Syndicated bank lending increased 60% in Europe, the Middle East, and Africa last year, to a record $498 billion, driven by a surge in mergers and acquisitions.

Thomson Financial Securities Data, an affiliate of American Banker, said that Britain's Barclays Bank PLC ranked as the top syndicator, with $43 billion worth of loans. Citigroup Inc. moved into second place last year, with $36 billion, up from $22 billion the year before. Deutsche Bank AG, which last year bought Bankers Trust Corp. of New York, came in third, with $34 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.