Consolidated worldwide claims - 2021 Q2

This statistical release covers the consolidated worldwide external claims and unused commitments of UK-owned monetary financial institutions (excluding central banks) and their branches and subsidiaries worldwide.
Published on 17 September 2021

Key points

  • UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported an increase in consolidated external claims on an ultimate risk basis of $63.5 billion during 2021 Q2, to a level of $4,133.5 billion.
  • By sector, the largest increase was on the other financial corporations sector, up by $42.5 billion to a level of $915.1 billion.
  • By region, the largest increase in claims was on Developed Countries, up $28.1 billion to a level of $2,468.7 billion.

Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q2 2021 (US$ billions)

Not seasonally adjusted

External claims on:

Developed Countries

Offshore Centres

Developing countries:

Total

Europe

Latin America & Caribbean

Africa & Middle East

Asia & Pacific

 

 

 

 

 

 

 

 

 

 

 

 

Immediate Borrower

2,429.7

810.8

22.4

59.1

162.2

580.5

4,124.4

Net Risk Transfers

38.9

-40.8

-1.5

-0.7

-9.1

21.5

9.1

Ultimate Risk

2,468.7

770.0

20.9

58.4

153.2

602.0

4,133.5

Consolidated external claims: Developed Countries

Changes in consolidated external claims on an ultimate risk basis on Developed Countries, by counterpart sector and by debtor country – Q2 2021

US$ billions - Not seasonally adjusted

Table B: Changes in external claims on an ultimate risk basis: Developed Countries (US$ billions)

Not seasonally adjusted

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

United States

18.8

 

11.0

 

7.8

 

2.6

 

-15.8

29.6

 

3.7

 

-1.3

 

Germany

15.4

 

-8.3

 

23.7

 

-3.2

 

16.3

1.2

 

0.9

 

0.2

 

Canada

8.0

 

7.5

 

0.5

 

-3.7

 

1.0

8.8

 

0.5

 

1.4

 

Luxembourg

5.2

 

2.3

 

2.9

 

-0.1

 

2.5

1.9

 

0.9

 

0.0

 

Japan

1.8

 

-8.9

 

10.6

 

11.0

 

1.2

-7.4

 

-2.8

 

-0.2

 

Largest decreases

France

-7.8

 

-61.2

 

53.4

 

-10.4

 

-1.9

-4.0

 

5.5

 

3.0

 

Ireland

-5.3

 

-4.4

 

-0.9

 

-0.1

 

-0.9

-4.7

 

0.6

 

-0.3

 

Switzerland

-5.0

 

4.5

 

-9.5

 

-1.9

 

-5.4

-0.2

 

2.7

 

-0.2

 

Netherlands

-4.0

 

-3.8

 

-0.2

 

-2.7

 

-1.6

0.0

 

-0.6

 

0.9

 

Australia

-1.9

 

0.5

 

-2.4

 

2.2

 

-2.9

-0.5

 

-1.4

 

0.7

 

Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions)

Not seasonally adjusted

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

United States

1,095.2

 

601.4

 

493.8

 

60.5

 

315.0

544.3

 

135.0

 

40.3

 

Germany

220.9

 

85.0

 

135.9

 

43.8

 

142.4

12.1

 

17.6

 

5.0

 

Canada

135.6

 

55.7

 

79.9

 

19.8

 

39.1

20.8

 

28.1

 

27.7

 

Luxembourg

44.5

 

27.8

 

16.7

 

2.8

 

13.1

17.7

 

9.1

 

1.9

 

Japan

208.6

 

74.5

 

134.1

 

56.5

 

88.7

56.6

 

6.3

 

0.5

 

Largest decreases

France

381.4

 

186.5

 

195.0

 

136.5

 

150.5

35.4

 

32.7

 

26.4

 

Ireland

75.6

 

36.0

 

39.6

 

2.9

 

15.3

22.7

 

15.5

 

19.3

 

Switzerland

63.0

 

20.0

 

43.0

 

5.8

 

44.8

2.2

 

5.1

 

5.1

 

Netherlands

60.9

 

41.7

 

19.2

 

16.2

 

6.0

20.6

 

12.7

 

5.4

 

Australia

68.7

 

25.3

 

43.4

 

14.5

 

15.4

6.0

 

12.7

 

20.2

 

Consolidated external claims: Offshore Centres

Changes in consolidated external claims on an ultimate risk basis on Offshore Centres, by counterpart sector and by debtor country – Q2 2021

US$ billions - Not seasonally adjusted

Table D: Changes in external claims on an ultimate risk basis: Offshore Centres (US$ billions)

Not seasonally adjusted

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

Hong Kong

16.9

 

3.6

 

13.3

 

-2.6

 

-8.0

11.1

 

3.6

 

12.8

 

Jersey

2.7

 

1.9

 

0.8

 

-0.3

 

0.1

3.2

 

-0.3

 

0.0

 

Singapore

1.5

 

0.4

 

1.1

 

-0.3

 

2.2

-0.6

 

-0.6

 

0.9

 

Guernsey

0.7

 

0.5

 

0.1

 

0.1

 

0.0

0.4

 

-0.1

 

0.2

 

Macao

0.7

 

0.5

 

0.1

 

0.4

 

0.0

0.0

 

0.2

 

0.0

 

