Key points
- UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported a decrease in consolidated external claims on an ultimate risk basis of $132.0 billion during 2022 Q2, to a level of $4,111.0 billion.
- By sector, the largest decrease was on the public sector, down by $43.5 billion to a level of $1,331.5 billion.
- By region, the largest decrease in claims was on Developed Countries, down $98.9 billion to a level of $2,435.6 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions -End-Q2 2022
US$ 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 | 2,411.0 | 830.1 | 26.2 | 57.8 | 165.3 | 558.7 | 4,115.4 | ||||||
Net Risk Transfers | 24.5 | -37.7 | -0.8 | -1.5 | -8.3 | 18.8 | -4.3 | ||||||
Ultimate Risk | 2,435.6 | 792.4 | 25.4 | 56.3 | 157.0 | 577.5 | 4,111.0 | ||||||
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 – Q2 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) – Q2 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Japan | 11.3 |
| 2.8 |
| 8.6 |
| -9.2 |
| 5.1 | 13.2 |
| 2.1 |
| 0.0 |
|
Luxembourg | 5.2 |
| 2.5 |
| 2.7 |
| 1.5 |
| 2.7 | 1.1 |
| 0.1 |
| -0.1 |
| |
Italy | 1.6 |
| 1.8 |
| -0.2 |
| 0.1 |
| 2.5 | 0.3 |
| -0.8 |
| -0.5 |
| |
Norway | 0.9 |
| 0.9 |
| 0.0 |
| 1.0 |
| 0.0 | -0.1 |
| 0.1 |
| 0.0 |
| |
Austria | 0.6 |
| 0.6 |
| 0.0 |
| 0.9 |
| -0.1 | -0.4 |
| 0.2 |
| 0.0 |
| |
Largest decreases | United States | -47.2 |
| -40.2 |
| -7.1 |
| 2.2 |
| -16.9 | -35.4 |
| -2.0 |
| 4.9 |
|
France | -18.7 |
| -32.7 |
| 14.0 |
| -13.6 |
| 17.1 | -13.7 |
| -7.3 |
| -1.1 |
| |
Netherlands | -12.8 |
| -12.9 |
| 0.1 |
| -2.0 |
| -0.3 | -7.3 |
| -3.9 |
| 0.8 |
| |
Switzerland | -12.7 |
| 8.4 |
| -21.2 |
| 2.7 |
| -18.3 | 0.4 |
| 3.0 |
| -0.4 |
| |
Germany | -10.6 |
| -4.8 |
| -5.8 |
| -3.2 |
| -1.2 | -2.9 |
| -3.3 |
| 0.0 |
| |
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - End-Q2 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Japan | 207.5 |
| 83.8 |
| 123.7 |
| 51.7 |
| 65.4 | 79.9 |
| 10.2 |
| 0.4 |
|
Luxembourg | 50.4 |
| 32.9 |
| 17.5 |
| 5.2 |
| 12.8 | 20.8 |
| 10.1 |
| 1.5 |
| |
Italy | 18.8 |
| 12.4 |
| 6.4 |
| 3.8 |
| 4.7 | 2.6 |
| 1.8 |
| 5.9 |
| |
Norway | 7.8 |
| 7.8 |
| 0.0 |
| 1.6 |
| 3.3 | 1.9 |
| 1.0 |
| 0.0 |
| |
Austria | 7.5 |
| 7.5 |
| 0.0 |
| 2.8 |
| 3.7 | 0.1 |
| 0.7 |
| 0.1 |
| |
Largest decreases | United States | 1,130.2 |
| 607.5 |
| 522.6 |
| 57.0 |
| 317.5 | 598.0 |
| 112.4 |
| 45.3 |
|
France | 369.7 |
| 163.5 |
| 206.2 |
| 142.4 |
| 165.5 | 23.5 |
| 14.2 |
| 24.1 |
| |
Netherlands | 44.5 |
| 24.9 |
| 19.6 |
| 13.3 |
| 4.9 | 9.0 |
| 9.8 |
| 7.4 |
| |
Switzerland | 42.3 |
| 29.9 |
| 12.3 |
| 9.1 |
| 18.8 | 2.2 |
| 7.4 |
| 4.8 |
| |
Germany | 202.2 |
| 86.9 |
| 115.3 |
| 55.2 |
| 128.2 | 7.5 |
| 6.1 |
| 5.2 |
| |
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 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) – Q2 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Hong Kong | 5.6 |
| 1.6 |
| 3.9 |
| 0.3 |
| 1.7 | 4.2 |
| -0.9 |
| 0.2 |
|
Jersey | 1.7 |
| 1.9 |
| -0.3 |
| -1.1 |
| 0.0 | 3.1 |
| -0.1 |
| -0.2 |
| |
Mauritius | 1.4 |
| 1.1 |
| 0.3 |
| 0.6 |
| 0.0 | 0.2 |
| 0.6 |
| 0.0 |
| |
Panama | 0.2 |
| 0.2 |
| 0.0 |
| 0.0 |
| 0.1 | 0.0 |
| 0.1 |
| 0.0 |
| |
Gibraltar | 0.1 |
| 0.1 |
| 0.1 |
| 0.0 |
| 0.2 | 0.0 |
| 0.0 |
| 0.0 |
| |
