Consolidated worldwide claims - 2021 Q4

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 18 March 2022

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 $43.8 billion during 2021 Q4, to a level of $4,192.9 billion.
  • By sector, the largest increase was on the non-financial corporations sector, up by $30.9 billion to a level of $788.3 billion.
  • By region, the largest increase in claims was on Developing Countries, up $43.0 billion to a level of $865.6 billion.

Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q4 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

2,463.6

813.0

22.6

72.5

169.3

591.8

4,195.7

Net Risk Transfers

24.2

-37.1

-0.2

-1.1

-8.6

19.3

-2.8

Ultimate Risk

2,487.8

775.9

22.4

71.4

160.7

611.0

4,192.9

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 - Q4 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) - Q4 2021

of which by origin:

of which by sector:

 

 

Total

Cross-border

Local

DTC

Public sector

OFC

NFC

HH

Largest increases

Switzerland

19.1

5.2

14.0

-0.7

15.8

0.8

3.0

0.3

Germany

8.3

8.5

-0.2

1.7

6.9

0.3

-0.6

0.0

United States

7.4

41.9

-34.5

-8.7

-11.3

7.3

19.3

0.7

Canada

6.0

5.7

0.3

4.4

-0.4

0.9

0.9

0.2

Australia

4.4

3.2

1.2

-0.1

0.5

1.7

1.6

0.7

Largest decreases

France

-20.6

-27.8

7.2

-20.9

7.1

-2.5

-3.7

-0.6

Netherlands

-6.6

-6.2

-0.4

-2.7

0.0

-4.0

-0.1

0.1

Luxembourg

-6.0

-1.8

-4.2

-0.2

-4.2

-0.6

-0.9

-0.1

Ireland

-5.1

-0.6

-4.5

-0.6

-2.8

-2.0

1.0

-0.8

Japan

-4.8

11.9

-16.7

5.5

-20.1

1.7

8.1

0.0

Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - End-Q4 2021

of which by origin:

of which by sector:

 

 

Total

Cross-border

Local

DTC

Public sector

OFC

NFC

HH

Largest increases

Switzerland

79.1

27.9

51.2

7.0

54.5

3.3

9.0

5.3

Germany

203.9

90.4

113.5

48.3

122.2

12.9

15.3

5.1

United States

1157.2

660.6

496.6

49.7

331.6

579.9

154.9

41.2

Canada

142.7

57.7

85.0

22.1

39.6

24.1

28.7

28.3

Australia

75.8

32.6

43.2

15.1

16.3

9.6

14.5

20.4

Largest decreases

France

338.7

164.3

174.5

127.6

128.0

29.4

28.1

25.5

Netherlands

59.1

38.8

20.3

14.4

7.1

17.1

14.7

5.9

Luxembourg

40.2

25.5

14.7

2.8

10.8

16.7

8.2

1.7

Ireland

71.5

36.5

34.9

1.7

12.3

23.4

16.3

17.8

Japan

218.0

91.0

126.9

66.0

68.5

66.6

16.4

0.4

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 - Q4 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) - Q4 2021

of which by origin:

of which by sector:

 

 

Total

Cross-border

Local

DTC

Public sector

OFC

NFC

HH

Largest increases

Cayman Islands

18.1

18.4

-0.3

0.0

0.0

19.7

-1.0

-0.6

Singapore

3.4

1.0

2.4

0.2

-0.3

1.3

1.0

1.3

Bermuda

0.4

0.5

-0.1

0.0

0.0

0.3

0.1

0.0

West Indies UK

0.3

0.4

-0.1

0.0

0.0

0.2

-0.1

0.3

Panama

0.2

0.2

0.0

0.1

0.1

0.0

0.0

0.0

Largest decreases

Hong Kong

-16.8

-1.1

-15.6

-0.3

-12.8

-2.5

-1.5

0.3

Jersey

-0.8

-0.6

-0.2

0.4

0.0

-0.1

-1.2

0.0

Curacao

-0.3

-0.3

0.0

0.0

0.0

-0.3

0.0

0.0

Macao

-0.2

-0.1

-0.1

-0.1

0.1

0.0

-0.2

0.0

Bahamas

-0.2

-0.2

0.0

0.0

0.0

0.0

-0.1

-0.1

Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - End-Q4 2021

of which by origin:

of which by sector:

 

 

Total

Cross-border

Local

DTC

Public sector

OFC

NFC

HH

Largest increases

Cayman Islands

53.1

53.0

0.1

0.3

0.0

47.7

3.6

1.5

Singapore

150.9

38.9

112.0

7.3

67.5

12.5

28.8

34.8

Bermuda

8.1

6.1

2.0

0.2

0.2

3.9

1.8

2.0

West Indies UK

5.9

5.9

0.0

0.0

0.0

0.7

3.6

1.6

Panama

1.4

1.4

0.0

0.2

0.3

0.0

0.7

0.2

Largest decreases

Hong Kong

493.0

36.0

457.0

10.0

127.0

38.9

153.3

163.9

Jersey

28.1

22.1

6.0

1.9

0.3

13.9

6.3

5.6

Curacao

0.1

0.1

0.0

0.0

0.0

0.0

0.1

0.0

Macao

4.6

1.2

3.4

0.7

0.5

0.0

2.1

1.4

Bahamas

0.4

0.4

0.0

0.0

0.0

0.0

0.2

0.1

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 - Q4 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) - Q4 2021

of which by origin:

of which by sector:

 

 

Total

Cross-border

Local

DTC

Public sector

OFC

NFC

HH

Largest increases

Brazil

14.7

14.4

0.3

0.3

13.8

0.3

0.3

0.0

Israel

7.3

7.0

0.3

1.0

6.0

0.2

0.0

0.0

India

6.8

5.3

1.5

1.2

2.2

2.0

1.2

0.2

South Korea

4.0

1.5

2.5

5.3

-0.7

-0.3

-0.4

0.1

Czech Republic

4.0

1.6

2.4

-0.2

3.6

0.2

0.4

0.0

Largest decreases

Turkey

-1.5

-1.0

-0.5

-0.4

-0.8

0.0

-0.2

-0.1

Russia

-1.5

-1.5

0.0

0.3

-1.6

0.0

-0.1

0.0

Vietnam

-1.0

-0.8

-0.1

-0.9

-0.1

-0.1

0.0

0.1

Egypt

-0.7

-1.0

0.3

0.2

-0.7

0.0

-0.2

0.0

Mexico

-0.6

-0.1

-0.5

1.0

-0.2

-1.9

-0.2

0.6

Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - End-Q4 2021

of which by origin:

of which by sector:

 

 

Total

Cross-border

Local

DTC

Public sector

OFC

NFC

HH

Largest increases

Brazil

30.0

28.5

1.6

3.9

23.5

0.8

1.8

0.1

Israel

11.4

9.3

2.2

1.5

8.7

0.3

0.5

0.3

India

82.7

19.9

62.7

9.1

30.1

9.0

27.6

6.9

South Korea

102.0

26.4

75.6

18.5

26.2

4.9

19.0

33.4

Czech Republic

5.7

2.1

3.6

-0.1

4.8

0.2

0.7

0.0

Largest decreases

Turkey

10.9

7.2

3.7

5.4

1.3

0.2

3.6

0.4

Russia

1.6

1.3

0.3

0.8

0.2

0.0

0.5

0.2

Vietnam

8.6

3.2

5.4

0.9

1.4

0.1

4.8

1.3

Egypt

11.8

4.6

7.2

0.8

8.0

0.2

2.2

0.6

Mexico

31.8

2.6

29.2

2.5

8.3

1.3

10.9

8.9

Queries

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

Next release date: 17 June 2022

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