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 $26.5 billion during 2023 Q3, to a level of $4,372.7 billion.
- By sector, the largest decrease in claims was on the private non-financial corporations sector, down by $29.5 billion to a level of $696.1 billion.
- By region, the largest decrease in claims was on Developing Countries, down by $22.7 billion to a level of $817.1 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q3 2023
US$ 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 |
2,701.1 |
818.4 |
23.5 |
71.6 |
154.8 |
556.9 |
4,393.0 |
|
|
Net Risk Transfers |
9.5 |
-41.2 |
-0.5 |
-0.7 |
-10.0 |
21.6 |
-20.3 |
|
|
Ultimate Risk |
2,710.5 |
777.2 |
22.9 |
70.9 |
144.8 |
578.5 |
4,372.7 |
|
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 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) – Q3 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
United States |
7.5 |
31.4 |
-23.8 |
-2.3 |
-5.7 |
25.3 |
-10.6 |
0.9 |
|
Italy |
3.9 |
4.3 |
-0.4 |
2.2 |
2.2 |
0.0 |
-0.1 |
-0.4 |
|
|
Luxembourg |
3.1 |
2.4 |
0.7 |
2.3 |
1.0 |
1.5 |
-1.8 |
0.1 |
|
|
Netherlands |
1.6 |
0.0 |
1.7 |
-0.5 |
3.0 |
-0.4 |
-0.9 |
0.4 |
|
|
Greece |
1.3 |
1.3 |
0.0 |
0.7 |
0.0 |
0.0 |
0.6 |
0.0 |
|
|
Largest decreases |
France |
-6.8 |
1.8 |
-8.6 |
-6.0 |
2.6 |
-1.8 |
-0.4 |
-1.2 |
|
Spain |
-5.7 |
-5.5 |
-0.2 |
-5.3 |
-0.8 |
0.1 |
0.3 |
0.0 |
|
|
Ireland |
-5.1 |
0.7 |
-5.9 |
-0.3 |
-0.6 |
0.2 |
0.3 |
-4.7 |
|
|
Germany |
-2.9 |
1.9 |
-4.8 |
-2.8 |
-0.9 |
0.2 |
0.6 |
-0.1 |
|
|
Sweden |
-1.2 |
-1.2 |
0.0 |
-0.6 |
-0.3 |
0.1 |
-0.4 |
0.0 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - End-Q3 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
United States |
1,322.0 |
735.7 |
586.3 |
46.9 |
406.2 |
679.1 |
139.7 |
50.1 |
|
Italy |
25.9 |
20.8 |
5.1 |
11.4 |
4.0 |
2.9 |
2.7 |
5.0 |
|
|
Luxembourg |
59.6 |
40.0 |
19.5 |
7.8 |
15.0 |
27.1 |
8.6 |
1.1 |
|
|
Netherlands |
59.5 |
30.4 |
29.2 |
15.3 |
11.7 |
8.8 |
13.0 |
10.7 |
|
|
Greece |
2.0 |
1.8 |
0.1 |
0.9 |
0.0 |
0.2 |
0.8 |
0.1 |
|
|
Largest decreases |
France |
390.6 |
203.8 |
186.8 |
168.0 |
154.1 |
22.1 |
25.5 |
20.8 |
|
Spain |
32.5 |
32.2 |
0.3 |
24.9 |
0.9 |
1.1 |
5.4 |
0.2 |
|
|
Ireland |
38.8 |
33.6 |
5.2 |
1.4 |
1.4 |
20.2 |
13.0 |
2.9 |
|
|
Germany |
221.2 |
98.2 |
123.0 |
65.4 |
129.2 |
11.1 |
10.2 |
5.3 |
|
|
Sweden |
11.7 |
11.6 |
0.1 |
3.0 |
2.2 |
4.0 |
2.4 |
0.0 |
|
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 – Q3 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) – Q3 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
Cayman Islands |
2.4 |
2.3 |
0.2 |
0.0 |
0.0 |
2.0 |
0.5 |
0.0 |
|
Bahrain |
2.1 |
1.7 |
0.4 |
1.6 |
0.4 |
0.1 |
0.1 |
0.0 |
|
|
Macao |
0.6 |
0.6 |
0.1 |
0.5 |
0.0 |
0.0 |
0.1 |
0.0 |
|
|
No other increases greater than $0.1 bn |
|||||||||
|
Largest decreases |
Hong Kong |
-6.2 |
-2.5 |
-3.6 |
-0.3 |
1.3 |
-0.6 |
-7.0 |
0.4 |
|
Jersey |
-1.7 |
-1.3 |
-0.4 |
-0.5 |
-0.6 |
-0.3 |
-0.1 |
-0.2 |
|
|
Singapore |
-1.5 |
5.6 |
-7.1 |
4.0 |
-6.1 |
1.4 |
-1.2 |
0.4 |
|
|
Bermuda |
-0.4 |
-0.6 |
0.2 |
0.0 |
0.2 |
-0.2 |
-0.3 |
0.0 |
|
|
Isle of Man |
-0.4 |
-0.4 |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.2 |
0.0 |
|
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - End-Q3 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
Cayman Islands |
38.5 |
38.1 |
0.4 |
0.5 |
0.0 |
34.4 |
3.2 |
0.4 |
|
Bahrain |
9.5 |
5.5 |
3.9 |
4.7 |
1.9 |
0.2 |
1.6 |
1.1 |
|
|
Macao |
5.1 |
1.6 |
3.4 |
1.3 |
0.6 |
0.0 |
1.9 |
1.2 |
|
|
No other increases greater than $0.1 bn |
|||||||||
|
Largest decreases |
Hong Kong |
501.4 |
41.8 |
459.6 |
10.8 |
141.0 |
59.3 |
121.7 |
168.6 |
|
Jersey |
29.8 |
25.1 |
4.7 |
1.1 |
0.2 |
17.5 |
6.4 |
4.6 |
|
|
Singapore |
156.0 |
42.1 |
113.9 |
15.9 |
68.5 |
13.7 |
21.6 |
36.3 |
|
|
Bermuda |
8.3 |
5.4 |
2.9 |
0.1 |
1.1 |
3.9 |
1.5 |
1.7 |
|
|
Isle of Man |
4.3 |
2.9 |
1.5 |
0.1 |
0.3 |
0.3 |
1.8 |
2.0 |
|
Consolidated external claims: Developing Countries
Changes in consolidated external claims on an ultimate risk basis on Developing Countries, by counterpart sector and by debtor country – Q3 2023
US$ 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) – Q3 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
China |
5.2 |
-2.2 |
7.3 |
3.3 |
4.7 |
-0.9 |
-1.2 |
-0.7 |
|
India |
3.8 |
2.9 |
0.8 |
2.1 |
2.2 |
-0.7 |
0.0 |
0.2 |
|
|
Poland |
2.9 |
3.3 |
-0.4 |
0.1 |
2.9 |
0.0 |
-0.1 |
0.0 |
|
|
Mexico |
1.4 |
0.9 |
0.5 |
-0.6 |
1.6 |
0.2 |
-0.3 |
0.4 |
|
|
Taiwan |
0.8 |
0.7 |
0.1 |
2.1 |
-0.6 |
-0.4 |
-0.1 |
-0.2 |
|
|
Largest decreases |
Brazil |
-15.2 |
-15.3 |
0.0 |
-0.1 |
-15.3 |
-0.5 |
0.7 |
0.0 |
|
South Korea |
-8.1 |
-0.2 |
-7.8 |
-4.5 |
-2.0 |
0.5 |
-0.7 |
-1.4 |
|
|
Oman |
-4.4 |
0.2 |
-4.6 |
0.0 |
-1.9 |
0.0 |
-1.3 |
-1.2 |
|
|
Israel |
-2.0 |
-3.1 |
1.1 |
0.1 |
-2.2 |
-0.1 |
0.1 |
0.0 |
|
|
Bangladesh |
-1.1 |
-0.3 |
-0.8 |
-0.2 |
-0.3 |
0.0 |
-0.5 |
0.0 |
|
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - End-Q3 2023
|
|
|
|
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
|
|
Total |
Cross-border |
Local |
DTC |
Public sector |
OFC |
NFC |
HH |
|
Largest increases |
China |
248.0 |
116.7 |
131.3 |
53.3 |
75.4 |
25.5 |
77.0 |
16.7 |
|
India |
89.6 |
14.6 |
75.0 |
9.0 |
35.5 |
9.3 |
27.8 |
8.1 |
|
|
Poland |
5.2 |
4.8 |
0.5 |
0.3 |
3.7 |
0.1 |
1.0 |
0.1 |
|
|
Mexico |
43.3 |
3.7 |
39.6 |
0.7 |
15.1 |
1.5 |
11.8 |
14.2 |
|
|
Taiwan |
55.3 |
21.3 |
34.0 |
15.0 |
11.6 |
4.6 |
9.9 |
14.2 |
|
|
Largest decreases |
Brazil |
16.8 |
15.3 |
1.6 |
4.4 |
8.8 |
1.5 |
2.1 |
0.1 |
|
South Korea |
86.9 |
27.0 |
59.9 |
13.5 |
24.9 |
6.3 |
18.0 |
24.1 |
|
|
Oman |
1.7 |
1.4 |
0.4 |
0.6 |
0.4 |
0.0 |
0.7 |
0.1 |
|
|
Israel |
8.1 |
5.6 |
2.5 |
2.6 |
4.4 |
0.1 |
0.7 |
0.2 |
|
|
Bangladesh |
10.7 |
2.0 |
8.7 |
1.6 |
2.6 |
0.2 |
5.6 |
0.7 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 15 March 2024