Largest decreases | Cayman Islands | -3.3 |
| -3.1 |
| -0.2 |
| 0.1 |
| 0.0 | -3.2 |
| -0.1 |
| -0.1 |
|
Singapore | -2.4 |
| -4.7 |
| 2.4 |
| -0.5 |
| 0.7 | -0.8 |
| -1.4 |
| -0.3 |
| |
Guernsey | -1.1 |
| -0.8 |
| -0.3 |
| -0.1 |
| 0.0 | -0.5 |
| -0.6 |
| 0.0 |
| |
Isle of Man | -0.4 |
| -0.4 |
| -0.1 |
| 0.0 |
| 0.0 | 0.0 |
| -0.2 |
| -0.2 |
| |
Bermuda | -0.2 |
| -0.4 |
| 0.1 |
| 0.0 |
| 0.0 | -0.2 |
| 0.0 |
| 0.0 |
| |
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - End-Q2 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Hong Kong | 520.1 |
| 41.4 |
| 478.7 |
| 13.2 |
| 144.1 | 44.7 |
| 152.5 |
| 165.5 |
|
Jersey | 30.9 |
| 25.5 |
| 5.4 |
| 1.1 |
| 0.3 | 17.4 |
| 6.6 |
| 5.5 |
| |
Mauritius | 4.8 |
| 3.2 |
| 1.6 |
| 1.2 |
| 0.3 | 0.8 |
| 2.3 |
| 0.2 |
| |
Panama | 1.4 |
| 1.4 |
| 0.0 |
| 0.2 |
| 0.2 | 0.0 |
| 0.8 |
| 0.2 |
| |
Gibraltar | 1.3 |
| 0.5 |
| 0.8 |
| 0.0 |
| 0.6 | 0.0 |
| 0.3 |
| 0.4 |
| |
Largest decreases | Cayman Islands | 42.1 |
| 42.0 |
| 0.1 |
| 0.4 |
| 0.0 | 36.7 |
| 3.8 |
| 1.3 |
|
Singapore | 149.9 |
| 37.0 |
| 113.0 |
| 9.5 |
| 65.3 | 11.7 |
| 28.2 |
| 35.3 |
| |
Guernsey | 11.9 |
| 7.5 |
| 4.4 |
| 0.2 |
| 0.0 | 5.6 |
| 3.5 |
| 2.6 |
| |
Isle of Man | 4.3 |
| 2.7 |
| 1.5 |
| 0.1 |
| 0.3 | 0.2 |
| 1.7 |
| 2.0 |
| |
Bermuda | 8.6 |
| 5.9 |
| 2.7 |
| 0.3 |
| 0.8 | 4.1 |
| 1.5 |
| 1.9 |
| |
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 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) – Q2 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | India | 3.1 |
| -0.9 |
| 4.0 |
| 0.1 |
| 0.4 | 2.2 |
| 0.4 |
| 0.0 |
|
Saudi Arabia | 2.8 |
| 2.8 |
| 0.1 |
| 1.7 |
| 0.2 | 0.5 |
| 0.4 |
| 0.0 |
| |
Czech Republic | 1.6 |
| 1.3 |
| 0.3 |
| 0.0 |
| 1.6 | 0.0 |
| -0.1 |
| 0.0 |
| |
Qatar | 0.8 |
| 0.6 |
| 0.2 |
| 0.5 |
| 0.1 | 0.0 |
| 0.2 |
| 0.1 |
| |
Kuwait | 0.8 |
| 0.9 |
| -0.2 |
| 0.1 |
| -0.1 | 0.7 |
| 0.0 |
| 0.0 |
| |
Largest decreases | Brazil | -13.3 |
| -12.8 |
| -0.5 |
| 0.4 |
| -13.0 | -0.2 |
| -0.4 |
| 0.0 |
|
China | -8.4 |
| 1.5 |
| -9.9 |
| -2.6 |
| -4.9 | -0.2 |
| 0.6 |
| -1.3 |
| |
South Korea | -5.2 |
| -1.0 |
| -4.2 |
| -0.2 |
| -1.7 | 0.4 |
| -1.4 |
| -2.4 |
| |
Taiwan | -3.6 |
| -0.6 |
| -3.0 |
| 1.0 |
| -3.5 | 0.3 |
| -1.1 |
| -0.3 |
| |
South Africa | -2.3 |
| -1.2 |
| -1.0 |
| 0.2 |
| -0.7 | -1.3 |
| -0.4 |
| 0.0 |
| |
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - End-Q2 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | India | 80.1 |
| 14.7 |
| 65.3 |
| 7.8 |
| 26.5 | 11.6 |
| 27.1 |
| 7.1 |
|
Saudi Arabia | 21.1 |
| 21.0 |
| 0.2 |
| 7.1 |
| 5.2 | 4.7 |
| 3.1 |
| 1.1 |
| |
Czech Republic | 9.9 |
| 8.3 |
| 1.6 |
| 0.0 |
| 9.3 | 0.1 |
| 0.4 |
| 0.0 |
| |
Qatar | 24.5 |
| 18.5 |
| 6.0 |
| 12.1 |
| 4.9 | 1.7 |
| 4.7 |
| 1.1 |
| |
Kuwait | 4.4 |
| 3.2 |
| 1.3 |
| 1.9 |
| 0.8 | 1.0 |
| 0.5 |
| 0.2 |
| |
Largest decreases | Brazil | 10.6 |
| 9.1 |
| 1.5 |
| 4.0 |
| 3.2 | 1.0 |
| 2.3 |
| 0.1 |
|
China | 238.8 |
| 111.1 |
| 127.7 |
| 41.0 |
| 68.5 | 23.4 |
| 85.7 |
| 20.3 |
| |
South Korea | 96.3 |
| 25.1 |
| 71.3 |
| 14.4 |
| 28.9 | 5.5 |
| 17.4 |
| 30.1 |
| |
Taiwan | 58.1 |
| 20.4 |
| 37.7 |
| 10.6 |
| 16.6 | 5.2 |
| 11.2 |
| 14.5 |
| |
South Africa | 9.1 |
| 3.2 |
| 5.9 |
| 3.4 |
| 2.5 | 1.1 |
| 1.7 |
| 0.3 |
| |
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 16 December 2022
