The Bank for International Settlements (BIS) has released international banking statistics for the quarter ending in March 2017.
· Cross-border banking activity rebounded in Q1 2017, partly reversing the decline observed in the second half of 2016. Claims rose by $427 billion between end-December 2016 and end-March 2017, up 2% year on year.
· Lending to non-bank borrowers drove the rebound. Claims on non-bank financial institutions were especially strong, rising by $218 billion in Q1 2017 and 8% year on year.
· Cross-border lending to emerging market economies (EMEs) grew by $151 billion in Q1 2017, the largest increase since Q1 2014. The rise was driven by a few countries, most notably China and the Czech Republic, which saw exceptionally large inflows.
Data are subject to change. Revised data will be released concurrently with the forthcomingBIS Quarterly Review on 17 September 2017. The international banking statistics at end-June 2017 will be released no later than 23 October 2017.