External business of Monetary Financial Institutions operating in the UK - 2022 Q3

This statistical release covers claims on and liabilities to other countries by UK-resident banks and building societies (monetary financial institutions).
Published on 02 December 2022

Key points

  • Adjusted for exchange rate movements, external liabilities decreased by $1.5 billion during 2022 Q3. The largest decreases in liabilities were to Developed Countries, with the largest decreases against the United States and Switzerland. The decrease in liabilities to Developed Countries was largely offset by increases in liabilities to the other regional totals.
  • Adjusted for exchange rate movements, external claims increased by $98.7 billion during 2022 Q3. The largest increase in claims was on Developed Countries, with the largest increases on the United States, Japan and Germany.

Table A: Regional breakdown of external claims and liabilities

US$ billions - Not seasonally adjusted

Exchange rate adjusted flows

Amounts outstanding

Q1

Q2

Q3

End-Q3 2022

Liabilities to:

2022

 

 

 

Developed countries

133.5

8.6

- 52.1

3,152.4

Offshore centres

34.6

34.7

10.0

746.2

Developing countries

29.1

- 6.2

3.8

570.5

International Organisations & Other

- 32.7

42.1

36.8

893.0

Total

164.5

79.2

- 1.5

5,362.1

Claims on:

Developed countries

194.2

79.8

64.8

4,049.1

Offshore centres

21.4

- 11.7

- 3.5

542.6

Developing countries

- 7.4

- 6.7

27.9

457.6

International Organisations & Other

28.4

32.9

9.6

169.6

Total

236.5

94.4

98.7

5,218.8

Chart 1: Exchange rate adjusted flows of liabilities by counterpart sector and region 2022 Q3 (US$ billions)

Chart 2: Exchange rate adjusted flows of claims by counterpart sector and region 2022 Q3 (US$ billions)

Exchange rate adjusted flows of external liabilities and claims: Developed Countries

Exchange rate adjusted flows vis-à-vis Developed Countries – 2022 Q3

(US$ billions) - Not seasonally adjusted

Chart 3: Flows of liabilities by country (5 largest increases/decreases)

Chart 4: Flows of claims by country (5 largest increases/decreases)

Table B: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2022 Q3 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Norway

35.7

8.6

29.0

7.2

6.6

1.4

Ireland

194.3

7.1

48.4

-1.6

145.9

8.7

Germany

335.6

5.4

293.0

2.8

42.6

2.6

Canada

119.5

3.7

87.5

7.8

32.0

-4.1

Spain

44.6

2.9

37.8

2.1

6.8

0.9

Largest flow decreases

United States

1,361.4

-38.0

574.4

-34.6

787.0

-3.4

Switzerland

188.9

-20.1

105.5

-30.7

83.4

10.6

Japan

168.6

-8.9

132.5

-13.7

36.1

4.8

Netherlands

160.2

-7.4

61.5

0.7

98.6

-8.2

Belgium

47.6

-7.2

38.9

-7.4

8.7

0.2

Table C: Amounts outstanding and exchange rate adjusted flows of claims by country – 2022 Q3 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

United States

1,521.8

39.4

621.0

12.3

900.8

27.1

Japan

368.1

21.3

217.1

-4.9

151.1

26.2

Germany

508.0

20.1

465.6

11.5

42.4

8.6

Norway

49.5

11.4

42.0

10.0

7.6

1.3

Canada

200.5

6.9

155.7

7.1

44.8

-0.2

Largest flow decreases

Luxembourg

141.8

-10.6

18.6

-14.8

123.2

4.1

Netherlands

132.8

-10.2

62.3

1.6

70.5

-11.8

Switzerland

220.9

-9.5

174.4

-17.4

46.5

7.9

Australia

73.0

-4.9

45.1

-1.0

27.9

-3.9

Belgium

30.4

-4.4

20.8

-5.2

9.6

0.8

Exchange rate adjusted flows of external liabilities and claims: Offshore Centres

Exchange rate adjusted flows vis-à-vis Offshore Centres – 2022 Q3

(US$ billions) - Not seasonally adjusted

Chart 5: Flows of liabilities by country (5 largest increases/decreases)

