Consolidated worldwide claims - 2024 Q2

This statistical release covers the consolidated worldwide external claims and unused commitments of UK-owned monetary financial institutions (excluding central banks) and their branches and subsidiaries worldwide.
Published on 20 September 2024

Key points

  • UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported a decrease in consolidated external claims on an ultimate risk basis of $33.7 billion during 2024 Q2, to a level of $4,510.0 billion.
  • By sector, the largest decrease in claims was on the deposit-taking corporations sector, down by $40.4 billion to a level of $632.8 billion.
  • By region, the largest decrease in claims was on Developed Countries, down $37.6 billion to a level of $2,744.4 billion.

Table A: Regional breakdown of external claims of UK-owned monetary financial institutions (US$ billions) - Q2 2024

External claims on:

Developed Countries

Offshore Centres

Developing Countries:

Total

Europe

Latin America & Caribbean

Africa & Middle East

Asia & Pacific

Immediate borrower

2,738.1

845.2

25.1

87.1

177.1

575.1

4,528.9

Net risk transfers

6.4

-43.6

-0.6

0.5

-10.6

27.4

-18.9

Ultimate risk basis

2,744.4

801.6

24.5

87.7

166.5

602.5

4,510.0

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

Chart 3: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Developed Countries - 2024 Q2

Chart 4: Changes in consolidated external claims on an ultimate risk basis by country for Developed Countries - 2024 Q2 (5 largest increases/decreases)

Table B: Changes in external claims on an ultimate risk basis: Developed Countries (US$ billions) - Q2 2024

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

United States

46.6

43.0

3.6

2.3

26.4

5.8

10.4

1.7

Netherlands

5.6

2.2

3.3

1.8

3.0

0.3

0.2

0.3

Australia

4.0

1.4

2.7

1.3

-0.6

1.4

0.7

1.2

Ireland

2.1

1.9

0.2

-0.1

0.3

0.2

2.0

-0.2

Denmark

1.5

1.5

0.0

1.2

0.1

-0.4

0.7

0.0

Largest decreases

Belgium

-2.2

-2.2

0.0

-2.0

-0.6

-0.2

0.5

0.0

Canada

-9.6

-9.7

0.1

-11.2

0.9

0.4

0.3

0.0

Germany

-16.0

-11.4

-4.7

-13.4

-1.4

0.6

-1.8

0.0

Japan

-28.9

-13.1

-15.8

-8.2

-12.9

-5.4

-2.4

0.0

France

-34.5

-14.3

-20.1

-15.0

-16.2

-0.2

-2.9

-0.1

Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) End - Q2 2024

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

United States

1,490.6

853.7

636.9

55.0

441.6

756.1

185.0

52.9

Netherlands

63.5

32.7

30.8

15.9

10.5

10.2

14.5

12.2

Australia

89.1

34.5

54.6

14.9

14.6

18.5

18.0

23.1

Ireland

43.3

38.6

4.6

1.6

1.3

23.8

14.4

2.2

Denmark

10.6

10.5

0.1

3.8

1.4

2.2

3.2

0.0

Largest decreases

Belgium

10.0

8.9

1.1

3.7

2.0

0.7

3.5

0.1

Canada

66.1

65.2

0.9

28.1

23.6

12.5

1.4

0.5

Germany

214.3

100.1

114.2

57.7

128.3

12.3

14.5

1.5

Japan

205.1

91.6

113.5

26.8

64.2

83.3

30.3

0.4

France

345.1

195.7

149.4

155.3

133.0

20.8

26.4

9.7

Consolidated external claims: Offshore Centres

Chart 5: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Offshore Centres - 2024 Q2

Chart 6: Changes in consolidated external claims on an ultimate risk basis by country for Offshore Centres - 2024 Q2 (5 largest increases/decreases)

Table D: Changes in external claims on an ultimate risk basis: Offshore Centres (US$ billions) - Q2 2024

