Data compiled by
Lending rose by 3.04 per cent in
"Although the recovery is now taking hold in many developed econ-omies such as the
Of the 23 countries assessed by the accountancy firm, only seven performed more poorly than the
"Demand for loans is increasing, but the banks are generally not granting new requests unless they are from existing customers with a good track record and security."
In comparison to even the strong-est advanced economies, lending in the developing giants of
In nominal terms, without acc-ounting for inflation, Brazilian credit has expanded by an astonishing 115.2 per cent during the four years to 2013. Chinese lending has risen by a similar amount, up by 112.14 per cent.
Sacker added: "While typically banks have been comfortable with their emerging markets lending because overall levels of indebt-edness are relatively low, there are now growing concerns about whether debt levels in
The international watchdog also cited
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