Consolidated worldwide claims - 2025 Q1

This statistical release covers the consolidated worldwide external claims and unused commitments of UK-owned monetary financial institutions (excluding central banks) and their branches and subsidiaries worldwide.
Published on 20 June 2025

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 $245.4 billion during 2025 Q1, to a level of $4,804.0 billion.
  • By sector, the largest increase in claims was on the Other Financial Corporations sector, up by $118.8 billion to a level of $1,477.7 billion.
  • By region, the largest increase in claims was on Developed Countries, up $190.9 billion to a level of $2,967.2 billion.

Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - Q1 2025 (US$ billions)

External claims on:

Developed Countries

Offshore Centres

Developing Countries:

Total

Europe

Latin America & Caribbean

Africa & Middle East

Asia & Pacific

Immediate borrower

2,962.3

876.4

30.4

75.7

209.5

579.9

4,831.9

Net risk transfers

4.8

-54.1

-0.8

0.1

-8.1

28.4

-27.9

Ultimate risk basis

2,967.2

822.2

29.6

75.8

201.4

608.3

4,804.0

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 by country share

Consolidated external claims: Developed Countries

Chart 3: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Developed Countries - 2025 Q1

Chart 4: Changes in consolidated external claims on an ultimate risk basis by country for Developed Countries - 2025 Q1 (5 largest increases/decreases)

Table B: Changes in external claims on an ultimate risk basis: Developed Countries (US$ billions) - Q1 2025

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

United States

106.3

39.6

66.7

4.8

47.2

55.8

-1.6

0.1

France

35.4

30.9

4.5

21.0

5.9

6.0

3.1

-0.6

Germany

23.0

5.1

17.9

1.9

15.5

2.5

3.0

0.1

Netherlands

10.0

5.6

4.3

2.6

2.3

1.8

1.8

1.6

Japan

7.1

-9.1

16.1

3.8

-6.6

12.0

-2.2

0.0

Largest decreases

Italy

-0.5

-0.8

0.3

-2.2

0.8

4.0

-3.1

0.0

Switzerland

-0.6

0.4

-0.9

1.0

-2.4

0.4

0.7

-0.2

Finland

-0.7

-0.8

0.1

-1.7

0.9

0.2

-0.2

0.0

New Zealand

-1.1

-0.9

-0.2

-0.6

-0.3

0.1

-0.3

0.0

Spain

-3.0

-3.1

0.1

-5.2

0.5

0.5

1.2

0.0

Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - Q1 2025

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

United States

1,611.1

953.1

658.0

54.2

475.8

875.3

154.9

50.9

France

412.4

235.6

176.8

180.0

168.6

24.4

30.5

9.0

Germany

203.2

101.8

101.5

63.1

112.3

8.1

18.1

1.7

Netherlands

71.9

40.1

31.8

16.2

11.1

14.2

15.5

14.9

Japan

227.0

85.9

141.1

32.5

56.6

106.0

31.1

0.7

Largest decreases

Italy

21.6

20.5

1.0

6.5

5.4

8.1

1.0

0.6

Switzerland

42.9

34.0

8.9

7.5

13.9

4.5

11.3

5.7

Finland

5.4

5.0

0.4

1.6

2.9

0.6

0.3

0.0

New Zealand

6.8

4.1

2.7

1.1

2.8

0.5

2.1

0.1

Spain

34.9

34.6

0.3

20.0

4.6

1.7

8.3

0.2

Consolidated external claims: Offshore Centres

Chart 5: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Offshore Centres - 2025 Q1

Chart 6: Changes in consolidated external claims on an ultimate risk basis by country for Offshore Centres - 2025 Q1 (5 largest increases/decreases)

Table D: Changes in external claims on an ultimate risk basis: Offshore Centres (US$ billions) - Q1 2025

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

Singapore

7.6

6.6

0.9

1.9

-1.3

3.9

2.6

0.4

West Indies UK

1.7

1.7

-0.1

0.0

0.0

1.6

0.1

0.0

Guernsey

1.1

1.0

0.2

0.2

0.0

0.4

0.5

0.1

Cayman Islands

0.3

0.2

0.1

0.1

0.0

-0.4

0.6

0.0

Mauritius

0.2

0.4

-0.1

-0.1

0.0

0.0

0.3

0.0

Largest decreases

No other decreases greater than $0.1bn

Macao

-0.1

0.0

-0.1

-0.1

0.0

0.0

0.0

0.0

Jersey

-0.3

-0.8

0.5

0.1

0.0

-0.9

0.4

0.1

Bermuda

-0.4

-0.5

0.1

0.0

0.0

-0.2

-0.2

0.0

Hong Kong

-13.0

-0.7

-12.3

-1.2

-5.6

-2.1

-3.0

-1.1

Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - Q1 2025

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

Singapore

188.6

62.0

126.6

13.1

80.2

31.7

27.9

35.8

West Indies UK

5.5

5.5

0.0

0.0

0.0

2.9

2.4

0.2

Guernsey

13.8

9.7

4.2

0.4

0.0

7.8

3.1

2.5

Cayman Islands

62.8

62.6

0.2

1.1

0.0

57.3

3.8

0.7

Mauritius

4.3

3.4

0.9

0.8

0.2

1.7

1.6

0.0

Largest decreases

No other decreases greater than $0.1bn

Macao

2.8

0.4

2.4

0.1

0.5

0.0

1.0

1.1

Jersey

44.7

39.8

4.9

1.0

0.3

31.2

7.4

4.8

Bermuda

6.8

4.3

2.5

0.1

0.7

3.3

1.2

1.5

Hong Kong

476.6

45.1

431.5

7.0

130.6

64.9

107.5

166.5

Consolidated external claims: Developing Countries

Chart 7: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Developing Countries - 2025 Q1

Chart 8: Changes in consolidated external claims on an ultimate risk basis by country for Developing Countries - 2025 Q1 (5 largest increases/decreases)

Table F: Changes in external claims on an ultimate risk basis: Developing Countries (US$ billions) - Q1 2025

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

United Arab Emirates

18.1

17.2

0.9

-0.5

0.6

16.7

0.5

0.9

South Korea

8.2

3.5

4.7

-0.3

4.2

1.1

2.2

1.0

India

7.2

1.1

6.1

-0.3

4.9

2.7

0.4

-0.4

China

5.5

6.8

-1.3

4.7

4.1

-2.0

-0.7

-0.5

Saudi Arabia

2.2

2.1

0.1

1.1

-0.1

0.8

0.3

0.1

Largest decreases

Vietnam

-0.6

-0.2

-0.4

-0.2

-0.3

0.0

-0.2

0.0

Mexico

-0.7

-0.2

-0.5

0.1

-0.8

-0.2

0.3

0.0

Czech Republic

-1.0

0.3

-1.4

0.1

-1.2

0.0

0.0

0.0

Nigeria

-1.2

-1.4

0.2

0.0

-1.2

0.0

0.0

0.0

Brazil

-4.1

-4.3

0.2

0.0

-4.8

0.1

0.6

0.0

Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - Q1 2025

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

United Arab Emirates

95.0

53.7

41.3

12.7

17.5

36.5

18.9

9.4

South Korea

94.0

37.2

56.8

12.2

34.0

8.2

19.6

20.1

India

101.7

14.7

87.0

9.7

40.8

13.3

30.2

7.7

China

257.6

128.6

129.0

66.4

75.2

31.6

69.9

14.4

Saudi Arabia

31.1

29.5

1.6

9.7

5.0

11.3

3.4

1.6

Largest decreases

Vietnam

6.9

1.5

5.3

0.7

0.6

0.3

3.6

1.7

Mexico

40.6

2.4

38.1

1.1

13.7

1.7

11.2

12.9

Czech Republic

2.2

1.1

1.1

0.2

1.8

0.1

0.2

0.0

Nigeria

3.0

1.9

1.1

0.5

1.2

0.0

0.8

0.5

Brazil

26.7

24.8

1.9

6.5

15.2

1.7

3.3

0.1

Queries

If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk

Next release date: 19 September 2025

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