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

Cayman Islands

2.6

2.8

-0.2

-0.1

0.0

3.4

-0.9

0.1

Jersey

2.0

2.3

-0.3

-0.1

0.1

1.8

0.2

0.0

Mauritius

0.7

0.6

0.1

0.2

0.1

0.4

0.0

0.0

Guernsey

0.2

0.0

0.2

0.0

0.0

0.3

-0.1

0.0

West Indies UK

0.2

0.2

0.0

0.0

0.0

0.4

-0.2

0.0

Largest decreases

Macao

-0.2

0.1

-0.3

0.0

0.0

0.0

-0.3

0.0

Bahrain

-0.4

-0.1

-0.3

-0.2

-0.4

0.1

0.1

0.0

Bermuda

-0.5

-0.4

-0.1

0.0

0.0

-0.2

-0.2

0.0

Hong Kong

-8.6

-6.5

-2.1

0.0

-2.5

-8.5

1.9

0.5

Singapore

-10.3

-1.1

-9.2

-1.1

-10.6

0.0

1.9

-0.5

Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) End - Q2 2024

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

Cayman Islands

60.7

60.6

0.1

0.4

0.0

55.9

3.9

0.5

Jersey

38.0

33.4

4.6

1.0

0.3

25.9

6.4

4.5

Mauritius

5.0

3.9

1.2

1.0

0.5

1.7

1.7

0.1

Guernsey

11.9

8.3

3.6

0.3

0.0

6.4

2.8

2.3

West Indies UK

4.9

4.8

0.1

0.0

0.0

1.5

3.2

0.2

Largest decreases

Macao

3.6

0.8

2.8

0.4

0.6

0.0

1.3

1.2

Bahrain

7.3

3.5

3.7

2.3

1.7

0.3

1.9

1.1

Bermuda

7.6

5.2

2.4

0.1

0.7

3.7

1.8

1.5

Hong Kong

486.8

41.8

445.0

9.2

132.6

58.8

118.5

167.8

Singapore

167.9

46.2

121.8

12.2

74.1

19.0

26.1

36.4

Consolidated external claims: Developing Countries

Chart 7: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Developing Countries - 2024 Q2

Chart 8: Changes in consolidated external claims on an ultimate risk basis by country for Developing Countries - 2024 Q2 (5 largest increases/decreases)

Table F: Changes in external claims on an ultimate risk basis: Developing Countries (US$ billions) - Q2 2024

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

Brazil

8.1

8.0

0.1

0.6

6.7

0.6

0.2

0.0

China

2.9

4.5

-1.7

2.2

0.3

3.3

-2.3

-0.6

Turkey

2.4

2.1

0.3

1.0

1.3

0.1

0.0

0.0

Saudi Arabia

2.2

2.4

-0.1

-0.6

0.8

2.6

-0.8

0.1

Qatar

1.0

0.9

0.1

0.4

0.9

-0.1

-0.2

0.0

Largest decreases

South Korea

-0.8

1.3

-2.1

0.1

2.1

0.0

-1.3

-1.7

Bangladesh

-1.0

-0.1

-0.9

-0.2

-0.5

0.0

-0.2

0.0

Taiwan

-1.4

-1.3

0.0

-1.8

-1.2

0.1

1.3

0.2

Czech Republic

-1.9

-1.5

-0.4

0.0

-1.9

0.0

0.0

0.0

Mexico

-3.6

-0.4

-3.2

-0.1

-0.9

-0.6

-0.8

-1.2

Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) End - Q2 2024

Total

of which by origin:

of which by sector:

Cross-border

Local

DTC

Public Sector

OFC

NFC

HH

Largest increases

Brazil

32.3

30.8

1.5

6.0

20.9

2.7

2.6

0.1

China

265.9

139.6

126.2

70.0

79.6

29.6

71.0

15.7

Turkey

14.3

10.1

4.2

7.3

3.2

0.4

3.2

0.2

Saudi Arabia

26.8

25.8

1.0

6.9

5.0

10.1

3.5

1.4

Qatar

25.0

19.6

5.4

12.6

5.3

2.7

3.6

0.8

Largest decreases

South Korea

85.4

30.3

55.0

11.9

29.7

6.5

17.8

19.5

Bangladesh

8.9

1.5

7.4

1.3

1.8

0.2

4.9

0.7

Taiwan

54.0

19.9

34.1

9.0

11.7

6.5

11.8

15.0

Czech Republic

2.0

1.1

1.0

0.1

1.5

0.1

0.3

0.0

Mexico

43.7

2.9

40.8

1.0

14.7

1.6

12.0

14.3

Queries

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

Next release date: 20 December 2024

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