Consolidated worldwide claims - 2022 Q1

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 June 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 $50.1 billion during 2022 Q1, to a level of $4,243.0 billion.
  • By sector, the largest increase was on the other financial corporations sector, up by $55.3 billion to a level of $1,031.7 billion.
  • By region, the largest increase in claims was on Developed Countries, up $46.7 billion to a level of $2,534.5 billion.

Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q1 2022

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

2,509.5

828.5

25.2

70.1

167.9

577.4

4,246.4

Net Risk Transfers

25.0

-37.5

-0.6

-0.9

-8.8

18.6

-3.4

Ultimate Risk

2,534.5

791.0

24.6

69.2

159.1

596.0

4,243.0

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 – Q1 2022

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) – Q1 2022

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

France

49.6

 

31.9

 

17.7

 

28.5

 

20.3

7.8

 

-6.6

 

-0.4

 

United States

20.2

 

-12.9

 

33.1

 

5.1

 

2.8

53.6

 

-40.5

 

-0.7

 

Germany

8.9

 

1.2

 

7.7

 

9.8

 

7.4

-2.5

 

-5.8

 

0.0

 

Australia

5.6

 

1.0

 

4.6

 

0.1

 

1.2

0.8

 

1.2

 

2.3

 

Luxembourg

4.9

 

4.9

 

0.0

 

1.0

 

-0.8

3.0

 

1.8

 

-0.2

 

Largest decreases

Switzerland

-24.2

 

-6.4

 

-17.7

 

-0.6

 

-17.5

-1.4

 

-4.6

 

-0.1

 

Japan

-21.8

 

-10.0

 

-11.8

 

-5.1

 

-8.3

0.0

 

-8.3

 

-0.1

 

Netherlands

-1.9

 

-1.0

 

-0.9

 

0.9

 

-1.8

-0.8

 

-1.0

 

0.8

 

Norway

-1.4

 

-1.4

 

0.0

 

-1.2

 

0.4

0.1

 

-0.7

 

0.0

 

Sweden

-1.4

 

-1.2

 

-0.1

 

0.5

 

-1.0

0.1

 

-1.0

 

0.0

 

Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - End-Q1 2022

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

France

388.3

 

196.2

 

192.2

 

156.1

 

148.4

37.2

 

21.5

 

25.2

 

United States

1,177.4

 

647.7

 

529.7

 

54.8

 

334.3

633.4

 

114.4

 

40.4

 

Germany

212.8

 

91.7

 

121.1

 

58.1

 

129.6

10.4

 

9.5

 

5.2

 

Australia

81.4

 

33.6

 

47.7

 

15.2

 

17.5

10.4

 

15.7

 

22.7

 

Luxembourg

45.1

 

30.4

 

14.7

 

3.7

 

10.1

19.8

 

10.0

 

1.6

 

Largest decreases

Switzerland

55.0

 

21.5

 

33.5

 

6.5

 

37.1

1.8

 

4.4

 

5.2

 

Japan

196.2

 

81.1

 

115.1

 

60.9

 

60.2

66.6

 

8.1

 

0.4

 

Netherlands

57.2

 

37.8

 

19.5

 

15.3

 

5.3

16.3

 

13.7

 

6.7

 

Norway

6.9

 

6.9

 

0.0

 

0.6

 

3.4

2.0

 

0.9

 

0.0

 

Sweden

11.1

 

11.0

 

0.1

 

2.5

 

2.1

5.1

 

1.4

 

0.1

 

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 – Q1 2022

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) – Q1 2022

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

Hong Kong

21.6

 

3.8

 

17.8

 

2.9

 

15.4

1.7

 

0.1

 

1.4

 

Singapore

1.4

 

2.8

 

-1.4

 

2.7

 

-1.7

-1.2

 

0.8

 

0.8

 

Jersey

1.1

 

1.5

 

-0.3

 

0.2

 

0.0

0.4

 

0.5

 

0.1

 

Bermuda

0.8

 

0.1

 

0.6

 

0.1

 

0.6

0.5

 

-0.3

 

0.0

 

Mauritius

0.1

 

0.0

 

0.1

 

0.1

 

-0.1

-0.1

 

0.2

 

0.0

 

Largest decreases

Cayman Islands

-7.7

 

-7.8

 

0.2

 

0.0

 

0.0

-7.8

 

0.2

 

-0.1

 

West Indies UK

-1.0

 

-1.1

 

0.1

 

0.0

 

0.0

-0.1

 

-0.8

 

-0.1

 

Macao

-0.4

 

-0.4

 

0.0

 

-0.4

 

-0.1

0.0

 

0.1

 

0.0

 

