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 $78.9 billion during 2022 Q3, to a level of $4,032.1 billion.
- By sector, the largest decrease was on the public sector, down by $77.1 billion to a level of $1,254.4 billion.
- By region, the largest decrease in claims was on Developed Countries, down $50.9 billion to a level of $2,384.7 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q3 2022
US$ 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 |
2,362.5 |
812.0 |
26.5 |
76.9 |
163.1 |
538.7 |
4,039.3 |
||||||
Net Risk Transfers |
22.2 |
-41.4 |
-0.7 |
-1.8 |
-8.4 |
22.1 |
-7.2 |
||||||
Ultimate Risk |
2,384.7 |
770.6 |
25.8 |
75.1 |
154.7 |
560.8 |
4,032.1 |
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 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) – Q3 2022
|
|
Total |
|
of which by origin: |
|
of which by sector: |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
Cross-border |
|
Local |
|
DTC |
|
Public sector |
OFC |
|
NFC |
|
HH |
|
|
Largest increases |
Japan |
3.4 |
|
7.2 |
|
-3.8 |
|
-2.2 |
|
4.9 |
1.4 |
|
-0.6 |
|
-0.1 |
|
Spain |
1.6 |
|
1.7 |
|
-0.1 |
|
3.1 |
|
-0.7 |
-0.4 |
|
-0.4 |
|
0.0 |
|
|
New Zealand |
1.5 |
|
0.8 |
|
0.8 |
|
0.1 |
|
1.6 |
0.0 |
|
0.0 |
|
-0.1 |
|
|
Norway |
1.3 |
|
1.3 |
|
0.0 |
|
-0.2 |
|
0.3 |
1.1 |
|
0.1 |
|
0.0 |
|
|
Belgium |
1.2 |
|
1.4 |
|
-0.1 |
|
2.1 |
|
-1.0 |
-0.1 |
|
0.2 |
|
0.0 |
|
|
Largest decreases |
Switzerland |
-13.3 |
|
-12.1 |
|
-1.2 |
|
-1.8 |
|
-12.1 |
0.1 |
|
0.7 |
|
-0.2 |
|
Ireland |
-10.8 |
|
-1.8 |
|
-8.9 |
|
-0.2 |
|
-4.4 |
-3.8 |
|
0.6 |
|
-2.9 |
|
|
Canada |
-8.2 |
|
-4.3 |
|
-3.9 |
|
-3.9 |
|
-5.2 |
3.9 |
|
-1.8 |
|
-1.2 |
|
|
France |
-6.6 |
|
5.6 |
|
-12.2 |
|
7.7 |
|
-9.8 |
-3.0 |
|
0.5 |
|
-2.1 |
|
|
Germany |
-6.3 |
|
0.9 |
|
-7.2 |
|
8.6 |
|
-9.4 |
-4.0 |
|
-1.3 |
|
-0.2 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - End-Q3 2022
|
|
Total |
|
of which by origin: |
|
of which by sector: |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
Cross-border |
|
Local |
|
DTC |
|
Public sector |
OFC |
|
NFC |
|
HH |
|
|
Largest increases |
Japan |
210.9 |
|
91.0 |
|
119.9 |
|
49.5 |
|
70.2 |
81.2 |
|
9.6 |
|
0.3 |
|
Spain |
19.3 |
|
18.8 |
|
0.4 |
|
14.5 |
|
0.0 |
0.8 |
|
3.8 |
|
0.2 |
|
|
New Zealand |
7.2 |
|
2.6 |
|
4.5 |
|
0.8 |
|
3.6 |
0.1 |
|
1.6 |
|
1.1 |
|
|
Norway |
9.1 |
|
9.1 |
|
0.0 |
|
1.4 |
|
3.6 |
3.0 |
|
1.0 |
|
0.0 |
|
|
Belgium |
9.3 |
|
8.5 |
|
0.8 |
|
3.9 |
|
2.3 |
0.7 |
|
2.4 |
|
0.1 |
|
|
Largest decreases |
Switzerland |
29.0 |
|
17.8 |
