Printer Friendly

BIS warns against Chinese lending boom.

Global Banking News-7 December 2009-BIS warns against Chinese lending boom(C)2009 ENPublishing -

Global Banking News - 07 December 2009(c)2005 - Electronic News Publishing -

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.'

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Geographic Code:9CHIN
Date:Dec 7, 2009
Previous Article:Argentina and Bahamas agree on sharing banking information.
Next Article:FDIC says minorities have lesser access to banking services.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters