February 7, 2025 (NO COMMENTS)

Global banks’ cross-border claims rose by $629 billion in the third quarter of last year to $41 trillion, data from the Bank of International Settlements (BIS) shows.

The increase was primarily driven by cross-border credit to non-bank financial institutions (NBFIs), which climbed by $495 billion over the quarter, reaching an annual growth rate of 13.5% – the highest since Q1 2020. The non-financial sector also saw substantial growth, with a $209 billion quarterly increase and 10% rise over the