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 $50.1 billion during 2022 Q1, to a level of $4,243.0 billion.
- By sector, the largest increase was on the other financial corporations sector, up by $55.3 billion to a level of $1,031.7 billion.
- By region, the largest increase in claims was on Developed Countries, up $46.7 billion to a level of $2,534.5 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q1 2022
US$ billions
Not seasonally adjusted
External claims on: | ||||||||
|---|---|---|---|---|---|---|---|---|
Developed Countries | Offshore Centres | Developing countries: | Total | |||||
Europe | Latin America & Caribbean | Africa & Middle East | Asia & Pacific | |||||
Immediate Borrower | 2,509.5 | 828.5 | 25.2 | 70.1 | 167.9 | 577.4 | 4,246.4 | |
Net Risk Transfers | 25.0 | -37.5 | -0.6 | -0.9 | -8.8 | 18.6 | -3.4 | |
Ultimate Risk | 2,534.5 | 791.0 | 24.6 | 69.2 | 159.1 | 596.0 | 4,243.0 | |
Chart 1: Changes in external claims on an ultimate risk basis by region and origin of claim
Chart 2: External claims on an ultimate risk basis analysed by country share
Consolidated external claims: Developed Countries
Changes in consolidated external claims on an ultimate risk basis on Developed Countries, by counterpart sector and by debtor country – Q1 2022
US$ billions
Not seasonally adjusted
Chart 3: Changes in consolidated claims by counterpart sector
Chart 4: Changes in consolidated claims by country (5 largest increases/decreases)
Table B: Changes in external claims on an ultimate risk basis: Developed Countries (US$ billions) – Q1 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | France | 49.6 |
| 31.9 |
| 17.7 |
| 28.5 |
| 20.3 | 7.8 |
| -6.6 |
| -0.4 |
|
United States | 20.2 |
| -12.9 |
| 33.1 |
| 5.1 |
| 2.8 | 53.6 |
| -40.5 |
| -0.7 |
| |
Germany | 8.9 |
| 1.2 |
| 7.7 |
| 9.8 |
| 7.4 | -2.5 |
| -5.8 |
| 0.0 |
| |
Australia | 5.6 |
| 1.0 |
| 4.6 |
| 0.1 |
| 1.2 | 0.8 |
| 1.2 |
| 2.3 |
| |
Luxembourg | 4.9 |
| 4.9 |
| 0.0 |
| 1.0 |
| -0.8 | 3.0 |
| 1.8 |
| -0.2 |
| |
Largest decreases | Switzerland | -24.2 |
| -6.4 |
| -17.7 |
| -0.6 |
| -17.5 | -1.4 |
| -4.6 |
| -0.1 |
|
Japan | -21.8 |
| -10.0 |
| -11.8 |
| -5.1 |
| -8.3 | 0.0 |
| -8.3 |
| -0.1 |
| |
Netherlands | -1.9 |
| -1.0 |
| -0.9 |
| 0.9 |
| -1.8 | -0.8 |
| -1.0 |
| 0.8 |
| |
Norway | -1.4 |
| -1.4 |
| 0.0 |
| -1.2 |
| 0.4 | 0.1 |
| -0.7 |
| 0.0 |
| |
Sweden | -1.4 |
| -1.2 |
| -0.1 |
| 0.5 |
| -1.0 | 0.1 |
| -1.0 |
| 0.0 |
| |
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - End-Q1 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | France | 388.3 |
| 196.2 |
| 192.2 |
| 156.1 |
| 148.4 | 37.2 |
| 21.5 |
| 25.2 |
|
United States | 1,177.4 |
| 647.7 |
| 529.7 |
| 54.8 |
| 334.3 | 633.4 |
| 114.4 |
| 40.4 |
| |
Germany | 212.8 |
| 91.7 |
| 121.1 |
| 58.1 |
| 129.6 | 10.4 |
| 9.5 |
| 5.2 |
| |
Australia | 81.4 |
| 33.6 |
| 47.7 |
| 15.2 |
| 17.5 | 10.4 |
| 15.7 |
| 22.7 |
| |
Luxembourg | 45.1 |
| 30.4 |
| 14.7 |
| 3.7 |
| 10.1 | 19.8 |
| 10.0 |
| 1.6 |
| |
Largest decreases | Switzerland | 55.0 |
| 21.5 |
| 33.5 |
| 6.5 |
| 37.1 | 1.8 |
| 4.4 |
| 5.2 |
|
Japan | 196.2 |
| 81.1 |
| 115.1 |
| 60.9 |
| 60.2 | 66.6 |
| 8.1 |
| 0.4 |
| |
Netherlands | 57.2 |
| 37.8 |
| 19.5 |
| 15.3 |
| 5.3 | 16.3 |
| 13.7 |
| 6.7 |
| |
Norway | 6.9 |
| 6.9 |
| 0.0 |
| 0.6 |
| 3.4 | 2.0 |
| 0.9 |
| 0.0 |
| |
Sweden | 11.1 |
| 11.0 |
| 0.1 |
| 2.5 |
| 2.1 | 5.1 |
| 1.4 |
| 0.1 |
| |
Consolidated external claims: Offshore Centres
Changes in consolidated external claims on an ultimate risk basis on Offshore Centres, by counterpart sector and by debtor country – Q1 2022
US$ billions
Not seasonally adjusted
Chart 5: Changes in consolidated claims by counterpart sector
Chart 6: Changes in consolidated claims by country (5 largest increases/decreases)
Table D: Changes in external claims on an ultimate risk basis: Offshore Centres (US$ billions) – Q1 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Hong Kong | 21.6 |
| 3.8 |
| 17.8 |
| 2.9 |
| 15.4 | 1.7 |
| 0.1 |
| 1.4 |
|
Singapore | 1.4 |
| 2.8 |
| -1.4 |
| 2.7 |
| -1.7 | -1.2 |
| 0.8 |
| 0.8 |
| |
Jersey | 1.1 |
| 1.5 |
| -0.3 |
| 0.2 |
| 0.0 | 0.4 |
| 0.5 |
| 0.1 |
| |
Bermuda | 0.8 |
| 0.1 |
| 0.6 |
| 0.1 |
| 0.6 | 0.5 |
| -0.3 |
| 0.0 |
| |
Mauritius | 0.1 |
| 0.0 |
| 0.1 |
| 0.1 |
| -0.1 | -0.1 |
| 0.2 |
| 0.0 |
| |
Largest decreases | Cayman Islands | -7.7 |
| -7.8 |
| 0.2 |
| 0.0 |
| 0.0 | -7.8 |
| 0.2 |
| -0.1 |
|
West Indies UK | -1.0 |
| -1.1 |
| 0.1 |
| 0.0 |
| 0.0 | -0.1 |
| -0.8 |
| -0.1 |
| |
Macao | -0.4 |
| -0.4 |
| 0.0 |
| -0.4 |
| -0.1 | 0.0 |
| 0.1 |
| 0.0 |
| |
Guernsey | -0.3 |
| -0.1 |
| -0.2 |
| 0.0 |
| -0.1 | 0.5 |
| -0.6 |
| -0.1 |
| |
Panama | -0.3 |
| -0.3 |
| 0.0 |
| 0.0 |
| -0.2 | 0.0 |
| -0.1 |
| 0.0 |
| |
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - End-Q1 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Hong Kong | 514.6 |
| 39.8 |
| 474.8 |
| 12.9 |
| 142.4 | 40.6 |
| 153.4 |
| 165.3 |
|
Singapore | 152.3 |
| 41.7 |
| 110.6 |
| 10.0 |
| 65.8 | 11.3 |
| 29.6 |
| 35.6 |
| |
Jersey | 29.2 |
| 23.6 |
| 5.6 |
| 2.1 |
| 0.3 | 14.3 |
| 6.7 |
| 5.7 |
| |
Bermuda | 8.8 |
| 6.3 |
| 2.6 |
| 0.3 |
| 0.8 | 4.4 |
| 1.5 |
| 1.9 |
| |
Mauritius | 3.4 |
| 2.1 |
| 1.3 |
| 0.6 |
| 0.3 | 0.6 |
| 1.7 |
| 0.1 |
| |
Largest decreases | Cayman Islands | 45.5 |
| 45.1 |
| 0.3 |
| 0.4 |
| 0.0 | 39.9 |
| 3.8 |
| 1.4 |
|
West Indies UK | 5.0 |
| 4.8 |
| 0.1 |
| 0.0 |
| 0.0 | 0.6 |
| 2.8 |
| 1.5 |
| |
Macao | 4.3 |
| 0.8 |
| 3.4 |
| 0.3 |
| 0.5 | 0.0 |
