Switzerland-Worldwide bank lending remained buoyant in the fourth quarter last year, according to the Bank for International Settlements.

New cross-border lending commitments by banks in Western Europe, Canada, Japan, the United States and offshore banking centers such as the Cayman Islands, Hong Kong, and Singapore, rose 37% to $155.7 billion in the fourth quarter over the previous quarter, the BIS reported. For the year as a whole, announced loans increased 69% to $523.7 billion.

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