Key points
- With effect from this publication of 2025 Q4 data, the Bank of England has implemented changes for country grouping conventions used in statistics covering the consolidated worldwide external claims of UK-owned monetary financial institutions. As set out in the Bankstats article of December 2024, the change to these breakdowns aligns our publication with the grouping used by the Bank for International Settlements (BIS) in their published reports. Additional details of the changes are in the Bankstats article of February 2026.
- UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported an increase in consolidated external claims on an ultimate risk basis of $50.2 billion during 2025 Q4, to a level of $5,181.7 billion.
- By sector, the largest increase in claims was on the Deposit-taking Corporations sector, up by $34.1 billion to a level of $743.6 billion.
- By region, the largest increase in claims was on Advanced Economies, up $47.4 billion to a level of $4,295.3 billion, where the largest increase by country was on France ($37.7 billion).
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - 2025 Q4 (US$ billion)
|
External claims on: |
||||||
|---|---|---|---|---|---|---|
|
|
Advanced Economies |
Emerging Market and Developing Economies: |
Total |
|||
|
Europe |
Latin America & Caribbean |
Africa & Middle East |
Asia & Pacific |
|||
|
Immediate borrower |
4,310.8 |
31.0 |
95.9 |
226.2 |
421.5 |
5,194.0 |
|
Net risk transfers |
-15.6 |
-2.8 |
-3.2 |
-15.1 |
22.9 |
-12.3 |
|
Ultimate risk basis |
4,295.3 |
28.2 |
92.7 |
211.1 |
444.4 |
5,181.7 |
Consolidated external claims: Advanced Economies
Table B: Changes in external claims on an ultimate risk basis: Advanced Economies (US$ billion) - 2025 Q4
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
France |
37.7 |
25.0 |
12.7 |
26.0 |
21.3 |
-3.6 |
-0.4 |
-5.6 |
|
Switzerland |
14.0 |
5.1 |
8.9 |
-1.2 |
14.9 |
0.6 |
-0.3 |
0.0 |
|
|
Italy |
8.9 |
8.7 |
0.2 |
3.5 |
0.9 |
1.7 |
2.8 |
0.0 |
|
|
Cayman Islands |
6.2 |
6.4 |
-0.2 |
-0.2 |
0.2 |
5.1 |
1.1 |
0.0 |
|
|
Germany |
5.3 |
9.5 |
-4.2 |
4.9 |
-6.8 |
5.3 |
1.9 |
-0.1 |
|
|
Largest decreases |
Austria |
-1.2 |
-1.2 |
0.0 |
-1.1 |
-0.2 |
0.0 |
0.1 |
0.0 |
|
Sweden |
-1.8 |
-1.8 |
0.0 |
-0.6 |
0.2 |
-1.7 |
0.3 |
0.0 |
|
|
Netherlands |
-2.3 |
-0.3 |
-2.0 |
-1.6 |
-0.5 |
-1.6 |
1.4 |
0.0 |
|
|
Hong Kong |
-8.4 |
-2.6 |
-5.8 |
0.6 |
-6.9 |
-1.6 |
-1.7 |
1.2 |
|
|
United States |
-31.4 |
20.2 |
-51.7 |
-6.6 |
-39.1 |
11.7 |
2.2 |
0.4 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Advanced Economies (US$ billion) - 2025 Q4
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