| 2.2 |
| 1.3 |
| |
Guernsey | 13.1 |
| 8.4 |
| 4.7 |
| 0.3 |
| 0.1 | 6.1 |
| 4.1 |
| 2.6 |
| |
Panama | 1.2 |
| 1.2 |
| 0.0 |
| 0.2 |
| 0.1 | 0.0 |
| 0.6 |
| 0.2 |
| |
Consolidated external claims: Developing Countries
Changes in consolidated external claims on an ultimate risk basis on Developing Countries, by counterpart sector and by debtor country – Q1 2022
US$ billions
Not seasonally adjusted
Chart 7: Changes in consolidated claims by counterpart sector
Chart 8: Changes in consolidated claims by country (5 largest increases/decreases)
Table F: Changes in external claims on an ultimate risk basis: Developing Countries (US$ billions) – Q1 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Czech Republic | 2.6 |
| 4.9 |
| -2.3 |
| 0.1 |
| 3.0 | -0.2 |
| -0.2 |
| 0.0 |
|
Mexico | 2.4 |
| 0.4 |
| 2.1 |
| -0.2 |
| 1.5 | 0.6 |
| -0.1 |
| 0.6 |
| |
United Arab Emirates | 2.1 |
| 1.9 |
| 0.3 |
| 1.9 |
| -0.1 | 0.8 |
| -0.2 |
| -0.2 |
| |
South Africa | 1.7 |
| 0.7 |
| 1.0 |
| 0.6 |
| 0.2 | 0.7 |
| 0.2 |
| 0.0 |
| |
Chile | 0.9 |
| 0.3 |
| 0.5 |
| 0.1 |
| 0.5 | 0.1 |
| 0.1 |
| 0.0 |
| |
Largest decreases | China | -7.6 |
| -10.4 |
| 2.8 |
| -1.4 |
| -5.3 | -1.1 |
| 0.4 |
| -0.3 |
|
Brazil | -6.2 |
| -6.6 |
| 0.5 |
| -0.3 |
| -7.3 | 0.5 |
| 1.0 |
| 0.0 |
| |
India | -5.7 |
| -4.3 |
| -1.4 |
| -1.4 |
| -4.0 | 0.4 |
| -0.9 |
| 0.1 |
| |
Israel | -3.5 |
| -3.3 |
| -0.3 |
| 0.9 |
| -4.3 | -0.1 |
| 0.0 |
| 0.0 |
| |
Egypt | -1.6 |
| -1.0 |
| -0.6 |
| -0.2 |
| -1.3 | -0.1 |
| 0.0 |
| 0.0 |
| |
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - End-Q1 2022
|
|
|
| of which by origin: |
| of which by sector: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
| Total |
| Cross-border |
| Local |
| DTC |
| Public sector | OFC |
| NFC |
| HH |
|
Largest increases | Czech Republic | 8.3 |
| 7.0 |
| 1.3 |
| 0.0 |
| 7.7 | 0.0 |
| 0.5 |
| 0.0 |
|
Mexico | 34.2 |
| 2.9 |
| 31.3 |
| 2.3 |
| 9.7 | 1.9 |
| 10.8 |
| 9.5 |
| |
United Arab Emirates | 55.5 |
| 20.2 |
| 35.3 |
| 12.0 |
| 14.8 | 1.8 |
| 18.2 |
| 8.6 |
| |
South Africa | 11.4 |
| 4.4 |
| 6.9 |
| 3.2 |
| 3.2 | 2.5 |
| 2.1 |
| 0.3 |
| |
Chile | 2.6 |
| 1.4 |
| 1.2 |
| 0.8 |
| 1.1 | 0.2 |
| 0.5 |
| 0.0 |
| |
Largest decreases | China | 247.2 |
| 109.5 |
| 137.7 |
| 43.5 |
| 73.4 | 23.5 |
| 85.2 |
| 21.6 |
|
Brazil | 23.9 |
| 21.8 |
| 2.0 |
| 3.6 |
| 16.2 | 1.2 |
| 2.7 |
| 0.1 |
| |
India | 76.9 |
| 15.6 |
| 61.3 |
| 7.7 |
| 26.1 | 9.4 |
| 26.7 |
| 7.1 |
| |
Israel | 7.9 |
| 6.0 |
| 1.9 |
| 2.4 |
| 4.4 | 0.2 |
| 0.6 |
| 0.3 |
| |
Egypt | 10.2 |
| 3.6 |
| 6.5 |
| 0.6 |
| 6.7 | 0.1 |
| 2.2 |
| 0.5 |
| |
Queries
If you have any comments or queries about this release, please contact dsd_ibs@bankofengland.co.uk.
Next release date: 16 September 2022
