LONDON -(Dow Jones)- Banks cut lending to troubled euro-zone countries in the first three months of 2012 and boosted lending to Germany, likely reflecting uncertainties about the credit-worthiness of a number of European governments and doubts about the solvency of major banks. The Bank for International Settlements Wednesday said the total cross-border exposure of banks rose $59 billion in the three months to the end of March, adjusted for exchange rate moves. But the BIS figures showed banks cut lending to Greece by $27.7 billion, to Portugal by $12.6 billion, to Spain by $27 billion, to Italy by $14.8 billion and to Ireland by $54.6 billion. The figures showed banks boosted their lending to Germany, perceived by investors to be a safe haven within the euro zone, by $239.2 billion. The biggest drop in lending was to developed economies, down by $626 billion, with lending between banks falling by $ 499 billion. The BIS said the largest falls in lending to banks was recorded in Germany, the U.K. and the U.S. The decline in Greece brought total lending by foreign banks to $101 billion, down from a peak of $251 billion in September 2009. That probably reflects a stalling of regular inter-bank lending during the final three months of last year on renewed concerns about the impact on their financial health of their holdings of government bonds. Write to Paul Hannon at paul.hannon@dowjones.com -0-Bis banks cut lending to troubled euro-zone countries in 1q - Plastic Measuring Cup ManufacturerBis banks cut lending to troubled euro-zone countries in 1q - Plastic Measuring Cup ManufacturerBis banks cut lending to troubled euro-zone countries in 1q - Plastic Measuring Cup ManufacturerBis banks cut lending to troubled euro-zone countries in 1q - Plastic Measuring Cup ManufacturerBis banks cut lending to troubled euro-zone countries in 1q - Plastic Measuring Cup ManufacturerBis banks cut lending to troubled euro-zone countries in 1q - Plastic Measuring Cup Manufacturer I am an expert from electronicbalancescale.com, while we provides the quality product, such as Plastic Measuring Cup Manufacturer , Digital Gold Scales Manufacturer, Digital Tabletop Scale,and more.
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