France |
453.6 |
296.7 |
157.0 |
242.7 |
156.7 |
17.2 |
32.7 |
4.3 |
|
Switzerland |
63.0 |
42.3 |
20.7 |
9.4 |
31.9 |
4.2 |
11.1 |
6.4 |
|
|
Italy |
35.8 |
34.7 |
1.1 |
12.1 |
7.2 |
11.0 |
4.9 |
0.6 |
|
|
Cayman Islands |
79.5 |
79.4 |
0.1 |
1.2 |
0.3 |
71.9 |
5.4 |
0.7 |
|
|
Germany |
222.7 |
126.3 |
96.3 |
75.2 |
111.8 |
12.6 |
21.1 |
2.0 |
|
|
Largest decreases |
Austria |
8.2 |
8.2 |
0.0 |
2.4 |
4.8 |
0.4 |
0.5 |
0.0 |
|
Sweden |
10.6 |
10.5 |
0.2 |
1.4 |
4.1 |
1.5 |
3.5 |
0.1 |
|
|
Netherlands |
79.1 |
42.3 |
36.8 |
15.2 |
13.7 |
15.1 |
16.6 |
18.5 |
|
|
Hong Kong |
490.1 |
44.9 |
445.1 |
7.4 |
137.7 |
71.2 |
102.8 |
170.9 |
|
|
United States |
1,768.6 |
1,090.9 |
677.6 |
49.1 |
538.3 |
964.7 |
161.8 |
54.7 |
|
Consolidated external claims: Emerging Market and Developing Economies
Table D: Changes in external claims on an ultimate risk basis: Emerging Market and Developing Economies (US$ billion) - 2025 Q4
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
Brazil |
5.4 |
5.2 |
0.2 |
0.0 |
6.0 |
-0.4 |
-0.2 |
0.0 |
|
India |
2.4 |
4.6 |
-2.2 |
-0.1 |
3.4 |
-1.6 |
0.8 |
-0.1 |
|
|
China |
2.2 |
-4.3 |
6.6 |
-4.5 |
3.7 |
1.8 |
1.9 |
-0.7 |
|
|
Egypt |
1.7 |
1.1 |
0.6 |
0.0 |
2.3 |
0.0 |
-0.6 |
0.0 |
|
|
Kuwait |
1.0 |
1.0 |
0.0 |
0.8 |
0.4 |
-0.1 |
-0.2 |
0.0 |
|
|
Largest decreases |
Lebanon |
-0.4 |
-0.4 |
0.0 |
0.0 |
0.0 |
-0.3 |
0.0 |
-0.1 |
|
Philippines |
-0.6 |
-0.8 |
0.2 |
-0.3 |
-0.3 |
0.0 |
0.0 |
0.0 |
|
|
Poland |
-1.2 |
-1.5 |
0.3 |
0.4 |
-1.9 |
0.0 |
0.1 |
0.0 |
|
|
Saudi Arabia |
-2.3 |
-2.5 |
0.2 |
0.6 |
0.4 |
-2.8 |
-0.5 |
0.0 |
|
|
United Arab Emirates |
-7.3 |
-5.8 |
-1.4 |
0.5 |
0.4 |
-7.9 |
-0.6 |
0.4 |
|
Table E: Amounts outstanding of external claims on an ultimate risk basis: Emerging Market and Developing Economies (US$ billion) - 2025 Q4
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
Brazil |
34.2 |
31.9 |
2.3 |
6.0 |
23.2 |
1.3 |
3.5 |
0.1 |
|
India |
95.9 |
17.0 |
78.8 |
8.2 |
38.3 |
11.6 |
30.5 |
7.2 |
|
|
China |
241.6 |
107.4 |
134.2 |
52.8 |
70.4 |
34.0 |
71.3 |
13.1 |
|
|
Egypt |
14.6 |
9.0 |
5.5 |
1.0 |
12.1 |
0.0 |
0.8 |
0.6 |
|
|
Kuwait |
6.5 |
4.9 |
1.6 |
4.1 |
1.1 |
0.8 |
0.3 |
0.2 |
|
|
Largest decreases |
Lebanon |
0.3 |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Philippines |
7.9 |
3.8 |
4.0 |
3.2 |
2.4 |
0.2 |
1.5 |
0.6 |
|
|
Poland |
7.8 |
6.1 |
1.7 |
1.1 |
5.0 |
0.2 |
1.4 |
0.1 |
|
|
Saudi Arabia |
28.7 |
26.8 |
1.9 |
10.1 |
5.5 |
7.5 |
3.9 |
1.9 |
|
|
United Arab Emirates |
93.4 |
50.3 |
43.1 |
15.6 |
17.5 |
30.1 |
20.0 |
10.2 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 19 June 2026
