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 $137.8 billion during 2023 Q2, to a level of $4,399.2 billion.
- By sector, the largest increases in claims were on the public sector, up by $52.4 billion to a level of $1,438.6 billion, and the non-financial corporations sector, up by $45.5 billion to a level of $725.6 billion.
- By region, the largest increase in claims was on Developed Countries, up $149.7 billion to a level of $2,712.3 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q2 2023
US$ 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 |
2,697.9 |
825.1 |
21.7 |
87.4 |
164.1 |
554.0 |
4,413.6 |
|
|
Net Risk Transfers |
14.3 |
-42.4 |
-0.3 |
-1.4 |
-9.0 |
23.2 |
-14.4 |
|
|
Ultimate Risk |
2,712.3 |
782.7 |
21.4 |
86.0 |
155.1 |
577.2 |
4,399.2 |
|
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 2023
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 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
United States |
93.0 |
29.6 |
63.3 |
-4.9 |
40.3 |
21.9 |
33.6 |
2.1 |
|
Japan |
14.3 |
17.9 |
-3.6 |
-0.4 |
14.1 |
-9.0 |
9.7 |
0.0 |
|
|
Switzerland |
9.5 |
4.1 |
5.3 |
0.6 |
3.8 |
0.8 |
3.9 |
0.4 |
|
|
Italy |
8.9 |
8.9 |
0.0 |
5.2 |
2.8 |
0.3 |
0.6 |
-0.2 |
|
|
Netherlands |
7.2 |
2.0 |
5.2 |
0.8 |
3.5 |
0.7 |
1.4 |
0.8 |
|
|
Largest decreases |
Germany |
-2.3 |
-2.5 |
0.2 |
-4.5 |
-2.7 |
4.5 |
0.3 |
0.1 |
|
Norway |
-1.5 |
-1.5 |
0.0 |
-1.1 |
-0.1 |
-0.1 |
-0.1 |
0.0 |
|
|
Ireland |
-1.4 |
0.3 |
-1.7 |
0.3 |
0.2 |
-0.6 |
0.0 |
-1.3 |
|
|
Austria |
-1.1 |
-1.1 |
0.0 |
0.0 |
-1.1 |
0.0 |
0.0 |
0.0 |
|
|
New Zealand |
-0.6 |
-0.4 |
-0.2 |
0.0 |
-0.6 |
0.0 |
0.0 |
-0.1 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - End-Q2 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
United States |
1,314.4 |
704.3 |
610.1 |
49.2 |
411.9 |
653.8 |
150.4 |
49.2 |
|
Japan |
224.9 |
91.9 |
133.0 |
42.8 |
80.2 |
84.6 |
17.0 |
0.3 |
|
|
Switzerland |
43.5 |
30.1 |
13.4 |
7.5 |
18.8 |
2.2 |
9.8 |
5.2 |
|
|
Italy |
22.0 |
16.5 |
5.5 |
9.2 |
1.8 |
2.9 |
2.8 |
5.3 |
|
|
Netherlands |
57.9 |
30.4 |
27.5 |
15.8 |
8.7 |
9.3 |
13.9 |
10.2 |
|
|
Largest decreases |
Germany |
224.1 |
96.3 |
127.7 |
68.2 |
130.1 |
10.9 |
9.5 |
5.4 |
|
Norway |
6.4 |
6.4 |
0.0 |
1.5 |
2.6 |
1.2 |
1.0 |
0.0 |
|
|
Ireland |
44.0 |
32.9 |
11.1 |
1.6 |
2.0 |
20.0 |
12.7 |
7.6 |
|
|
Austria |
5.6 |
5.6 |
0.0 |
2.9 |
1.9 |
0.1 |
0.6 |
0.1 |
|
|
New Zealand |
5.5 |
2.0 |
3.5 |
0.7 |
1.8 |
0.1 |
1.9 |
1.0 |
|
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 2023
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 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
Jersey |
3.1 |
3.0 |
0.1 |
0.2 |
0.3 |
2.9 |
0.0 |
-0.4 |
|
Bermuda |
1.2 |
1.3 |
-0.1 |
-0.1 |
-0.1 |
0.2 |
1.3 |
-0.1 |
|
|
Isle of Man |
0.3 |
0.4 |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
-0.1 |
|
|
Lebanon |
0.3 |
0.3 |
0.0 |
0.0 |
0.0 |
0.2 |
0.0 |
0.0 |
|
|
Bahrain |
0.3 |
0.2 |
0.1 |
0.3 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
|
Largest decreases |
Hong Kong |
-9.6 |
-2.3 |
-7.3 |
-1.4 |
-1.1 |
-1.7 |
-6.9 |
1.5 |
|
Singapore |
-1.2 |
-0.1 |
-1.1 |
2.5 |
-1.7 |
-0.3 |
-1.0 |
-0.7 |
|
|
Guernsey |
-0.5 |
-0.3 |
-0.3 |
0.0 |
0.0 |
-0.4 |
-0.1 |
-0.1 |
|
|
Panama |
-0.3 |
-0.3 |
0.0 |
-0.2 |
-0.1 |
0.0 |
0.1 |
-0.1 |
|
|
Mauritius |
-0.2 |
0.0 |
-0.2 |
0.2 |
0.0 |
0.1 |
-0.4 |
0.0 |
|
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - End-Q2 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
Jersey |
31.5 |
26.4 |
5.1 |
1.6 |
0.8 |
17.8 |
6.5 |
4.8 |
|
Bermuda |
8.7 |
6.0 |
2.7 |
0.1 |
0.9 |
4.1 |
1.9 |
1.7 |
|
|
Isle of Man |
4.7 |
3.3 |
1.5 |
0.1 |
0.3 |
0.4 |
2.0 |
2.0 |
|
|
Lebanon |
0.7 |
0.7 |
0.0 |
0.0 |
0.0 |
0.2 |
0.0 |
0.4 |
|
|
Bahrain |
7.4 |
3.9 |
3.5 |
3.1 |
1.5 |
0.1 |
1.5 |
1.2 |
|
|
Largest decreases |
Hong Kong |
507.5 |
44.3 |
463.2 |
11.1 |
139.7 |
59.9 |
128.6 |
168.2 |
|
Singapore |
157.5 |
36.5 |
121.0 |
11.9 |
74.5 |
12.3 |
22.8 |
35.9 |
|
|
Guernsey |
11.9 |
8.2 |
3.7 |
0.1 |
0.0 |
6.0 |
3.2 |
2.6 |
|
|
Panama |
1.0 |
1.0 |
0.0 |
0.3 |
0.0 |
0.0 |
0.7 |
0.1 |
|
|
Mauritius |
4.6 |
3.5 |
1.1 |
1.3 |
0.4 |
0.4 |
2.4 |
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 – Q2 2023
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 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
India |
3.8 |
-0.9 |
4.6 |
-1.0 |
2.0 |
0.8 |
1.7 |
0.2 |
|
Mexico |
2.7 |
-0.2 |
3.0 |
0.2 |
0.9 |
-0.2 |
0.5 |
1.3 |
|
|
Saudi Arabia |
2.4 |
2.3 |
0.1 |
0.7 |
0.2 |
2.0 |
-0.4 |
0.0 |
|
|
Israel |
1.0 |
1.1 |
-0.2 |
1.0 |
-0.1 |
0.1 |
0.0 |
0.0 |
|
|
Czech Republic |
0.7 |
1.2 |
-0.5 |
0.0 |
0.7 |
-0.1 |
0.1 |
0.0 |
|
|
Largest decreases |
South Korea |
-4.7 |
-0.1 |
-4.6 |
1.3 |
-4.0 |
-1.4 |
0.5 |
-1.1 |
|
China |
-2.1 |
2.4 |
-4.6 |
3.7 |
-2.3 |
-0.6 |
-2.0 |
-1.0 |
|
|
Malaysia |
-1.6 |
1.2 |
-2.8 |
1.2 |
-1.5 |
-0.2 |
-0.6 |
-0.5 |
|
|
United Arab Emirates |
-1.4 |
-0.7 |
-0.7 |
-0.3 |
0.2 |
-0.8 |
-0.5 |
0.1 |
|
|
Egypt |
-1.2 |
-1.2 |
0.0 |
-0.3 |
-0.9 |
0.0 |
0.0 |
0.0 |
|
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - End-Q2 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
India |
85.9 |
11.7 |
74.2 |
6.9 |
33.4 |
10.0 |
27.8 |
7.9 |
|
Mexico |
41.8 |
2.7 |
39.1 |
1.2 |
13.5 |
1.3 |
12.1 |
13.8 |
|
|
Saudi Arabia |
20.9 |
20.3 |
0.6 |
6.1 |
2.4 |
8.0 |
3.3 |
1.2 |
|
|
Israel |
10.1 |
8.7 |
1.4 |
2.4 |
6.7 |
0.2 |
0.6 |
0.2 |
|
|
Czech Republic |
5.6 |
4.5 |
1.1 |
0.0 |
5.0 |
0.0 |
0.5 |
0.0 |
|
|
Largest decreases |
South Korea |
95.0 |
27.3 |
67.7 |
18.0 |
26.9 |
5.8 |
18.7 |
25.5 |
|
China |
242.9 |
118.9 |
124.0 |
50.0 |
70.8 |
26.4 |
78.3 |
17.4 |
|
|
Malaysia |
36.0 |
7.4 |
28.6 |
7.0 |
11.3 |
0.8 |
7.8 |
9.0 |
|
|
United Arab Emirates |
52.1 |
19.6 |
32.5 |
11.5 |
12.7 |
2.7 |
16.7 |
8.6 |
|
|
Egypt |
8.0 |
3.0 |
5.0 |
0.4 |
5.3 |
0.1 |
1.7 |
0.5 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 15 December 2023
