U.S. banks last year provided more than half of all new letters of credit commitments for the first time in a decade.

The banks gained 57% of the market last year, according to Standard & Poor's Corp. The increase is due to improving economic conditions, strong loan growth, and better relative credit quality.

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.