Commercial Loan Balances Rise at the Highest Rate Seen in 2021

A free white paper by Automated Financial Systems, Inc. -- AFS

Total commercial loan growth was robust in October, particularly on the heels of a sluggish third quarter. A sharp rise in participation balances, complemented by an increase in C&I bilateral loans, helped lift total commercial loan balances to levels above where they stood prior to the pandemic. With the migration away from LIBOR well underway, the market has seen a growing use of SOFR and other floating-rate alternatives. Loans tied to SOFR made up 11% of total new/renewed activity in October, up from a ratio of 4% in September.

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