Euro credit growth catches up with dollar in global flows

- By Lea Mok
- 14 Nov 2025

Global cross-border bank credit expanded by $917 billion to $37 trillion in the second quarter, as annual growth of euro-denominated lending narrowly surpassed that of dollar credit for the first time since Q2 2023, data from the Bank for International Settlements shows.

Quarterly growth in international dollar credit slowed to $399.2 billion, down from $771 billion – a 48% deceleration after

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