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 | ||||||
Chart 1: Changes in external claims on an ultimate risk basis by region and origin of claim
Chart 2: External claims on an ultimate risk basis analysed by country share
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
Chart 3: Changes in consolidated claims by counterpart sector
Chart 4: Changes in consolidated claims by country (5 largest increases/decreases)
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
Chart 5: Changes in consolidated claims by counterpart sector
Chart 6: Changes in consolidated claims by country (5 largest increases/decreases)
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
Chart 7: Changes in consolidated claims by counterpart sector
Chart 8: Changes in consolidated claims by country (5 largest increases/decreases)
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 |
| |
