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 $273.3 billion during 2024 Q3, to a level of $4,783.3 billion.
- By sector, the largest increase in claims was on the Other Financial Corporations sector, up by $142.0 billion to a level of $1,392.3 billion.
- By region, the largest increase in claims was on Developed Countries, up $166.3 billion to a level of $2,910.8 billion.
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - Q3 2024 (US$ billions)
|
External claims on: |
|||||||
|---|---|---|---|---|---|---|---|
|
|
Developed Countries |
Offshore Centres |
Developing Countries: |
Total |
|||
|
Europe |
Latin America & Caribbean |
Africa & Middle East |
Asia & Pacific |
||||
|
Immediate borrower |
2,898.8 |
907.2 |
26.8 |
88.0 |
184.2 |
615.0 |
4,811.1 |
|
Net risk transfers |
12.0 |
-59.0 |
-0.8 |
-1.1 |
-8.5 |
28.2 |
-27.8 |
|
Ultimate risk basis |
2,910.8 |
848.2 |
26.0 |
86.9 |
175.7 |
643.3 |
4,783.3 |
Consolidated external claims: Developed Countries
Table B: Changes in external claims on an ultimate risk basis: Developed Countries (US$ billions) - Q3 2024
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United States |
80.2 |
88.1 |
-7.9 |
0.4 |
4.1 |
74.7 |
-2.0 |
3.1 |
|
France |
35.5 |
32.1 |
3.4 |
26.4 |
4.2 |
3.1 |
1.3 |
0.6 |
|
|
Japan |
33.4 |
14.2 |
19.2 |
12.1 |
2.6 |
17.1 |
1.4 |
0.2 |
|
|
Australia |
5.2 |
1.4 |
3.8 |
-0.4 |
0.9 |
1.6 |
1.6 |
1.5 |
|
|
Ireland |
4.6 |
5.3 |
-0.6 |
0.5 |
0.5 |
3.8 |
1.1 |
-1.4 |
|
|
Largest decreases |
Belgium |
-1.2 |
-1.2 |
0.0 |
-0.8 |
-0.4 |
0.1 |
0.0 |
0.0 |
|
Canada |
-1.5 |
-1.8 |
0.3 |
-1.7 |
-0.2 |
-0.5 |
0.8 |
0.0 |
|
|
Switzerland |
-1.5 |
0.8 |
-2.3 |
1.5 |
-4.6 |
0.4 |
0.7 |
0.5 |
|
|
Norway |
-2.2 |
-2.2 |
0.0 |
-1.9 |
-0.2 |
-0.1 |
-0.1 |
0.0 |
|
|
Germany |
-4.2 |
9.2 |
-13.4 |
4.0 |
-10.6 |
-0.1 |
2.4 |
0.1 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billions) - Q3 2024
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United States |
1,570.8 |
941.8 |
629.0 |
55.4 |
445.7 |
830.8 |
182.9 |
55.9 |
|
France |
380.6 |
227.8 |
152.8 |
181.7 |
137.1 |
23.9 |
27.7 |
10.2 |
|
|
Japan |
238.5 |
105.8 |
132.7 |
38.9 |
66.8 |
100.4 |
31.8 |
0.6 |
|
|
Australia |
94.3 |
35.9 |
58.4 |
14.5 |
15.5 |
20.1 |
19.6 |
24.5 |
|
|
Ireland |
47.9 |
43.9 |
4.0 |
2.2 |
1.8 |
27.6 |
15.5 |
0.8 |
|
|
Largest decreases |
Belgium |
8.8 |
7.8 |
1.1 |
2.8 |
1.6 |
0.8 |
3.5 |
0.1 |
|
Canada |
64.6 |
63.4 |
1.2 |
26.5 |
23.4 |
12.0 |
2.2 |
0.5 |
|
|
Switzerland |
40.7 |
32.7 |
8.0 |
6.9 |
11.4 |
4.1 |
12.4 |
6.0 |
|
|
Norway |
5.1 |
5.1 |
0.0 |
1.5 |
1.8 |
0.8 |
1.0 |
0.0 |
|
|
Germany |
210.1 |
109.3 |
100.8 |
61.7 |
117.6 |
12.2 |
16.9 |
1.6 |
|
Consolidated external claims: Offshore Centres
Table D: Changes in external claims on an ultimate risk basis: Offshore Centres (US$ billions) - Q3 2024
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
Singapore |
21.8 |
15.0 |
6.8 |
3.7 |
7.2 |
10.9 |
-1.3 |
