Overseas lenders back eurozone, shun UK and US

Lenders favoured euro area borrowers over their UK and US rivals in the third quarter of 2018, data from the Bank for International Settlements (BIS) shows.

Cross-border loans to eurozone counterparties increased $93 billion to $7.96 trillion in the three months to end-September, raising the annual growth rate to 2.3% – up from -3.4% in the third quarter of 2017. The growth rate had been negative for six consecutive quarters. 

In contrast, cross-border loans to the US rose by just $13 billion

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