Credit to China remained substantially lower at end-September 2023 compared to mid-2021

But despite the global downturn, there were some notable bright spots

In the first quarter of 2024, banks expect a small net increase in demand for loans to firms — for the first time since the second quarter of 2022

Facebook Marketplace scams currently account for 73% of all purchase fraud cases at the bank.

As laid bare by stress test results, relevant credit growth in China is unlikely as it could further undermine banks’ loss absorption capacity.

The growth of credit in Turkey has suffered in the past few years, though it showed more dynamism last year.

Banks in the country will lose the ability to generate sufficient levels of capital.

Slower economic growth will weigh on loan growth, and banks worldwide have announced significant job cuts.

The country’s financial institutions are working on consolidating the role of cash and the requirements for access to it with a law that would take effect in January 2025.

Polish and Czech banks dominate the top 10 based on Tier 1 capital, with Hungary’s OTP Bank pipping PKO Bank Polski to first spot this year.