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BIS warns against Chinese lending boom.

Global Banking News-7 December 2009-BIS warns against Chinese lending boom(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 07 December 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The Bank of International Settlements (BIS) has come out strongly against the lending boom in China.

The bank said that the lending boom in China might degrade the quality of banks' balance sheet. This, according to the BIS, is because the increase in lending was 'unavoidably' linked to an easing of credit standards.

BIS said, 'While strong loan growth in China has fuelled the current economic recovery, it is not without risks. The credit expansion raised concerns about excessively loose credit conditions.'

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Publication:Global Banking News (GBN)
Geographic Code:9CHIN
Date:Dec 7, 2009
Words:137
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