Asia-Pac banks now dominant player in region's cross-border lending
Singapore
BANKS in Asia-Pacific have taken up the mantle for lending within the region from European banks, as cross-border banking activity picked up again from the fall during the global financial crisis.
And in a reversal of the trend before 2008, banks in Singapore have started borrowing from advanced economies on a net basis and lending most of the funds to emerging economies in Asia, said the Bank for International Settlements (BIS) on Sunday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
AI risks to financial stability are already a central bank worry
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Over S$646,000 spent to store, maintain, safeguard assets in money laundering case
Philippines eyes US$2 billion in its first global bond this year
UniCredit jumps past 60 billion euro market cap to join elite club
New Thai finance minister downplays row with central bank