External business of Monetary Financial Institutions operating in the UK - 2021 Q2

This statistical release covers all claims on and liabilities to other countries by UK-resident banks and building societies (monetary financial institutions).
Published on 03 September 2021

Key points

  • Adjusted for exchange rate movements, external liabilities decreased by $65.6 billion during 2021 Q2. The decrease was more than accounted for by a decrease in liabilities to Developed Countries, which was largely attributable to the United States.
  • Adjusted for exchange rate movements, external claims decreased by $34.0 billion during 2021 Q2. The largest decrease in claims was on Developed Countries, which was more than accounted for by Ireland.

Table A: Regional breakdown of external claims and liabilities

US$ billions - Not seasonally adjusted

Exchange rate adjusted flows

Amounts outstanding

Q4

Q1

Q2

End-Q2 2021

Liabilities to:

2020

2021

 

 

 

Developed countries

191.7

43.5

- 99.0

3,315.9

Offshore centres

6.4

7.4

28.7

657.8

Developing countries

15.0

22.7

2.5

537.1

International Organisations & Other

- 66.3

- 2.6

2.2

1,054.7

Total

146.7

71.0

- 65.6

5,565.4

Claims on:

Developed countries

84.5

88.1

- 19.0

4,040.9

Offshore centres

26.3

22.9

- 3.1

556.1

Developing countries

27.5

- 4.1

- 8.9

430.2

International Organisations & Other

- 17.2

7.0

- 3.0

189.7

Total

121.2

113.9

- 34.0

5,216.9


Exchange rate adjusted flows of external liabilities and claims: Developed Countries

Exchange rate adjusted flows vis-à-vis Developed Countries - 2021 Q2 (US$ billions)

Not seasonally adjusted

Table B: Amounts outstanding and exchange rate adjusted flows of liabilities by country - 2021 Q2

US$ billions - Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

Netherlands

182.8

13.4

 

83.7

-2.6

 

99.1

16.0

Canada

134.6

8.2

 

87.5

3.0

 

47.1

5.3

Ireland

239.9

4.6

 

70.8

8.6

 

169.1

-4.1

Cyprus

7.8

0.8

 

0.4

0.0

 

7.3

0.7

Greece

8.9

0.6

 

2.8

-0.2

 

6.2

0.8

Largest flow decreases

United States

1,326.6

-49.4

 

541.0

-28.3

 

785.7

-21.1

Switzerland

181.3

-21.3

 

127.9

-18.5

 

53.4

-2.8

Japan

121.2

-18.2

 

87.5

-7.5

 

33.7

-10.7

France

293.1

-13.6

 

242.1

-20.9

 

51.0

7.2

Australia

75.6

-9.4

 

43.6

-9.0

 

31.9

-0.5

Table C: Amounts outstanding and exchange rate adjusted flows of claims by country - 2021 Q2

US$ billions - Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

Luxembourg

161.5

18.3

 

42.5

12.7

 

119.0

5.5

Canada

150.0

10.0

 

104.9

-3.2

 

45.0

13.2

United States

1,341.5

6.1

 

457.7

3.2

 

883.8

2.8

Germany

563.0

2.2

 

519.4

10.2

 

43.7

-8.0

Australia

76.3

1.7

 

41.1

4.2

 

35.1

-2.5

Largest flow decreases

Ireland

206.1

-20.7

 

71.0

-9.0

 

135.1

-11.7

France

540.8

-12.6

 

468.4

-4.3

 

72.4

-8.3

Netherlands

164.6

-10.6

 

67.9

-1.3

 

96.8

-9.3

Switzerland

224.9

-5.7

 

185.0

-6.9

 

39.9

1.3

Italy

39.2

-4.5

 

23.9

-2.4

 

15.4

-2.2

Exchange rate adjusted flows of external liabilities and claims: Offshore Centres

Exchange rate adjusted flows vis-à-vis Offshore Centres - 2021 Q2 (US$ billions)

Not seasonally adjusted

Table D: Amounts outstanding and exchange rate adjusted flows of liabilities by country - 2021 Q2

US$ billions - Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

Cayman Islands

151.4

11.6

 

18.0

-0.2

 

133.5

11.8

Hong Kong

123.7

9.2

 

60.5

-2.7

 

63.1

11.9

Singapore

89.6

5.8

 

65.6

5.1

 

24.0

0.7

Guernsey

54.9

3.6

 

47.2

2.8

 

7.7

0.8

Barbados

7.3

1.6

 

6.5

1.5

 

0.7

0.1

Largest flow decreases

Bahamas

17.1

-1.2

 

13.0

-0.3

 

4.1

-0.9

Curacao

1.1

-1.0

 

0.3

-0.4

 

0.8

-0.6

Bermuda

25.3

-0.7

 

14.8

0.3

 

10.5

-0.9

Isle of Man

20.3

-0.6

 

15.1

-0.8

 

5.1

0.1

Lebanon

5.2

-0.6

 

4.3

-0.6

 

0.9

0.1

Table E: Amounts outstanding and exchange rate adjusted flows of claims by country - 2021 Q2

US$ billions - Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

Singapore

102.8

4.3

 

69.6

3.4

 

33.2

0.9

Jersey

73.8

2.8

 

11.4

-0.5

 

62.3

3.3

West Indies UK

24.1

2.1

 

0.0

0.0

 

24.1

2.1

Hong Kong

103.7

2.0

 

43.7

-2.4

 

60.0

4.4

Macao

3.4

1.2

 

3.4

1.2

 

0.0

0.0

Largest flow decreases

Cayman Islands

190.2

-12.4

 

71.4

-12.1

 

118.8

-0.3

Bahamas

4.9

-2.2

 

3.9

-1.4

 

1.0

-0.8

Bermuda

10.2

-1.6

 

0.0

0.0

 

10.1

-1.6

Bahrain
*

7.5

-0.8

 

5.6

-0.9

 

2.0

0.1

 

 

 

 

 

 

 

 

 

*No other decreases more than $0.1 bn

Exchange rate adjusted flows of external liabilities and claims: Developing Countries

Exchange rate adjusted flows vis-à-vis Developing Countries – 2021 Q2 (US$ billions)

Not seasonally adjusted

Table F: Amounts outstanding and exchange rate adjusted flows of liabilities by country - 2021 Q2

US$ billions - Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

United Arab Emirates

44.9

4.2

 

23.7

-0.4

 

21.2

4.6

India

34.3

3.3

 

31.2

3.3

 

3.0

0.0

Qatar

22.3

3.3

 

12.2

1.7

 

10.1

1.5

Russia

15.9

2.2

 

9.9

2.1

 

6.0

0.1

Poland

5.2

1.8

 

3.8

1.8

 

1.4

0.0

Largest flow decreases

Saudi Arabia

72.1

-5.3

 

42.1

-8.0

 

30.0

2.7

Israel

8.6

-3.4

 

4.6

-1.1

 

4.0

-2.3

Peru

4.3

-2.3

 

3.9

-2.1

 

0.4

-0.1

Oman

5.4

-1.9

 

2.6

-0.6

 

2.9

-1.3

Taiwan

16.3

-1.8

 

6.0

-2.8

 

10.2

1.0

Table G: Amounts outstanding and exchange rate adjusted flows of claims by country - 2021 Q2

US$ billions - Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

United Arab Emirates

60.2

1.8

 

37.0

1.4

 

23.2

0.4

Egypt

15.5

1.4

 

3.9

0.3

 

11.6

1.1

Ivory Coast

1.2

0.4

 

0.1

0.1

 

1.1

0.4

Bangladesh

2.1

0.3

 

1.7

0.3

 

0.3

0.0

Zambia

0.5

0.2

 

0.1

0.1

 

0.5

0.2

Largest flow decreases

Saudi Arabia

26.8

-2.6

 

5.9

-0.8

 

20.9

-1.7

South Africa

13.1

-2.4

 

4.8

-0.7

 

8.3

-1.8

Turkey

24.0

-1.3

 

15.8

-0.7

 

8.2

-0.7

Malaysia

3.7

-1.1

 

2.9

-1.3

 

0.8

0.1

China

55.7

-0.9

 

43.6

-0.4

 

12.0

-0.6

Queries

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

Next release date: 3 December 2021

Give your feedback

Was this page useful?
Yes
No
Add your details...