ECONOMY

Lending by overseas banks to Greece fell by $22 bln in Q1 – BIS data

Lending by overseas banks to Greece fell by $22 bln in Q1 – BIS data

Lending by international banks to Greece fell by $22 billion in the first quarter of this year as concerns about its economy and eurozone membership mounted, according to cross-border lending data released on Friday.

The Bank for International Settlements, which tracks cross-border lending, said global cross-border lending rose by $755 billion in the first quarter, led by a surge in lending to euro zone countries, with the exception of Greece.

BIS said there was also another quarterly decline in lending to Russia and Ukraine.

[Reuters]

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