, said the loan slowdown went hand in hand with market volatility after the Federal Reserve signalled in May it could tighten monetary policy if the US unemployment rate fell. Loans to emerging markets slowed markedly, growing by just 0.7 percent over April to June. The first quarter had seen loans to emerging markets hit a record level, growing by 8.4 percent to reach $267 billion, with the BIS underlining that this was just the latest step in a long-term trend. Brazil, China and Russia accounted for 85 percent of the growth. Most affected by the second-quarter slowdown in emerging markets were Latin America and the Caribbean -- with loans to Brazil contracting by 6.2 percent. Across other emerging market regions, cross-border loans remained largely stable, though there were marked difference between countries. In Asia, notably, loans to India and South Korea both fell by 3.3 percent, but rose by 8.1 percent in China. Powerhouse China received 21 percent of the globe's cross-border loans, up from 8.0 percent in 2007. The BIS noted that the pace of growth in loans to China had nonetheless slowed. In developed economies, the fall in credit mainly affected the non-banking sector, in the wake of a major expansion in the previous three quarters. But banks were not untouched, with loans to British banks falling by 5.9 percent and those to their eurozone counterparts by 3.4 percent. US banks were the exception that proved the rule, however, seeing loans rise by 11.0 percent.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today crossborder lending falls in q2 of 2013 Arab Today, arab today crossborder lending falls in q2 of 2013

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday