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 $69.2 billion during 2022 Q4, to a level of $4,099.3 billion.
- By sector, the largest increase was on the public sector, up by $74.9 billion to a level of $1,329.0 billion.
- By region, the largest increase in claims was on Developed Countries, up $55.8 billion to a level of $2,438.5 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q4 2022
US$ 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 |
2,415.0 |
815.9 |
22.4 |
79.7 |
163.5 |
550.7 |
4,110.1 |
|
|
Net Risk Transfers |
23.4 |
-40.1 |
-0.5 |
-0.5 |
-13.4 |
19.6 |
-10.8 |
|
|
Ultimate Risk |
2,438.5 |
775.8 |
21.9 |
79.2 |
150.1 |
570.2 |
4,099.3 |
|
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 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) - Q4 2022
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
France |
30.5 |
26.1 |
4.5 |
25.6 |
2.7 |
-3.9 |
3.6 |
2.5 |
|
Germany |
19.1 |
3.6 |
15.5 |
0.5 |
14.9 |
2.0 |
1.4 |
0.4 |
|
|
Japan |
6.5 |
4.8 |
1.7 |
-1.1 |
0.5 |
-0.3 |
7.4 |
0.0 |
|
|
Luxembourg |
5.5 |
0.1 |
5.4 |
-0.4 |
5.6 |
0.5 |
-0.2 |
0.0 |
|
|
Canada |
5.2 |
6.1 |
-0.9 |
2.2 |
5.0 |
-2.1 |
0.4 |
-0.3 |
|
|
Largest decreases |
Ireland |
-6.1 |
-0.8 |
-5.4 |
0.0 |
-0.2 |
1.0 |
-2.2 |
-4.7 |
|
United States |
-3.6 |
29.8 |
-33.4 |
-7.1 |
43.7 |
-59.8 |
17.6 |
1.9 |
|
|
Australia |
-2.2 |
-4.7 |
2.6 |
-3.9 |
0.5 |
-0.6 |
1.3 |
0.7 |
|
|
Italy |
-2.0 |
-2.4 |
0.3 |
-1.0 |
-1.3 |
-0.2 |
0.2 |
0.3 |
|
|
Belgium |
-1.2 |
-1.4 |
0.2 |
-0.8 |
-0.6 |
0.1 |
0.0 |
0.0 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries
(US$ billions) - End-Q4 2022
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
France |
392.5 |
194.0 |
198.5 |
174.7 |
158.3 |
16.6 |
18.4 |
24.5 |
|
Germany |
214.7 |
91.4 |
123.3 |
64.3 |
133.3 |
5.5 |
6.2 |
5.3 |
|
|
Japan |
217.4 |
95.8 |
121.5 |
48.3 |
70.8 |
81.0 |
17.0 |
0.4 |
|
|
Luxembourg |
51.2 |
35.4 |
15.8 |
6.4 |
11.0 |
22.2 |
10.2 |
1.4 |
|
|
Canada |
138.9 |
58.1 |
80.8 |
25.8 |
35.4 |
20.2 |
30.0 |
27.5 |
|
|
Largest decreases |
Ireland |
49.4 |
32.8 |
16.6 |
1.3 |
4.8 |
20.9 |
13.4 |
9.0 |
|
United States |
1,122.9 |
627.7 |
495.2 |
44.3 |
324.0 |
574.7 |
132.4 |
47.5 |
|
|
Australia |
76.7 |
29.7 |
47.0 |
12.8 |
12.5 |
14.3 |
16.2 |
20.8 |
|
|
Italy |
14.1 |
8.3 |
5.8 |
2.7 |
1.3 |
2.4 |
2.1 |
5.6 |
|
|
Belgium |
8.0 |
7.1 |
0.9 |
3.1 |
1.7 |
0.7 |
2.5 |
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 – Q4 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) – Q4 2022
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
Singapore |
8.7 |
1.5 |
7.3 |
0.9 |
8.2 |
-0.1 |
-1.9 |
1.7 |
|
Jersey |
1.8 |
1.8 |
0.0 |
0.4 |
0.0 |
0.3 |
1.0 |
0.1 |
|
|
Bermuda |
0.8 |
0.7 |
0.1 |
0.0 |
0.1 |
0.5 |
0.2 |
0.0 |
|
|
Macao |
0.5 |
0.7 |
-0.2 |
0.9 |
-0.1 |
0.0 |
-0.3 |
0.0 |
|
|
Isle of Man |
0.4 |
0.4 |
0.0 |
0.0 |
-0.1 |
0.1 |
0.3 |
0.1 |
|
|
Largest decreases |
Hong Kong |
-6.3 |
0.1 |
-6.4 |
-2.4 |
-5.1 |
5.1 |
-5.6 |
1.6 |
|
Cayman Islands |
-0.6 |
-0.5 |
-0.1 |
0.0 |
0.0 |
-0.2 |
-0.2 |
-0.2 |
|
|
Mauritius |
-0.4 |
-0.2 |
-0.2 |
-0.1 |
0.0 |
-0.1 |
-0.2 |
0.0 |
|
|
Guernsey |
-0.1 |
0.4 |
-0.4 |
0.0 |
0.0 |
0.1 |
-0.2 |
0.0 |
|
|
No other decreases greater than $0.1 bn |
|||||||||
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres
(US$ billions) - End-Q4 2022
|
|
|
|
of which by origin: |
of which by sector: |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
|
Largest increases |
Singapore |
153.7 |
35.5 |
118.3 |
9.0 |
73.2 |
12.3 |
23.3 |
35.8 |
|
|
Jersey |
30.3 |
25.2 |
5.1 |
1.5 |
0.2 |
17.2 |
6.3 |
5.1 |
||
|
Bermuda |
9.1 |
6.2 |
2.9 |
0.3 |
1.0 |
4.4 |
1.6 |
1.8 |
||
|
Macao |
4.8 |
1.7 |
3.2 |
1.4 |
0.4 |
0.0 |
1.8 |
1.3 |
||
|
Isle of Man |
4.2 |
2.7 |
1.5 |
0.1 |
0.3 |
0.2 |
1.7 |
1.9 |
||
|
Largest decreases |
Hong Kong |
513.3 |
41.6 |
471.7 |
9.7 |
143.6 |
52.7 |
140.3 |
167.0 |
|
|
Cayman Islands |
28.2 |
28.0 |
0.2 |
0.4 |
0.0 |
24.0 |
2.9 |
0.9 |
||
|
Mauritius |
5.3 |
4.1 |
1.2 |
1.6 |
0.3 |
0.3 |
2.8 |
0.2 |
||
|
Guernsey |
12.1 |
8.1 |
4.0 |
0.2 |
0.0 |
6.3 |
3.1 |
2.5 |
||
|
No other decreases greater than $0.1 bn |
||||||||||
Consolidated external claims: Developing Countries
Changes in consolidated external claims on an ultimate risk basis on Developing Countries, by counterpart sector and by debtor country – Q4 2022
US$ 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) – Q4 2022
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
South Korea |
11.9 |
2.7 |
9.2 |
0.2 |
5.1 |
1.8 |
2.5 |
2.2 |
|
China |
5.1 |
-1.0 |
6.1 |
6.8 |
-3.1 |
4.6 |
-3.2 |
-0.1 |
|
|
Brazil |
3.1 |
3.3 |
-0.2 |
0.1 |
3.6 |
0.1 |
-0.7 |
0.0 |
|
|
United Arab Emirates |
2.6 |
3.8 |
-1.2 |
-0.2 |
0.5 |
4.0 |
-1.7 |
0.0 |
|
|
Qatar |
1.7 |
1.7 |
0.0 |
0.0 |
1.6 |
-0.1 |
0.1 |
0.1 |
|
|
Largest decreases |
Czech Republic |
-5.4 |
-6.4 |
1.1 |
-0.1 |
-5.4 |
0.0 |
0.1 |
0.0 |
|
Taiwan |
-4.4 |
-3.1 |
-1.3 |
-3.9 |
-0.2 |
-0.9 |
0.1 |
0.6 |
|
|
Israel |
-4.0 |
-3.3 |
-0.8 |
-0.2 |
-3.8 |
0.0 |
0.0 |
0.0 |
|
|
Indonesia |
-1.4 |
-1.2 |
-0.2 |
0.1 |
-0.5 |
-0.1 |
-0.9 |
0.0 |
|
|
Kuwait |
-1.4 |
-1.1 |
-0.3 |
-0.2 |
-0.4 |
-0.8 |
0.0 |
0.0 |
|
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries
(US$ billions) - End-Q4 2022
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
South Korea |
100.9 |
26.5 |
74.4 |
15.4 |
30.6 |
6.7 |
19.2 |
28.9 |
|
China |
238.2 |
110.3 |
127.9 |
48.8 |
65.1 |
27.8 |
77.7 |
18.8 |
|
|
Brazil |
31.3 |
29.9 |
1.4 |
4.9 |
23.3 |
1.3 |
1.7 |
0.1 |
|
|
United Arab Emirates |
52.9 |
21.3 |
31.6 |
11.1 |
11.1 |
5.2 |
17.0 |
8.5 |
|
|
Qatar |
25.6 |
19.7 |
5.9 |
12.4 |
6.4 |
1.7 |
4.3 |
0.9 |
|
|
Largest decreases |
Czech Republic |
7.0 |
4.4 |
2.6 |
0.0 |
6.4 |
0.0 |
0.5 |
0.0 |
|
Taiwan |
51.3 |
16.4 |
34.8 |
9.2 |
15.1 |
3.7 |
9.0 |
14.4 |
|
|
Israel |
5.8 |
4.5 |
1.3 |
1.4 |
3.7 |
0.1 |
0.4 |
0.3 |
|
|
Indonesia |
14.8 |
3.5 |
11.3 |
2.4 |
5.7 |
0.4 |
4.8 |
1.4 |
|
|
Kuwait |
3.1 |
2.0 |
1.1 |
1.8 |
0.6 |
0.0 |
0.5 |
0.2 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 16 June 2023
