Statistical release: BIS international banking statistics and global liquidity indicators at end-September 2023

Banks cross-border claims rose by $801 billion in Q3 2023 to reach $38 trillion, +1% year-on-year (yoy), driven by derivatives valuations and increased cross-border bank credit (loans plus holdings of debt securities). Cross-border bank credit increased by $448 billion in Q3 (+2% yoy) due to robust lending to advanced economies (AEs). By contrast, credit to emerging market and developing economies (EMDEs) contracted by 3% yoy. Cross-border bank credit to non-banks expanded, with a $254 billion increase in lending to non-bank financial institutions (NBFIs) in Q3 (+7% yoy). Credit to non-financial borrowers in China has been declining since mid-2021, amid tightening financial conditions, Covid-19 lockdowns and strains in the domestic real estate sector. The BIS global liquidity indicators (GLIs) show an uptick in US dollar-denominated foreign currency credit in Q3 2023; US dollar credit to EMDEs, however, continued to decline.


This information was gathered from the Bank for International Settlements


The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1929, its initial purpose was to oversee the settlement of World War I war reparations.  Last updated from Wikipedia 2024-04-10T12:57:25Z.
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Recently updated charts from the most popular data releases according to the Federal Reserve Economic Database (FRED).