Guernsey

-0.3

 

-0.1

 

-0.2

 

0.0

 

-0.1

0.5

 

-0.6

 

-0.1

 

Panama

-0.3

 

-0.3

 

0.0

 

0.0

 

-0.2

0.0

 

-0.1

 

0.0

 

Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - End-Q1 2022

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

Hong Kong

514.6

 

39.8

 

474.8

 

12.9

 

142.4

40.6

 

153.4

 

165.3

 

Singapore

152.3

 

41.7

 

110.6

 

10.0

 

65.8

11.3

 

29.6

 

35.6

 

Jersey

29.2

 

23.6

 

5.6

 

2.1

 

0.3

14.3

 

6.7

 

5.7

 

Bermuda

8.8

 

6.3

 

2.6

 

0.3

 

0.8

4.4

 

1.5

 

1.9

 

Mauritius

3.4

 

2.1

 

1.3

 

0.6

 

0.3

0.6

 

1.7

 

0.1

 

Largest decreases

Cayman Islands

45.5

 

45.1

 

0.3

 

0.4

 

0.0

39.9

 

3.8

 

1.4

 

West Indies UK

5.0

 

4.8

 

0.1

 

0.0

 

0.0

0.6

 

2.8

 

1.5

 

Macao

4.3

 

0.8

 

3.4

 

0.3

 

0.5

0.0

 

2.2

 

1.3

 

Guernsey

13.1

 

8.4

 

4.7

 

0.3

 

0.1

6.1

 

4.1

 

2.6

 

Panama

1.2

 

1.2

 

0.0

 

0.2

 

0.1

0.0

 

0.6

 

0.2

 

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 – Q1 2022

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) – Q1 2022

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

Czech Republic

2.6

 

4.9

 

-2.3

 

0.1

 

3.0

-0.2

 

-0.2

 

0.0

 

Mexico

2.4

 

0.4

 

2.1

 

-0.2

 

1.5

0.6

 

-0.1

 

0.6

 

United Arab Emirates

2.1

 

1.9

 

0.3

 

1.9

 

-0.1

0.8

 

-0.2

 

-0.2

 

South Africa

1.7

 

0.7

 

1.0

 

0.6

 

0.2

0.7

 

0.2

 

0.0

 

Chile

0.9

 

0.3

 

0.5

 

0.1

 

0.5

0.1

 

0.1

 

0.0

 

Largest decreases

China

-7.6

 

-10.4

 

2.8

 

-1.4

 

-5.3

-1.1

 

0.4

 

-0.3

 

Brazil

-6.2

 

-6.6

 

0.5

 

-0.3

 

-7.3

0.5

 

1.0

 

0.0

 

India

-5.7

 

-4.3

 

-1.4

 

-1.4

 

-4.0

0.4

 

-0.9

 

0.1

 

Israel

-3.5

 

-3.3

 

-0.3

 

0.9

 

-4.3

-0.1

 

0.0

 

0.0

 

Egypt

-1.6

 

-1.0

 

-0.6

 

-0.2

 

-1.3

-0.1

 

0.0

 

0.0

 

Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - End-Q1 2022

 

 

 

 

of which by origin:

 

of which by sector:

 

 

Total

 

Cross-border

 

Local

 

DTC

 

Public sector

OFC

 

NFC

 

HH

 

Largest increases

Czech Republic

8.3

 

7.0

 

1.3

 

0.0

 

7.7

0.0

 

0.5

 

0.0

 

Mexico

34.2

 

2.9

 

31.3

 

2.3

 

9.7

1.9

 

10.8

 

9.5

 

United Arab Emirates

55.5

 

20.2

 

35.3

 

12.0

 

14.8

1.8

 

18.2

 

8.6

 

South Africa

11.4

 

4.4

 

6.9

 

3.2

 

3.2

2.5

 

2.1

 

0.3

 

Chile

2.6

 

1.4

 

1.2

 

0.8

 

1.1

0.2

 

0.5

 

0.0

 

Largest decreases

China

247.2

 

109.5

 

137.7

 

43.5

 

73.4

23.5

 

85.2

 

21.6

 

Brazil

23.9

 

21.8

 

2.0

 

3.6

 

16.2

1.2

 

2.7

 

0.1

 

India

76.9

 

15.6

 

61.3

 

7.7

 

26.1

9.4

 

26.7

 

7.1

 

Israel

7.9

 

6.0

 

1.9

 

2.4

 

4.4

0.2

 

0.6

 

0.3

 

Egypt

10.2

 

3.6

 

6.5

 

0.6

 

6.7

0.1

 

2.2

 

0.5

 

Queries

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

Next release date: 16 September 2022

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