|
11.1 |
|
7.3 |
|
6.6 |
2.2 |
|
8.1 |
|
4.7 |
|
Ireland |
55.5 |
|
33.6 |
|
22.0 |
|
1.3 |
|
4.9 |
19.9 |
|
15.6 |
|
13.7 |
|
|
Canada |
133.7 |
|
51.9 |
|
81.8 |
|
23.7 |
|
30.4 |
22.3 |
|
29.6 |
|
27.8 |
|
|
France |
363.1 |
|
169.1 |
|
194.0 |
|
150.2 |
|
155.6 |
20.5 |
|
14.8 |
|
22.0 |
|
|
Germany |
195.9 |
|
87.8 |
|
108.1 |
|
63.8 |
|
118.8 |
3.5 |
|
4.9 |
|
4.9 |
|
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 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) – Q3 2022
|
|
Total |
|
of which by origin: |
|
of which by sector: |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
Cross-border |
|
Local |
|
DTC |
|
Public sector |
OFC |
|
NFC |
|
HH |
|
|
Largest increases |
Mauritius |
0.9 |
|
1.1 |
|
-0.2 |
|
0.5 |
|
0.1 |
-0.4 |
|
0.7 |
|
0.0 |
|
Guernsey |
0.3 |
|
0.2 |
|
0.0 |
|
0.0 |
|
0.0 |
0.5 |
|
-0.2 |
|
0.0 |
|
|
Macao |
0.2 |
|
0.1 |
|
0.1 |
|
0.2 |
|
0.0 |
0.0 |
|
0.0 |
|
0.0 |
|
|
Panama |
0.1 |
|
0.1 |
|
0.0 |
|
0.2 |
|
0.1 |
0.0 |
|
-0.1 |
|
0.0 |
|
|
|
No other increases greater than $0.1 bn |
|||||||||||||||
Largest decreases |
Cayman Islands |
-13.3 |
|
-13.5 |
|
0.2 |
|
0.0 |
|
0.0 |
-12.5 |
|
-0.7 |
|
-0.2 |
|
Singapore |
-4.9 |
|
-3.0 |
|
-2.0 |
|
-1.4 |
|
-0.2 |
0.8 |
|
-2.9 |
|
-1.2 |
|
|
Jersey |
-2.4 |
|
-2.1 |
|
-0.3 |
|
0.0 |
|
0.0 |
-0.6 |
|
-1.3 |
|
-0.5 |
|
|
West Indies UK |
-0.9 |
|
-0.9 |
|
0.0 |
|
0.0 |
|
0.0 |
-0.1 |
|
-0.7 |
|
-0.1 |
|
|
Hong Kong |
-0.5 |
|
0.0 |
|
-0.5 |
|
-1.1 |
|
4.5 |
2.9 |
|
-6.6 |
|
-0.2 |
|
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - End-Q3 2022
|
|
Total |
|
of which by origin: |
|
of which by sector: |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
Cross-border |
|
Local |
|
DTC |
|
Public sector |
OFC |
|
NFC |
|
HH |
|
|
Largest increases |
Mauritius |
5.7 |
|
4.2 |
|
1.4 |
|
1.7 |
|
0.4 |
0.4 |
|
3.0 |
|
0.2 |
|
Guernsey |
12.2 |
|
7.8 |
|
4.5 |
|
0.2 |
|
0.1 |
6.1 |
|
3.3 |
|
2.5 |
|
|
Macao |
4.3 |
|
1.0 |
|
3.4 |
|
0.5 |
|
0.5 |
0.0 |
|
2.1 |
|
1.3 |
|
|
Panama |
1.5 |
|
1.5 |
|
0.0 |
|
0.4 |
|
0.2 |
0.0 |
|
0.7 |
|
0.2 |
|
|
|
No other increases greater than $0.1 bn |
|||||||||||||||
Largest decreases |
Cayman Islands |
28.8 |
|
28.5 |
|
0.3 |
|
0.4 |
|
0.0 |
24.2 |
|
3.1 |
|
1.1 |
|
Singapore |
145.0 |
|
34.0 |
|
111.0 |
|
8.1 |
|
65.0 |
12.5 |
|
25.2 |
|
34.1 |
|
|
Jersey |
28.5 |
|
23.4 |
|
5.0 |
|
1.1 |
|
0.2 |
16.9 |
|
5.3 |
|
4.9 |
|
|
West Indies UK |
3.9 |
|
3.8 |
|
0.1 |
|
0.0 |
|
0.0 |
0.5 |
|
2.0 |
|
1.4 |
|
|
Hong Kong |
519.6 |
|
41.4 |
|
478.2 |
|
