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 $128.8 billion during 2023 Q4, to a level of $4,501.5 billion.
- By sector, the largest increase in claims was on the other financial corporations sector, up by $69.1 billion to a level of $1,174.6 billion.
- By region, the largest increase in claims was on Developed Countries, up $64.5 billion to a level of $2,775.0 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - End-Q4 2023
US$ 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 |
2,768.2 |
841.4 |
25.8 |
78.2 |
166.0 |
575.2 |
4,523.9 |
|
Net risk transfers |
6.8 |
-42.8 |
-0.8 |
0.4 |
-10.6 |
23.3 |
-22.4 |
|
Ultimate risk basis |
2,775.0 |
798.6 |
25.1 |
78.6 |
155.4 |
598.4 |
4,501.5 |
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 - Q4 2023
US$ billions
Not seasonally adjusted
Table B: Changes in external claims on an ultimate risk basis: Developed Countries (US$ billions) - Q4 2023
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United States |
23.7 |
51.3 |
-27.5 |
-3.7 |
-9.5 |
10.4 |
24.3 |
2.2 |
|
Japan |
22.8 |
14.6 |
8.2 |
0.4 |
-6.1 |
18.1 |
10.5 |
0.0 |
|
|
Germany |
10.5 |
19.1 |
-8.6 |
9.4 |
-0.7 |
0.4 |
5.1 |
-3.8 |
|
|
Canada |
5.8 |
0.9 |
4.8 |
-2.1 |
4.4 |
2.2 |
0.7 |
0.6 |
|
|
Ireland |
5.0 |
5.4 |
-0.4 |
0.5 |
-0.1 |
3.3 |
1.7 |
-0.4 |
|
|
Largest decreases |
France |
-1.2 |
-1.4 |
0.2 |
-1.9 |
-1.3 |
-3.1 |
4.4 |
0.7 |
|
Finland |
-1.4 |
-1.4 |
0.0 |
-1.5 |
-0.3 |
0.1 |
0.3 |
0.0 |
|
|
Belgium |
-1.7 |
-1.6 |
0.0 |
-1.5 |
-0.4 |
0.1 |
0.1 |
0.0 |
|
|
Netherlands |
-2.7 |
-0.2 |
-2.5 |
-1.2 |
-6.0 |
1.7 |
2.0 |
0.9 |
|
|
Luxembourg |
-3.4 |
-1.0 |
-2.4 |
-2.6 |
-3.0 |
2.1 |
0.2 |
-0.1 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) End - Q4 2023
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United States |
1,345.7 |
786.9 |
558.8 |
43.2 |
396.7 |
689.4 |
164.1 |
52.3 |
|
Japan |
248.8 |
104.6 |
144.2 |
38.3 |
81.1 |
105.3 |
23.7 |
0.4 |
|
|
Germany |
231.7 |
117.3 |
114.3 |
74.8 |
128.6 |
11.5 |
15.3 |
1.5 |
|
|
Canada |
145.6 |
65.6 |
80.0 |
31.0 |
40.0 |
17.2 |
29.5 |
27.9 |
|
|
Ireland |
43.8 |
39.0 |
4.9 |
1.8 |
1.4 |
23.5 |
14.7 |
2.5 |
|
|
Largest decreases |
France |
389.4 |
202.4 |
187.0 |
166.2 |
152.8 |
19.1 |
29.9 |
21.5 |
|
Finland |
5.3 |
4.9 |
0.4 |
2.4 |
1.5 |
0.5 |
0.9 |
0.0 |
|
|
Belgium |
8.8 |
8.0 |
0.8 |
2.4 |
2.1 |
1.1 |
3.1 |
0.1 |
|
|
Netherlands |
56.9 |
30.2 |
26.7 |
14.1 |
5.7 |
10.5 |
15.0 |
11.6 |
|
|
Luxembourg |
56.2 |
39.1 |
17.1 |
5.1 |
12.0 |
29.3 |
8.8 |
1.0 |
|
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 - Q4 2023
US$ billions
Not seasonally adjusted
Table D: Changes in external claims on an ultimate risk basis: Offshore Centres (US$ billions) - Q4 2023
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
Cayman Islands |
17.1 |
17.3 |
-0.2 |
0.0 |
0.0 |
16.7 |
0.4 |
0.0 |
|
Singapore |
5.9 |
-2.5 |
8.4 |
-4.3 |
6.8 |
0.1 |
2.1 |
1.1 |
|
|
Jersey |
5.8 |
5.8 |
0.1 |
0.1 |
0.1 |
6.2 |
-0.5 |
-0.1 |
|
|
Bermuda |
1.0 |
0.9 |
0.0 |
0.1 |
0.0 |
0.8 |
0.2 |
0.0 |
|
|
Mauritius |
0.1 |
0.2 |
0.0 |
0.1 |
0.0 |
0.8 |
-0.8 |
0.0 |
|
|
Largest decreases |
West Indies UK |
-0.3 |
-0.3 |
0.0 |
-0.1 |
0.0 |
0.1 |
-0.3 |
-0.1 |
|
Guernsey |
-0.5 |
-0.5 |
0.0 |
0.1 |
0.0 |
-0.2 |
-0.4 |
0.0 |
|
|
Bahrain |
-0.6 |
-0.3 |
-0.3 |
-0.6 |
0.1 |
0.0 |
-0.1 |
0.0 |
|
|
Macao |
-0.8 |
-0.7 |
-0.2 |
-0.6 |
0.0 |
0.0 |
-0.2 |
0.0 |
|
|
Hong Kong |
-6.4 |
-2.1 |
-4.4 |
-0.2 |
-3.3 |
-1.1 |
-2.7 |
0.9 |
|
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) End - Q4 2023
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
Cayman Islands |
55.6 |
55.5 |
0.2 |
0.6 |
0.0 |
51.2 |
3.6 |
0.4 |
|
Singapore |
161.9 |
39.6 |
122.3 |
11.6 |
75.2 |
13.9 |
23.7 |
37.5 |
|
|
Jersey |
35.6 |
30.8 |
4.8 |
1.2 |
0.3 |
23.7 |
5.9 |
4.5 |
|
|
Bermuda |
9.3 |
6.3 |
2.9 |
0.2 |
1.1 |
4.7 |
1.7 |
1.6 |
|
|
Mauritius |
4.8 |
3.5 |
1.2 |
1.3 |
0.4 |
1.2 |
1.7 |
0.2 |
|
|
Largest decreases |
West Indies UK |
4.0 |
3.9 |
0.1 |
0.0 |
0.0 |
0.9 |
3.0 |
0.1 |
|
Guernsey |
11.4 |
7.8 |
3.5 |
0.3 |
0.0 |
5.7 |
2.9 |
2.4 |
|
|
Bahrain |
8.9 |
5.2 |
3.7 |
4.0 |
2.0 |
0.2 |
1.5 |
1.1 |
|
|
Macao |
4.2 |
1.0 |
3.3 |
0.7 |
0.6 |
0.0 |
1.7 |
1.2 |
|
|
Hong Kong |
494.9 |
39.7 |
455.2 |
10.5 |
137.6 |
58.2 |
119.0 |
169.5 |
|
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 - Q4 2023
US$ billions
Not seasonally adjusted
Table F: Changes in external claims on an ultimate risk basis: Developing Countries (US$ billions) - Q4 2023
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
China |
16.1 |
16.3 |
-0.2 |
9.2 |
8.9 |
-0.5 |
-1.6 |
0.1 |
|
Brazil |
7.9 |
8.1 |
-0.2 |
1.2 |
6.8 |
0.0 |
-0.1 |
0.0 |
|
|
Saudi Arabia |
6.9 |
6.6 |
0.2 |
1.7 |
2.5 |
1.8 |
0.9 |
0.0 |
|
|
United Arab Emirates |
3.7 |
2.7 |
1.0 |
0.2 |
0.3 |
2.0 |
0.6 |
0.5 |
|
|
Poland |
2.7 |
2.4 |
0.3 |
0.0 |
2.5 |
0.0 |
0.1 |
0.0 |
|
|
Largest decreases |
Oman |
-0.3 |
-0.3 |
0.0 |
-0.2 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Bangladesh |
-0.3 |
-0.4 |
0.0 |
-0.3 |
0.2 |
0.0 |
-0.3 |
0.0 |
|
|
Czech Republic |
-0.9 |
-1.9 |
1.1 |
0.0 |
-0.7 |
0.0 |
-0.1 |
0.0 |
|
|
Argentina |
-1.0 |
0.0 |
-1.0 |
0.1 |
-0.5 |
0.0 |
-0.3 |
-0.2 |
|
|
Israel |
-1.6 |
-0.4 |
-1.3 |
0.5 |
-2.3 |
0.1 |
0.0 |
0.0 |
|
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) End - Q4 2023
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
China |
264.1 |
133.0 |
131.1 |
62.5 |
84.3 |
25.0 |
75.5 |
16.9 |
|
Brazil |
24.8 |
23.4 |
1.3 |
5.5 |
15.7 |
1.5 |
2.0 |
0.1 |
|
|
Saudi Arabia |
28.5 |
27.5 |
1.0 |
8.7 |
4.5 |
9.8 |
4.3 |
1.2 |
|
|
United Arab Emirates |
55.0 |
20.0 |
35.1 |
11.1 |
13.5 |
4.2 |
17.7 |
8.6 |
|
|
Poland |
7.9 |
7.1 |
0.8 |
0.3 |
6.2 |
0.1 |
1.1 |
0.1 |
|
|
Largest decreases |
Oman |
1.5 |
1.1 |
0.4 |
0.3 |
0.4 |
0.0 |
0.6 |
0.1 |
|
Bangladesh |
10.4 |
1.6 |
8.8 |
1.3 |
2.8 |
0.2 |
5.4 |
0.7 |
|
|
Czech Republic |
4.1 |
1.9 |
2.2 |
0.0 |
3.7 |
0.1 |
0.4 |
0.0 |
|
|
Argentina |
3.7 |
0.2 |
3.5 |
0.1 |
2.5 |
0.0 |
0.7 |
0.4 |
|
|
Israel |
6.4 |
5.2 |
1.2 |
3.1 |
2.1 |
0.2 |
0.7 |
0.3 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.gsi.gov.uk
Next release date: 21 June 2024
