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-amp-8211-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]