12.1 |
|
148.6 |
47.6 |
|
145.9 |
|
165.4 |
|
Consolidated external claims: Developing Countries
Changes in consolidated external claims on an ultimate risk basis on Developing Countries, by counterpart sector and by debtor country – Q3 2022
US$ 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) – Q3 2022
|
|
Total |
|
of which by origin: |
|
of which by sector: |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
Cross-border |
|
Local |
|
DTC |
|
Public sector |
OFC |
|
NFC |
|
HH |
|
|
Largest increases |
Brazil |
17.6 |
|
17.5 |
|
0.1 |
|
0.8 |
|
16.5 |
0.2 |
|
0.2 |
|
0.0 |
|
Israel |
3.6 |
|
3.1 |
|
0.5 |
|
0.6 |
|
3.4 |
-0.2 |
|
-0.1 |
|
0.0 |
|
|
Czech Republic |
2.5 |
|
2.5 |
|
-0.1 |
|
0.0 |
|
2.5 |
0.0 |
|
0.0 |
|
0.0 |
|
|
Philippines |
1.1 |
|
1.0 |
|
0.1 |
|
0.7 |
|
0.0 |
0.2 |
|
0.2 |
|
0.0 |
|
|
Mexico |
0.8 |
|
-0.3 |
|
1.1 |
|
-1.5 |
|
2.2 |
-0.6 |
|
0.3 |
|
0.4 |
|
|
Largest decreases |
South Korea |
-7.3 |
|
-1.2 |
|
-6.1 |
|
0.8 |
|
-3.4 |
-0.5 |
|
-0.8 |
|
-3.4 |
|
China |
-5.7 |
|
0.2 |
|
-5.9 |
|
1.0 |
|
-0.3 |
-0.2 |
|
-4.8 |
|
-1.4 |
|
|
United Arab Emirates |
-3.4 |
|
-1.4 |
|
-2.1 |
|
0.1 |
|
-2.3 |
0.2 |
|
-1.3 |
|
-0.2 |
|
|
Taiwan |
-2.4 |
|
-0.8 |
|
-1.6 |
|
2.4 |
|
-1.3 |
-0.6 |
|
-2.2 |
|
-0.7 |
|
|
Thailand |
-1.5 |
|
-0.3 |
|
-1.1 |
|
-0.6 |
|
-0.7 |
0.0 |
|
-0.2 |
|
0.1 |
|
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - End-Q3 2022
|
|
Total |
|
of which by origin: |
|
of which by sector: |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
Cross-border |
|
Local |
|
DTC |
|
Public sector |
OFC |
|
NFC |
|
HH |
|
|
Largest increases |
Brazil |
28.2 |
|
26.6 |
|
1.6 |
|
4.8 |
|
19.6 |
1.2 |
|
2.5 |
|
0.1 |
|
Israel |
9.8 |
|
7.7 |
|
2.1 |
|
1.5 |
|
7.4 |
0.1 |
|
0.4 |
|
0.3 |
|
|
Czech Republic |
12.3 |
|
10.8 |
|
1.5 |
|
0.1 |
|
11.8 |
0.0 |
|
0.4 |
|
0.0 |
|
|
Philippines |
6.7 |
|
4.0 |
|
2.8 |
|
2.8 |
|
1.3 |
0.3 |
|
1.7 |
|
0.7 |
|
|
Mexico |
34.8 |
|
2.8 |
|
32.0 |
|
0.9 |
|
11.0 |
1.4 |
|
11.2 |
|
10.3 |
|
|
Largest decreases |
South Korea |
89.0 |
|
23.8 |
|
65.1 |
|
15.2 |
|
25.5 |
5.0 |
|
16.6 |
|
26.7 |
|
China |
233.1 |
|
111.3 |
|
121.8 |
|
42.0 |
|
68.2 |
23.1 |
|
80.9 |
|
18.9 |
|
|
United Arab Emirates |
50.3 |
|
17.6 |
|
32.7 |
|
11.3 |
|
10.6 |
1.3 |
|
18.7 |
|
8.5 |
|
|
Taiwan |
55.7 |
|
19.5 |
|
36.2 |
|
13.1 |
|
15.3 |
4.6 |
|
8.9 |
|
13.8 |
|
|
Thailand |
10.8 |
|
2.5 |
|
8.3 |
|
3.4 |
|
2.9 |
0.5 |
|
3.6 |
|
0.4 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk.
Next release date: 17 March 2023