New correspondent banking data - the decline continues at a slower pace

2019 CPMI quantitative review of correspondent banking data

  • The number of active correspondent banks worldwide fell by about 3% in 2019 and about 22% between 2011 and 2019
  • The volume and value of cross-border payments continued to grow over the last eight years, suggesting a higher concentration in payment flows

Cross-border payments are vital for economic growth, international trade, global development and financial inclusion. Yet they are generally slower, more expensive, less transparent and less accessible than domestic payments. These long-standing issues have been thrown into sharp relief by improvements in domestic payments and by developers of proposals for new payment arrangements. 

All data can be found here.