Consolidated worldwide claims - 2021 Q3

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 December 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 $11.1 billion during 2021 Q3, to a level of $4,149.1 billion.
  • By sector, the largest increase was on the other financial corporations sector, up by $22.6 billion to a level of $952.4 billion.
  • By region, the largest increase in claims was on Developed Countries, up $22.4 billion to a level of $2,495.7 billion.

Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q3 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

2,476.7

812.0

21.6

57.7

160.5

572.6

4,159.3

Net Risk Transfers

19.0

-40.1

-0.5

-0.5

-10.0

21.1

-10.1

Ultimate Risk

2,495.7

771.9

21.1

57.2

150.5

593.7

4,149.1

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 – Q3 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

39.9

 

17.3

 

22.6

 

1.0

 

24.0

12.6

 

2.2

 

0.1

 

Japan

11.1

 

1.6

 

9.5

 

1.0

 

-0.1

8.3

 

1.9

 

0.0

 

Netherlands

4.9

 

3.3

 

1.5

 

0.9

 

1.1

0.5

 

2.0

 

0.4

 

Australia

2.7

 

4.2

 

-1.4

 

0.7

 

0.4

1.9

 

0.2

 

-0.5

 

Luxembourg

1.7

 

-0.5

 

2.2

 

0.1

 

2.0

-0.4

 

0.0

 

-0.1

 

Largest decreases

France

-23.4

 

4.3

 

-27.7

 

8.2

 

-29.5

-1.0

 

-0.9

 

-0.2

 

Germany

-11.0

 

-6.6

 

-4.4

 

1.1

 

-9.7

-0.8

 

-1.8

 

0.1

 

Switzerland

-3.0

 

2.7

 

-5.8

 

1.9

 

-6.1

0.3

 

0.9

 

-0.1

 

Italy

-3.0

 

-2.6

 

-0.4

 

0.8

 

-2.3

-0.3

 

-0.8

 

-0.4

 

Finland

-1.0

 

-0.9

 

-0.1

 

0.5

 

-1.7

-0.1

 

0.3

 

0.0

 

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

1,149.8

 

618.6

 

531.2

 

58.4

 

342.8

572.5

 

135.6

 

40.5

 

Japan

222.7

 

79.2

 

143.6

 

60.5

 

88.6

64.9

 

8.2

 

0.5

 

Netherlands

65.8

 

45.0

 

20.8

 

17.1

 

7.0

21.1

 

14.7

 

5.7

 

Australia

71.4

 

29.4

 

42.0

 

15.2

 

15.8

7.9

 

12.9

 

19.7

 

Luxembourg

46.2

 

27.3

 

18.9

 

3.0

 

15.0

17.3

 

9.1

 

1.8

 

Largest decreases

France

359.4

 

192.1

 

167.3

 

148.5

 

121.0

31.9

 

31.8

 

26.2

 

Germany

195.6

 

82.0

 

113.6

 

46.6

 

115.3

12.6

 

15.9

 

5.1

 

Switzerland

60.0

 

22.7

 

37.3

 

7.7

 

38.7

2.5

 

6.0

 

5.1

 

Italy

17.7

 

10.3

 

7.4

 

4.6

 

0.7

2.2

 

3.3

 

6.9

 

Finland

8.4

 

8.2

 

0.2

 

3.9

 

2.4

0.4

 

1.7

 

0.0

 

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 – Q3 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

Singapore

3.7

 

1.8

 

1.9

 

-0.6

 

3.6

0.8

 

-0.3

 

0.1

 

Hong Kong

0.8

 

4.3

 

-3.6

 

2.5

 

8.2

-3.7

 

-1.8

 

-4.4

 

Mauritius

0.2

 

0.1

 

0.1

 

0.0

 

0.0

0.0

 

0.1

 

0.0

 

Bermuda

0.2

 

0.1

 

0.0

 

-0.1

 

0.0

0.4

 

-0.1

 

-0.1

 

West Indies UK

0.1

 

0.1

 

0.0

 

0.0

 

0.0

-0.1

 

0.4

 

-0.1

 

Largest decreases

Cayman Islands

-1.0

 

-1.2

 

0.2

 

-0.4

 

0.0

0.0

 

0.1

 

-0.7

 

Guernsey

-1.0

 

-0.8

 

-0.2

 

0.2

 

0.0

-0.6

 

-0.5

 

-0.1

 

Jersey

-0.4

 

-0.5

 

0.1

 

