Lending to borrowers in emerging markets expanded by $84 billion in the
first quarter of 2012 from the previous quarter while lending to residents in
developed economies contracted by $12 billion, according to the Bank for
International Settlements.
Total international
lending by major banks reporting to the BIS inched up by $59 billion, or 0.2
percent, to $30.7 trillion in outstanding claims, according to preliminary banking statistics.
The largest increase in lending to borrowers in emerging markets came
from credit to residents of China, which rose by $54 billion, BIS said.
The drop in lending to developed economies was driven by claims on
banks, which fell by $18 billion, a large improvement from the fourth quarter
of 2011 when interbank positions plunged by $513 billion from the previous quarter.
The largest decline in lending was to banks in the United States, France
and Switzerland and this was offset by increased claims on banks in Germany and
Japan.
Lending to non-banks in Greece fell by $24 billion in the first quarter
with total claims outstanding falling to $101 billion at the end of March, down
from a peak of $251 billion recorded at the end of the third quarter of 2009.
On
a consolidated basis, which excludes inter-office positions, international
claims rose $748 billion to $19.8 trillion at the end of the first quarter.
On
an ultimate risk basis, which takes into account net risk transfers, other
potential exposures stood at $16.6 trillion at the end of March. This was
largely unchanged in unadjusted terms with exchange rate movements masking a
decline, the BIS said.
The BIS lending data include the positions of banks resident in Indonesia for
the first time, bringing it to 44 countries that report data to the BIS. At the
end of March, banks in Indonesia reported international claims of $69 billion
and international liabilities of $72 billion.
Final lending figures and an analysis of the
trend in the first quarter will be released by the BIS on September 17 in its
quarterly review.
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