- Global cross-border bank claims continued to expand rapidly, growing at 9% year on year.
- As in previous quarters, the expansion was mainly due to claims on the non-bank sector, which grew at 12% year on year. The growth in claims on non-bank financial institutions was particularly strong (+17%).
- European banks’ cross-border lending, which went through a prolonged contraction after the Great Financial Crisis (GFC) of 2007-09, has been expanding again since the start of 2018.
Link: BIS international banking statistics at end-September 2019