0.1

 

-0.1

-0.3

 

0.0

 

-0.1

 

Isle of Man

-0.2

 

-0.2

 

0.0

 

0.0

 

0.0

0.0

 

-0.2

 

0.0

 

Macao

-0.1

 

-0.1

 

0.0

 

-0.1

 

0.0

0.0

 

0.0

 

0.0

 

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

Singapore

147.4

 

37.9

 

109.5

 

7.1

 

67.8

11.2

 

27.8

 

33.5

 

Hong Kong

509.8

 

37.2

 

472.6

 

10.3

 

139.8

41.4

 

154.8

 

163.6

 

Mauritius

3.3

 

2.1

 

1.3

 

0.5

 

0.4

0.6

 

1.7

 

0.2

 

Bermuda

7.7

 

5.6

 

2.0

 

0.2

 

0.2

3.6

 

1.7

 

2.0

 

West Indies UK

5.6

 

5.5

 

0.2

 

0.0

 

0.0

0.5

 

3.7

 

1.4

 

Largest decreases

Cayman Islands

35.0

 

34.6

 

0.5

 

0.4

 

0.0

28.0

 

4.6

 

2.0

 

Guernsey

13.3

 

8.5

 

4.9

 

0.3

 

0.1

5.4

 

4.8

 

2.7

 

Jersey

28.9

 

22.7

 

6.2

 

1.5

 

0.3

14.0

 

7.5

 

5.6

 

Isle of Man

5.1

 

3.4

 

1.7

 

0.1

 

0.3

0.2

 

2.3

 

2.2

 

Macao

4.9

 

1.4

 

3.5

 

0.8

 

0.5

0.0

 

2.2

 

1.4

 

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 – Q3 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

India

1.9

 

-1.5

 

3.5

 

0.7

 

0.3

1.0

 

0.0

 

-0.1

 

Indonesia

0.9

 

0.3

 

0.7

 

0.4

 

0.7

0.0

 

-0.2

 

0.0

 

Russia

0.6

 

0.7

 

0.0

 

0.0

 

0.6

0.0

 

0.0

 

0.0

 

Egypt

0.6

 

0.1

 

0.5

 

-0.4

 

0.9

0.0

 

0.0

 

0.0

 

Nigeria

0.5

 

0.2

 

0.3

 

0.2

 

0.3

0.0

 

-0.1

 

0.0

 

Largest decreases

China

-5.9

 

-5.5

 

-0.3

 

-2.2

 

-1.5

-1.4

 

0.4

 

-1.3

 

South Korea

-2.9

 

0.9

 

-3.9

 

-0.6

 

-2.5

0.3

 

0.2

 

-0.3

 

United Arab Emirates

-2.4

 

-2.9

 

0.6

 

-0.8

 

0.4

-0.2

 

-1.7

 

0.0

 

Philippines

-1.5

 

-0.5

 

-1.1

 

-0.7

 

-0.8

0.0

 

-0.2

 

0.2

 

Mexico

-1.1

 

-0.2

 

-1.0

 

-1.4

 

-0.2

0.9

 

-0.7

 

0.3

 

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

India

75.9

 

14.7

 

61.2

 

7.9

 

27.9

6.9

 

26.4

 

6.7

 

Indonesia

15.1

 

3.9

 

11.3

 

1.1

 

6.8

0.3

 

5.2

 

1.7

 

Russia

3.1

 

2.8

 

0.2

 

0.5

 

1.8

0.0

 

0.6

 

0.2

 

Egypt

12.5

 

5.6

 

6.9

 

0.7

 

8.7

0.2

 

2.3

 

0.6

 

Nigeria

6.0

 

3.0

 

3.0

 

0.8

 

3.1

0.0

 

1.6

 

0.5

 

Largest decreases

China

252.3

 

120.3

 

132.0

 

45.0

 

78.4

22.4

 

84.1

 

22.4

 

South Korea

98.0

 

24.9

 

73.1

 

13.2

 

26.9

5.2

 

19.4

 

33.3

 

United Arab Emirates

49.9

 

16.7

 

33.2

 

8.8

 

13.3

1.1

 

18.0

 

8.8

 

Philippines

5.1

 

1.9

 

3.2

 

0.8

 

2.0

0.1

 

1.5

 

0.7

 

Mexico

32.4

 

2.7

 

29.7

 

1.5

 

8.4

3.1

 

11.0

 

8.3

 

Queries

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

Next release date: 18 March 2022

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