Cross-border bank loans denominated in euros grew 2.15% on an annual basis in the third quarter of last year, increasing for the first time since mid-2015, figures from the Bank for International Settlements show.
Outstanding euro loans stood at $8.6 trillion at end-September 2018, up from $8.3 trillion the year before. BIS calculates the annual growth rate by taking foreign exchange rate- and break-adjusted changes on a quarterly basis and compounding over four quarters, meaning the reported
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