How BRIC bank lending weathered the crisis

Overview

Bank lending experiences in the BRICs during the recent crisis followed rather different pathways. In China bank lending rose strongly during 2009 but it is now beginning to trend down, albeit from a relative high 30 per cent level. By contrast the pace of bank lending in Brazil and India slowed in the crisis but remained solidly in positive territory. Recent trends in both countries suggest an upturn is under way. In Russia an unsustainable lending boom turned into bust as loan growth...