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Bankers Say Asia Loan Market to Stay Weak as War Saps Confidence

Bankers Say Asia Loan Market to Stay Weak as War Saps Confidence
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Bankers Say Asia Loan Market to Stay Weak as War Saps Confidence Asia’s loan market is heading into the second half of the year with little sign of a rebound, according to bankers, as the fallout from the Iran war continues to suppress confidence among lenders and borrowers. Loan issuance in dollars, euros and yen across Asia Pacific ex-Japan dropped 15% from a year earlier to $69 billion in the first six months, the weakest first-half performance in 16 years, according to data compiled by...

Bankers Say Asia Loan Market to Stay Weak as War Saps Confidence Asia’s loan market is heading into the second half of the year with little sign of a rebound, according to bankers, as the fallout from the Iran war continues to suppress confidence among lenders and borrowers. Loan issuance in dollars, euros and yen across Asia Pacific ex-Japan dropped 15% from a year earlier to $69 billion in the first six months, the weakest first-half performance in 16 years, according to data compiled by Bloomberg.
Asia (LOCATION) the Iran war (EVENT) Asia Pacific (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →