Japanese banks have once again become the biggest overseas lenders, returning to a position they last occupied in the late 1990s before a deep banking crisis forced them to pull back from international markets.
The Bank for International Settlements (BIS), which charts cross-border lending around the world, on Sunday said Japanese banks were responsible for 13 percent of cross-border lending at the end of March, up from 8 percent in early 2007, after stepping up lending to emerging markets, Caribbean and U.S. borrowers.The put Japanese lenders above U.S. and German banks, who accounted for 12 percent and 11 percent of cross-border lending at the end of March, respectively. British and French banks both accounted for just over 10 percent of loans.
The BIS report said Japanese banks funded their expansion mainly through financing from their large domestic deposit base.
Source: Reuters
The BIS report said Japanese banks funded their expansion mainly through financing from their large domestic deposit base.
Source: Reuters
