US Banks' Lending to Private Credit Providers Reaches $300 Billion
By
JumpCrisscross
A good honest bake. Not flashy, but you'll finish the whole bagel.
Summary
US banks have lent nearly $300 billion to private credit providers as of June 2024, with overall lending to non-depository financial institutions reaching $1.2 trillion. According to Moody's Ratings analysis, loans to these institutions now comprise 10.4% of US banks' total lending, nearly triple the 3.6% share recorded a decade ago. This significant growth reflects banks' adoption of new strategies and their increasing exposure to the private credit market.
Key quotes
· 3 pulledUS banks have lent nearly $300bn (£225.2bn) to private credit providers as of June, with overall lending to non-depository financial institutions (NDFIs) reaching $1.2tn.
Loans to these institutions comprising 10.4 per cent of US banks' total lending, almost three times the 3.6 per cent share recorded a decade ago, according to analysis by Moody's Ratings.
Moody's explained that the shift towards private credit by US banks reflects their adoption of new strategies.
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