External business of Monetary Financial Institutions operating in the UK - 2021 Q3

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 December 2021

Key points

  • Adjusted for exchange rate movements, external liabilities increased by $15.4 billion during 2021 Q3. The largest increase in liabilities was to Developing Countries, with the largest increase to Qatar.
  • Adjusted for exchange rate movements, external claims increased by $37.3 billion during 2021 Q3. The largest increase in claims was on Offshore Centres, which was largely accounted for by the Cayman Islands.

Table A: Regional breakdown of external claims and liabilities

US$ billions - Not seasonally adjusted

Exchange rate adjusted flows

Amounts outstanding

Q1

Q2

Q3

End-Q3 2021

Liabilities to:

2021

 

 

 

 

Developed countries

43.5

- 98.2

- 16.6

3,265.6

Offshore centres

7.4

28.7

18.0

669.7

Developing countries

22.7

2.5

23.5

558.3

International Organisations & Other

- 3.3

1.6

- 9.4

1,017.2

Total

70.3

- 65.4

15.4

5,510.8

Claims on:

Developed countries

88.1

- 19.0

1.0

3,995.7

Offshore centres

22.9

- 3.1

21.2

572.8

Developing countries

- 4.1

- 8.9

- 0.5

427.2

International Organisations & Other

7.0

- 2.7

15.5

194.1

Total

113.9

- 33.7

37.3

5,189.9


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

Exchange rate adjusted flows vis-à-vis Developed Countries – 2021 Q3

(US$ billions) - Not seasonally adjusted

Table B: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2021 Q3

US$ billions – Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

Switzerland

195.0

16.2

 

138.8

13.0

 

56.2

3.2

United States

1,334.3

14.0

 

556.7

16.7

 

777.7

-2.7

France

296.8

10.0

 

234.2

-3.0

 

62.7

12.9

Japan

126.2

6.0

 

85.1

-1.7

 

41.1

7.7

Luxembourg

108.0

1.4

 

36.6

2.8

 

71.4

-1.4

Largest flow decreases

Germany

388.1

-25.4

 

331.1

-21.8

 

57.0

-3.6

Canada

118.2

-15.8

 

74.7

-12.4

 

43.5

-3.4

Australia

66.0

-9.3

 

39.0

-4.4

 

27.0

-4.8

Netherlands

176.2

-7.0

 

82.9

0.7

 

93.3

-7.8

Italy

33.1

-2.3

 

17.4

-1.8

 

15.7

-0.6

Table C: Amounts outstanding and exchange rate adjusted flows of claims by country – 2021 Q3

US$ billions – Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

United States

1,399.5

63.7

 

527.0

70.6

 

872.5

-6.8

Canada

164.4

15.4

 

117.3

13.0

 

47.1

2.4

Sweden

43.0

4.0

 

26.2

3.8

 

16.7

0.2

Netherlands

165.2

3.2

 

72.0

5.3

 

93.3

-2.1

Finland

16.9

3.2

 

9.0

3.9

 

7.8

-0.7

Largest flow decreases

Germany

519.5

-32.5

 

476.6

-32.6

 

42.9

0.1

France

505.3

-24.5

 

428.0

-30.9

 

77.3

6.5

Luxembourg

147.0

-11.7

 

29.2

-12.6

 

117.8

0.9

Japan

363.8

-10.7

 

232.8

-8.6

 

131.1

-2.1

Switzerland

215.8

-7.7

 

172.7

-11.3

 

43.2

3.6

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

Exchange rate adjusted flows vis-à-vis Offshore Centres – 2021 Q3

(US$ billions) - Not seasonally adjusted

Table D: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2021 Q3

US$ billions – Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

Singapore

106.6

17.3

 

76.3

11.0

 

30.3

6.4

Hong Kong

131.8

9.0

 

68.1

8.0

 

63.6

1.0

West Indies UK

18.5

1.1

 

0.1

0.0

 

18.4

1.2

Curacao

2.1

1.1

 

0.4

0.2

 

1.7

0.9

Barbados

8.1

0.8

 

7.1

0.5

 

1.1

0.3

Largest flow decreases

Cayman Islands

142.1

-7.8

 

11.2

-6.7

 

130.9

-1.0

Jersey

127.7

-2.9

 

98.2

-3.2

 

29.5

0.3

Bahamas

15.5

-1.5

 

11.5

-1.4

 

4.0

-0.1

Lebanon

4.5

-0.7

 

3.7

-0.6

 

0.8

-0.1

Macao

0.4

-0.3

 

0.3

-0.3

 

0.0

0.0

Table E: Amounts outstanding and exchange rate adjusted flows of claims by country – 2021 Q3

US$ billions – Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

Cayman Islands

205.7

16.7

 

92.8

21.4

 

113.0

-4.7

Hong Kong

110.4

7.2

 

47.7

4.1

 

62.7

3.1

Jersey

73.9

1.5

 

10.2

-1.1

 

63.8

2.6

Bahrain

8.1

0.6

 

6.0

0.5

 

2.0

0.1

Bermuda

10.5

0.4

 

0.0

0.0

 

10.5

0.4

Largest flow decreases

Singapore

98.6

-3.8

 

61.4

-7.9

 

37.1

4.1

Mauritius

3.2

-1.2

 

0.9

0.2

 

2.4

-1.5

Macao

3.0

-0.4

 

2.9

-0.4

 

0.1

0.1

Panama

2.0

-0.3

 

0.3

-0.2

 

1.7

-0.1

Guernsey

18.6

-0.1

 

1.8

-0.5

 

16.8

0.4

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

Exchange rate adjusted flows vis-à-vis Developing Countries – 2021 Q3

(US$ billions) - Not seasonally adjusted

Table F: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2021 Q3

US$ billions – Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

Qatar

30.5

8.3

 

7.8

-4.3

 

22.7

12.6

Saudi Arabia

76.7

4.6

 

46.2

4.1

 

30.5

0.5

Angola

7.7

3.4

 

2.5

1.1

 

5.2

2.4

Kazakhstan

8.8

2.8

 

6.7

2.4

 

2.1

0.4

India

36.5

2.3

 

33.4

2.2

 

3.1

0.1

Largest flow decreases

United Arab Emirates

41.8

-2.9

 

22.7

-0.9

 

19.1

-2.0

Russia

14.6

-1.2

 

9.6

-0.2

 

4.9

-1.0

South Africa

19.6

-1.2

 

12.8

-2.3

 

6.8

1.1

Kenya

1.8

-0.8

 

1.4

-0.8

 

0.4

0.0

Egypt

4.3

-0.5

 

2.2

-0.5

 

2.2

0.0

Table G: Amounts outstanding and exchange rate adjusted flows of claims by country – 2021 Q3

US$billions – Not seasonally adjusted

 

 

Total

 

DTC

 

Non-DTC

 

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

 

Amounts outstanding

Flow

Largest flow increases

China

58.1

3.0

 

45.3

2.2

 

12.8

0.8

South Korea

19.5

1.8

 

10.5

1.0

 

9.0

0.8

Egypt

17.3

1.8

 

5.9

2.0

 

11.4

-0.2

Russia

12.0

1.3

 

4.6

1.2

 

7.4

0.1

Saudi Arabia

28.0

1.2

 

6.3

0.4

 

21.7

0.8

Largest flow decreases

United Arab Emirates

55.8

-4.3

 

36.8

-0.1

 

19.0

-4.1

Qatar

52.2

-3.5

 

39.1

-3.2

 

13.1

-0.3

South Africa

11.8

-1.2

 

4.2

-0.5

 

7.6

-0.7

Brazil

16.0

-1.1

 

8.1

0.1

 

7.9

-1.2

Taiwan

11.4

-0.6

 

6.2

-0.8

 

5.3

0.2

Queries

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

Next release date: 4 March 2022

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