External business of Monetary Financial Institutions operating in the UK - 2022 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 02 September 2022

Key points

  • Adjusted for exchange rate movements, external liabilities increased by $79.5 billion during 2022 Q2. The largest increases in liabilities were to International Organisations and Other, and Offshore Centres, with the largest increases to Offshore Centres against Hong Kong and Cayman Islands.
  • Adjusted for exchange rate movements, external claims increased by $94.3 billion during 2022 Q2. The largest increase in claims was on Developed Countries, with the largest increases on France, Japan and the United States.

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 2022

Liabilities to:

2021

 2022

 

 

Developed countries

74.8

133.5

8.6

3,314.0

Offshore centres

50.1

34.6

34.7

757.0

Developing countries

3.0

29.1

- 6.2

573.8

International Organisations & Other

36.8

- 32.8

42.4

944.6

Total

164.7

164.5

79.5

5,589.4

Claims on:

Developed countries

94.7

194.2

79.8

4,128.4

Offshore centres

- 2.5

21.4

- 11.7

556.9

Developing countries

35.3

- 7.4

- 6.7

437.4

International Organisations & Other

- 2.4

28.4

32.9

204.9

Total

125.1

236.6

94.3

5,327.6

Chart 1: Exchange rate adjusted flows of liabilities by counterpart sector and region 2022 Q2 (US$ billions)

Chart 2: Exchange rate adjusted flows of claims by counterpart sector and region 2022 Q2 (US$ billions)

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

Exchange rate adjusted flows vis-à-vis Developed Countries – 2022 Q2

(US$ billions) - Not seasonally adjusted

Chart 3: Flows of liabilities by country (5 largest increases/decreases)

Chart 4: Flows of claims by country (5 largest increases/decreases)

Table B: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2022 Q2 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Japan

185.6

31.2

152.6

39.0

33.0

-7.8

Switzerland

214.5

15.2

140.3

9.4

74.2

5.8

Netherlands

174.3

11.7

63.8

-2.9

110.5

14.5

Canada

119.0

9.7

82.4

11.9

36.6

-2.1

United States

1,425.5

5.1

615.3

3.1

810.2

2.1

Largest flow decreases

Germany

349.3

-27.7

307.1

-16.7

42.2

-11.1

France

272.2

-24.6

214.1

-23.2

58.1

-1.4

Luxembourg

85.1

-8.0

14.5

-2.6

70.5

-5.5

Italy

25.7

-3.8

15.1

-0.4

10.6

-3.4

Belgium

56.8

-3.7

48.1

0.2

8.8

-3.9

Table C: Amounts outstanding and exchange rate adjusted flows of claims by country – 2022 Q2 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

France

512.8

26.1

457.9

35.3

55.0

-9.1

Japan

365.1

25.5

231.3

21.4

133.8

4.2

United States

1,505.1

21.9

612.9

37.8

892.3

-15.9

Canada

197.6

10.3

151.1

8.8

46.5

1.4

Germany

517.9

9.7

482.0

8.9

35.9

0.9

Largest flow decreases

Australia

78.8

-11.5

46.7

-2.6

32.1

-8.8

Ireland

180.8

-11.0

49.3

-12.9

131.5

1.9

Switzerland

234.4

-4.8

194.9

1.3

39.5

-6.2

Norway

39.5

-3.7

33.0

-3.4

6.5

-0.3

Sweden

34.9

-1.4

19.7

-1.5

15.2

0.1

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

Exchange rate adjusted flows vis-à-vis Offshore Centres – 2022 Q2

(US$ billions) - Not seasonally adjusted

Chart 5: Flows of liabilities by country (5 largest increases/decreases)

Chart 6: Flows of claims by country (5 largest increases/decreases)


Table D: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2022 Q2 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Hong Kong

145.0

11.8

78.3

7.4

66.7

4.4

Cayman Islands

179.3

9.4

21.7

7.7

157.6

1.7

Guernsey

59.0

5.4

49.4

3.1

9.7

2.3

Barbados

13.9

2.9

13.2

3.0

0.7

-0.2

Jersey

127.2

2.5

97.9

-0.6

29.3

3.0

Largest flow decreases

Lebanon

2.3

-1.0

1.5

-1.0

0.8

0.0

Curacao

1.5

-0.7

1.0

0.1

0.6

-0.8

Bermuda

26.4

-0.3

15.8

0.2

10.5

-0.6

No other decreases greater than $0.1 bn

Table E: Amounts outstanding and exchange rate adjusted flows of claims by country – 2022 Q2 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Jersey

73.5

5.5

10.9

0.2

62.6

5.3

Hong Kong

105.9

4.8

44.7

2.1

61.2

2.7

Mauritius

4.7

1.1

2.1

0.5

2.6

0.6

Curacao

3.7

0.2

3.5

0.2

0.2

0.0

Lebanon

0.3

0.2

0.0

0.0

0.3

0.2

Largest flow decreases

Cayman Islands

191.3

-17.2

76.8

-21.4

114.6

4.2

Singapore

111.5

-3.1

77.3

0.5

34.2

-3.6

West Indies UK

16.7

-1.9

0.0

0.0

16.7

-1.9

Bermuda

9.1

-0.5

0.1

0.1

9.0

-0.6

Guernsey

17.8

-0.5

0.8

-0.1

17.1

-0.4

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

Exchange rate adjusted flows vis-à-vis Developing Countries – 2022 Q2

(US$ billions) - Not seasonally adjusted

Chart 7: Flows of liabilities by country (5 largest increases/decreases)


Chart 8: Flows of claims by country (5 largest increases/decreases)


Table F: Amounts outstanding and exchange rate adjusted flows of liabilities by country – 2022 Q2 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Saudi Arabia

90.5

9.8

53.1

11.7

37.3

-1.8

United Arab Emirates

42.9

4.8

26.9

5.7

16.0

-0.9

Turkey

12.8

3.2

9.0

2.5

3.7

0.7

Israel

10.9

2.4

5.8

1.2

5.2

1.2

Nigeria

21.6

1.8

15.5

1.8

6.1

0.0

Largest flow decreases

Brazil

4.3

-13.0

0.8

-12.7

3.6

-0.2

China

119.6

-5.9

112.6

-5.6

7.0

-0.3

India

40.2

-1.8

36.9

-1.9

3.3

0.1

Taiwan

19.1

-1.8

8.8

0.4

10.3

-2.2

Russia

7.4

-1.7

5.4

-1.1

2.1

-0.6


Table G: Amounts outstanding and exchange rate adjusted flows of claims by country – 2022 Q2 (US$ billions)

 

 

Total

DTC

Non-DTC

 

 

Amounts outstanding

Flow

Amounts outstanding

Flow

Amounts outstanding

Flow

Largest flow increases

Saudi Arabia

34.2

3.6

6.4

0.3

27.8

3.4

China

49.6

1.8

39.6

2.2

10.0

-0.4

Czech Republic

9.2

1.3

8.6

1.6

0.7

-0.3

Qatar

60.1

1.3

41.3

-0.1

18.7

1.4

Peru

1.8

1.2

1.3

1.2

0.5

0.0

Largest flow decreases

Brazil

13.3

-12.7

3.0

-12.9

10.3

0.2

South Africa

11.6

-1.9

6.2

1.7

5.4

-3.6

Israel

12.5

-1.7

7.4

-1.8

5.1

0.1

Ghana

4.1

-1.7

2.2

-1.1

2.0

-0.6

Egypt

9.3

-1.1

4.3

-0.4

5.0

-0.7

Queries

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

Next release date: 2 December 2022

More information

Further data are available in Tables C3.1, C3.2, C3.3 and C3.4 of our latest Bankstats tables.

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