[Key takeaways]
- Cross-border bank credit rose by 11% year on year at end-March 2026. The expansion was broad-based across instruments and counterparty sectors.
- Bank credit to emerging market and developing economies expanded by $148 billion in Q1 2026, primarily concentrated in Africa and the Middle East and emerging Europe.
- The BIS global liquidity indicators exhibited robust growth in foreign currency credit denominated in US dollars and euros, with the latter expanding at a relatively faster pace.