Chart 6: Flows of claims by country (5 largest increases/decreases)

Table D: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2022 Q3 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Singapore

162.9

26.4

124.9

21.6

38.0

4.8

Guernsey

62.8

5.5

55.8

7.9

7.0

-2.3

Jersey

126.4

4.5

99.1

5.2

27.3

-0.7

Bahamas

16.8

2.3

12.9

1.8

3.9

0.5

Isle of Man

19.1

0.8

14.9

0.8

4.2

0.0

Largest flow decreases

Cayman Islands

147.6

-25.8

18.0

-3.7

129.6

-22.1

Bermuda

23.9

-2.3

14.6

-1.2

9.3

-1.0

Hong Kong

139.8

-2.0

78.0

1.1

61.8

-3.1

Mauritius

3.3

-1.1

2.0

0.4

1.3

-1.5

No other decreases greater than $0.1 bn

Table E: Amounts outstanding and exchange rate adjusted flows of claims by country – 2022 Q3 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Hong Kong

113.6

9.6

56.6

12.3

57.0

-2.7

Singapore

113.4

3.5

78.0

1.9

35.4

1.6

Curacao

5.3

1.7

5.2

1.7

0.2

0.0

Mauritius

5.9

1.2

2.5

0.4

3.3

0.7

Guernsey

20.9

1.1

0.7

-0.1

20.2

1.2

Largest flow decreases

Cayman Islands

168.9

-18.9

80.8

4.1

88.1

-23.0

Jersey

67.9

-1.7

9.1

-1.3

58.9

-0.4

Bahrain

5.9

-1.1

4.6

-1.1

1.3

-0.1

West Indies UK

15.5

-0.2

0.1

0.0

15.5

-0.3

No other decreases greater than $0.1 bn

Exchange rate adjusted flows of external liabilities and claims: Developing Countries

Exchange rate adjusted flows vis-à-vis Developing Countries – 2022 Q3

(US$ billions) - Not seasonally adjusted

Chart 7: Flows of liabilities by country (5 largest increases/decreases)

Chart 8: Flows of claims by country (5 largest increases/decreases)

Table F: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2022 Q3 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Brazil

21.1

17.1

17.2

16.7

3.8

0.3

Qatar

34.8

3.3

10.1

1.8

24.7

1.5

United Arab Emirates

45.2

2.9

25.7

-1.0

19.5

3.8

Turkey

15.3

2.7

10.2

1.3

5.1

1.5

Saudi Arabia

92.8

2.7

47.1

-5.8

45.7

8.5

Largest flow decreases

China

85.7

-32.6

78.5

-33.0

7.3

0.4

Vietnam

1.2

-1.9

1.1

-1.9

0.1

0.0

Czech Republic

2.1

-1.1

1.4

-1.0

0.7

0.0

South Africa

17.9

-0.9

11.4

-2.1

6.5

1.2

Nigeria

20.8

-0.7

14.5

-0.9

6.3

0.2

Table G: Amounts outstanding and exchange rate adjusted flows of claims by country – 2022 Q3 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Brazil

30.3

17.4

19.3

16.6

11.1

0.8

India

33.3

6.4

19.6

4.9

13.7

1.6

Israel

17.6

5.2

12.6

5.2

5.1

0.0

Czech Republic

11.9

3.3

11.2

3.2

0.7

0.0

China

51.3

3.3

41.7

3.4

9.7

-0.1

Largest flow decreases

Saudi Arabia

29.7

-4.4

5.3

-1.1

24.4

-3.3

United Arab Emirates

54.0

-2.5

38.8

-1.5

15.2

-1.0

Malaysia

4.0

-1.1

3.3

-1.0

0.7

-0.1

Peru

0.8

-1.1

0.2

-1.2

0.6

0.1

South Korea

19.5

-0.8

11.3

-0.2

8.2

-0.6

Queries

If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk

Next release date: 3 March 2023

More information

Further data are available in Tables C3.1, C3.2, C3.3 and C3.4 of our latest Bankstats tables.

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