Largest decreases

Cayman Islands

-2.4

 

-2.3

 

-0.2

 

0.3

 

0.0

-2.4

 

-0.3

 

0.0

 

West Indies UK

-1.3

 

-1.4

 

0.1

 

0.0

 

0.0

-0.4

 

-1.0

 

0.0

 

Bermuda

-1.1

 

-1.1

 

0.0

 

0.1

 

0.0

-1.0

 

-0.2

 

0.0

 

Bahamas

-0.8

 

-0.8

 

0.0

 

0.0

 

0.0

-0.8

 

-0.1

 

0.0

 

 

No other decreases greater than $0.1bn

 

Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions)

Not seasonally adjusted

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

Hong Kong

509.0

 

32.8

 

476.2

 

7.8

 

131.6

45.1

 

156.6

 

168.0

 

Jersey

29.4

 

23.2

 

6.1

 

1.5

 

0.4

14.4

 

7.4

 

5.8

 

Singapore

143.9

 

36.1

 

107.7

 

7.8

 

64.2

10.4

 

28.1

 

33.4

 

Guernsey

14.3

 

9.2

 

5.1

 

0.2

 

0.1

5.9

 

5.3

 

2.8

 

Macao

5.0

 

1.5

 

3.5

 

0.8

 

0.5

0.0

 

2.3

 

1.4

 

Largest decreases

Cayman Islands

36.0

 

35.7

 

0.3

 

0.7

 

0.0

28.0

 

4.6

 

2.7

 

West Indies UK

5.5

 

5.3

 

0.2

 

0.0

 

0.0

0.6

 

3.4

 

1.5

 

Bermuda

7.5

 

5.5

 

2.0

 

0.3

 

0.2

3.2

 

1.8

 

2.1

 

Bahamas

0.6

 

0.6

 

0.0

 

0.0

 

0.0

0.0

 

0.3

 

0.2

 

 

No other decreases greater than $0.1bn

 

Consolidated external claims: Developing Countries

Changes in consolidated external claims on an ultimate risk basis on Developing Countries, by counterpart sector and by debtor country – Q2 2021

US$ billions - Not seasonally adjusted

Table F: Changes in external claims on an ultimate risk basis: Developing Countries (US$ billions)

Not seasonally adjusted

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

China

8.9

 

5.5

 

3.5

 

-2.9

 

-0.5

4.9

 

6.2

 

1.2

 

South Korea

3.8

 

0.8

 

2.9

 

0.5

 

4.0

-1.1

 

0.2

 

0.2

 

Mexico

2.0

 

0.1

 

1.9

 

0.9

 

0.2

0.1

 

0.1

 

0.7

 

Saudi Arabia

1.8

 

2.1

 

-0.3

 

1.0

 

0.0

1.2

 

-0.1

 

-0.2

 

India

1.3

 

1.1

 

0.2

 

-0.7

 

1.5

0.7

 

0.5

 

-0.7

 

Largest decreases

Taiwan

-1.3

 

0.8

 

-2.1

 

-0.2

 

-2.6

1.2

 

0.0

 

0.3

 

Brazil

-1.2

 

-1.1

 

-0.1

 

-0.1

 

-1.1

0.3

 

-0.3

 

0.0

 

Israel

-1.1

 

-1.2

 

0.1

 

0.2

 

-1.3

0.2

 

-0.1

 

-0.1

 

Turkey

-1.1

 

-0.8

 

-0.2

 

0.0

 

-0.8

0.0

 

-0.3

 

0.0

 

Russia

-0.8

 

-0.8

 

0.0

 

-0.3

 

0.3

0.0

 

-0.7

 

0.0

 

Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions)

Not seasonally adjusted

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

China

258.2

 

125.9

 

132.3

 

47.3

 

79.9

23.8

 

83.7

 

23.6

 

South Korea

101.0

 

24.0

 

77.0

 

13.8

 

29.4

4.9

 

19.3

 

33.5

 

Mexico

33.5

 

2.8

 

30.7

 

2.9

 

8.6

2.3

 

11.7

 

8.0

 

Saudi Arabia

18.3

 

18.2

 

0.1

 

6.1

 

4.5

3.4

 

3.2

 

1.1

 

India

73.9

 

16.2

 

57.7

 

7.2

 

27.5

6.0

 

26.4

 

6.8

 

Largest decreases

Taiwan

60.8

 

20.6

 

40.3

 

10.0

 

17.6

5.0

 

13.4

 

14.8

 

Brazil

15.4

 

14.0

 

1.4

 

3.2

 

9.8

0.7

 

1.5

 

0.1

 

Israel

3.9

 

2.5

 

1.4

 

0.4

 

2.2

0.5

 

0.5

 

0.3

 

Turkey

12.4

 

7.7

 

4.7

 

5.7

 

2.0

0.4

 

3.9

 

0.5

 

Russia

2.4

 

2.2

 

0.3

 

0.5

 

1.2

0.0

 

0.6

 

0.2

 

Queries

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

Next release date: 17 December 2021

More information

The tables in this statistical release are also available in Excel format. Table A is a regional breakdown of external claims of UK-owned monetary financial institutions (excluding central banks). Tables B-G are an analysis of consolidated external claims on an ultimate risk basis, by counterpart sector and by debtor country.

This page was last updated 16 September 2021

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