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 $99.1 billion during 2026 Q1, to a level of $5,278.4 billion.
- By sector, the largest increase in claims was on the Other Financial Corporations sector, up by $90.4 billion to a level of $1,664.2 billion.
- By region, the largest increase in claims was on Advanced Economies, up $80.6 billion to a level of $4,373.4 billion, where the largest increase by country was against USA ($91.6 billion).
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - 2026 Q1 (US$ billion)
|
External claims on: |
||||||
|---|---|---|---|---|---|---|
|
|
Advanced Economies |
Emerging Market and Developing Economies: |
Total |
|||
|
Europe |
Latin America & Caribbean |
Africa & Middle East |
Asia & Pacific |
|||
|
Immediate borrower |
4,404.9 |
31.6 |
93.3 |
244.6 |
413.9 |
5,301.1 |
|
Net risk transfers |
-31.5 |
-3.2 |
-2.0 |
-12.6 |
23.1 |
-22.8 |
|
Ultimate risk basis |
4,373.4 |
28.4 |
91.4 |
232.1 |
437.0 |
5,278.4 |
Consolidated external claims: Advanced Economies
Table B: Changes in external claims on an ultimate risk basis: Advanced Economies (US$ billion) - 2026 Q1
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United States |
91.6 |
58.9 |
32.7 |
7.8 |
19.3 |
67.5 |
-2.5 |
-0.7 |
|
Hong Kong |
10.3 |
1.7 |
8.6 |
2.8 |
4.3 |
2.5 |
-1.6 |
2.3 |
|
|
Taiwan |
6.7 |
5.2 |
1.5 |
3.1 |
2.1 |
0.1 |
1.6 |
-0.2 |
|
|
Bermuda |
3.6 |
3.6 |
-0.1 |
0.0 |
-0.1 |
3.3 |
0.2 |
0.2 |
|
|
Australia |
3.2 |
-0.2 |
3.5 |
-1.2 |
1.0 |
1.5 |
1.3 |
0.5 |
|
|
Largest decreases |
Jersey |
-4.3 |
-4.2 |
-0.1 |
-0.1 |
0.0 |
-4.1 |
0.1 |
-0.2 |
|
Switzerland |
-4.3 |
2.9 |
-7.2 |
4.3 |
-7.8 |
-0.5 |
0.0 |
-0.3 |
|
|
France |
-5.2 |
9.1 |
-14.2 |
7.7 |
-11.8 |
1.7 |
-2.6 |
-0.2 |
|
|
Cayman Islands |
-6.3 |
-6.2 |
0.0 |
0.3 |
-0.2 |
-6.0 |
-0.3 |
-0.1 |
|
|
Germany |
-11.5 |
-3.8 |
-7.7 |
1.4 |
-10.9 |
1.5 |
-3.5 |
0.0 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Advanced Economies (US$ billion) - 2026 Q1
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United States |
1,860.1 |
1,149.8 |
710.3 |
56.9 |
557.7 |
1,032.2 |
159.4 |
54.0 |
|
Hong Kong |
500.4 |
46.6 |
453.7 |
10.2 |
142.1 |
73.7 |
101.2 |
173.2 |
|
|
Taiwan |
63.5 |
25.7 |
37.8 |
8.5 |
13.7 |
8.8 |
15.7 |
16.7 |
|
|
Bermuda |
12.4 |
9.5 |
2.9 |
0.1 |
1.2 |
7.9 |
1.5 |
1.6 |
|
|
Australia |
103.8 |
36.0 |
67.8 |
15.1 |
19.4 |
21.1 |
21.8 |
26.4 |
|
|
Largest decreases |
Jersey |
47.2 |
42.5 |
4.7 |
0.8 |
0.3 |
32.4 |
8.5 |
5.1 |
|
Switzerland |
58.7 |
45.2 |
13.5 |
13.7 |
24.1 |
3.7 |
11.1 |
6.1 |
|
|
France |
448.4 |
305.6 |
142.8 |
250.4 |
144.9 |
19.0 |
30.0 |
4.1 |
|
|
Cayman Islands |
70.8 |
70.7 |
0.1 |
1.5 |
0.1 |
63.4 |
5.1 |
0.7 |
|
|
Germany |
211.2 |
122.6 |
88.6 |
76.6 |
100.8 |
14.1 |
17.7 |
1.9 |
|
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) - 2026 Q1
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United Arab Emirates |
9.0 |
10.0 |
-1.0 |
5.1 |
-1.3 |
3.7 |
1.0 |
0.5 |
|
Qatar |
8.0 |
7.7 |
0.3 |
1.9 |
0.7 |
3.9 |
1.5 |
0.0 |
|
|
Saudi Arabia |
3.3 |
3.1 |
0.2 |
0.0 |
-0.5 |
3.4 |
0.1 |
0.3 |
|
|
Nigeria |
2.6 |
2.2 |
0.4 |
0.1 |
2.2 |
0.0 |
0.3 |
0.0 |
|
|
Poland |
2.3 |
2.6 |
-0.3 |
0.0 |
2.2 |
0.0 |
0.1 |
0.0 |
|
|
Largest decreases |
Egypt |
-1.4 |
-1.9 |
0.5 |
-0.2 |
-1.3 |
0.0 |
0.1 |
0.0 |
|
South Africa |
-1.4 |
-0.2 |
-1.3 |
-0.9 |
-0.6 |
0.3 |
-0.2 |
0.0 |
|
|
Mexico |
-2.1 |
0.0 |
-2.1 |
0.3 |
-1.3 |
0.3 |
-0.9 |
-0.5 |
|
|
Turkey |
-2.3 |
-2.1 |
-0.2 |
-1.8 |
0.4 |
-1.0 |
0.1 |
0.0 |
|
|
China |
-6.3 |
1.1 |
-7.5 |
-4.0 |
-2.1 |
0.1 |
-0.1 |
-0.3 |
|
Table E: Amounts outstanding of external claims on an ultimate risk basis: Emerging Market and Developing Economies (US$ billion) - 2026 Q1
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United Arab Emirates |
102.4 |
60.3 |
42.1 |
20.7 |
16.2 |
33.8 |
21.0 |
10.7 |
|
Qatar |
35.0 |
28.4 |
6.6 |
14.3 |
5.5 |
7.8 |
6.0 |
1.3 |
|
|
Saudi Arabia |
32.0 |
29.9 |
2.1 |
10.1 |
4.9 |
10.9 |
4.0 |
2.1 |
|
|
Nigeria |
7.6 |
6.3 |
1.2 |
0.6 |
5.3 |
0.1 |
1.0 |
0.6 |
|
|
Poland |
10.1 |
8.7 |
1.3 |
1.0 |
7.2 |
0.2 |
1.5 |
0.1 |
|
|
Largest decreases |
Egypt |
13.2 |
7.2 |
6.0 |
0.8 |
10.8 |
0.1 |
0.9 |
0.6 |
|
South Africa |
8.1 |
4.6 |
3.5 |
4.4 |
1.4 |
1.0 |
1.1 |
0.2 |
|
|
Mexico |
42.8 |
2.0 |
40.9 |
1.5 |
14.4 |
2.0 |
11.5 |
13.4 |
|
|
Turkey |
15.7 |
10.8 |
4.9 |
6.1 |
6.8 |
0.3 |
2.3 |
0.2 |
|
|
China |
235.2 |
108.5 |
126.7 |
48.8 |
68.2 |
34.1 |
71.3 |
12.8 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 18 September 2026
