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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