Global non-bank loans rise to $12.2tr

By Taofik Salako, Deputy Business Editor

The Bank for International Settlements (BIS) has released its global liquidity indicators for the period ended December 31, 2019.

The report showed that US dollar credit to non-bank borrowers outside the United States grew by six per cent to $12.2 trillion by the end of 2019.

The yearly growth rate of euro-denominated credit outside the euro area slowed to six per cent while that of yen-denominated credit outside Japan turned negative at –1.0 per cent.

Also, in 2019, euro-denominated credit overtook US dollar-denominated credit as the largest stock of foreign currency credit to emerging Europe.

Meanwhile, the report indicated that the debt securities share in US dollar credit outside the United States has risen considerably over the past decade across a number of major borrowing regions.