1.2 |
|
Hong Kong |
20.0 |
8.0 |
11.9 |
-2.4 |
14.8 |
10.8 |
-4.7 |
1.4 |
|
|
Jersey |
5.6 |
5.4 |
0.2 |
0.4 |
0.0 |
4.2 |
0.4 |
0.6 |
|
|
Guernsey |
0.7 |
0.5 |
0.2 |
0.0 |
0.0 |
0.5 |
0.0 |
0.2 |
|
|
Bahrain |
0.6 |
0.3 |
0.3 |
0.4 |
0.4 |
0.0 |
-0.2 |
0.0 |
|
|
Largest decreases |
No other decreases greater than $0.1bn |
||||||||
|
Mauritius |
-1.0 |
-0.7 |
-0.3 |
-0.4 |
-0.2 |
-0.3 |
0.0 |
-0.1 |
|
|
Cayman Islands |
-2.2 |
-2.6 |
0.4 |
0.5 |
0.0 |
-3.0 |
0.1 |
0.2 |
|
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billions) - Q3 2024
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
Singapore |
189.7 |
61.2 |
128.5 |
16.0 |
81.4 |
29.9 |
24.8 |
37.6 |
|
Hong Kong |
506.8 |
49.8 |
456.9 |
6.8 |
147.4 |
69.6 |
113.7 |
169.2 |
|
|
Jersey |
43.6 |
38.8 |
4.8 |
1.3 |
0.4 |
30.0 |
6.8 |
5.0 |
|
|
Guernsey |
12.6 |
8.9 |
3.8 |
0.3 |
0.0 |
7.0 |
2.8 |
2.5 |
|
|
Bahrain |
7.8 |
3.8 |
4.0 |
2.7 |
2.0 |
0.2 |
1.7 |
1.1 |
|
|
Largest decreases |
No other decreases greater than $0.1bn |
||||||||
|
Mauritius |
4.0 |
3.2 |
0.8 |
0.6 |
0.2 |
1.4 |
1.7 |
0.0 |
|
|
Cayman Islands |
58.5 |
58.0 |
0.5 |
0.9 |
0.0 |
52.9 |
3.9 |
0.7 |
|
Consolidated external claims: Developing Countries
Table F: Changes in external claims on an ultimate risk basis: Developing Countries (US$ billions) - Q3 2024
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
China |
13.1 |
3.6 |
9.5 |
2.7 |
4.5 |
2.7 |
3.2 |
0.0 |
|
South Korea |
7.4 |
5.2 |
2.3 |
1.8 |
3.0 |
2.0 |
0.3 |
0.3 |
|
|
United Arab Emirates |
6.8 |
6.2 |
0.5 |
0.2 |
0.0 |
6.0 |
0.3 |
0.3 |
|
|
India |
6.5 |
2.8 |
3.7 |
0.8 |
3.0 |
0.3 |
2.5 |
0.0 |
|
|
Malaysia |
6.2 |
1.3 |
4.9 |
1.3 |
2.8 |
0.1 |
0.7 |
1.2 |
|
|
Largest decreases |
Ivory Coast |
-0.2 |
-0.2 |
0.0 |
0.0 |
-0.1 |
0.0 |
-0.1 |
0.0 |
|
Vietnam |
-0.5 |
-0.3 |
-0.2 |
-0.2 |
0.1 |
0.0 |
-0.6 |
0.1 |
|
|
Angola |
-0.6 |
-0.6 |
0.0 |
0.0 |
0.0 |
0.0 |
-0.6 |
0.0 |
|
|
Qatar |
-2.0 |
-1.8 |
-0.2 |
-0.8 |
-0.6 |
-0.9 |
0.2 |
0.2 |
|
|
Mexico |
-2.8 |
-0.5 |
-2.3 |
0.1 |
-1.8 |
0.2 |
-0.6 |
-0.8 |
|
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billions) - Q3 2024
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
China |
279.0 |
143.3 |
135.7 |
72.7 |
84.1 |
32.3 |
74.2 |
15.6 |
|
South Korea |
92.8 |
35.5 |
57.3 |
13.7 |
32.8 |
8.5 |
18.0 |
19.9 |
|
|
United Arab Emirates |
73.4 |
33.0 |
40.4 |
14.3 |
16.6 |
15.4 |
18.6 |
8.4 |
|
|
India |
103.6 |
16.0 |
87.6 |
9.3 |
41.7 |
12.6 |
31.5 |
8.5 |
|
|
Malaysia |
44.0 |
8.5 |
35.5 |
10.1 |
14.0 |
1.0 |
8.9 |
10.0 |
|
|
Largest decreases |
Ivory Coast |
0.7 |
0.6 |
0.1 |
0.0 |
0.5 |
0.1 |
0.1 |
0.0 |
|
Vietnam |
6.9 |
1.6 |
5.3 |
0.7 |
0.8 |
0.2 |
3.5 |
1.7 |
|
|
Angola |
0.5 |
0.5 |
0.0 |
0.0 |
0.3 |
0.0 |
0.2 |
0.0 |
|
|
Qatar |
23.1 |
17.8 |
5.3 |
11.9 |
4.7 |
1.7 |
3.8 |
1.0 |
|
|
Mexico |
40.9 |
2.4 |
38.5 |
1.1 |
13.0 |
1.8 |
11.4 |
13.6 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 21 March 2025
