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 $154.5 billion during 2025 Q2, to a level of $4,961.1 billion.
- The increase in claims was relatively well spread across sectors, with the largest increase in claims on the Public sector, up by $56.7 billion to a level of $1,588.7 billion.
- By region, the largest increase in claims was on Developed Countries, up $100.7 billion to a level of $3,070.5 billion. For Developed Countries, the largest increases in claims by country were on the United States ($41.7 billion), Germany ($24.5 billion), and France ($15.3 billion).
Table A: Regional breakdown of external claims of UK-owned monetary financial institutions - 2025 Q2 (US$ billion)
|
External claims on: |
|||||||
|---|---|---|---|---|---|---|---|
|
|
Developed Countries |
Offshore Centres |
Developing Countries: |
Total |
|||
|
Europe |
Latin America & Caribbean |
Africa & Middle East |
Asia & Pacific |
||||
|
Immediate borrower |
3,061.7 |
895.4 |
30.1 |
84.6 |
211.2 |
592.6 |
4,982.5 |
|
Net risk transfers |
8.8 |
-54.5 |
-2.0 |
-0.9 |
-6.9 |
32.1 |
-21.4 |
|
Ultimate risk basis |
3,070.5 |
840.9 |
28.1 |
83.7 |
204.3 |
624.7 |
4,961.1 |
Consolidated external claims: Developed Countries
Chart 3: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Developed Countries - 2025 Q2
Chart 4: Changes in consolidated external claims on an ultimate risk basis by country for Developed Countries - 2025 Q2 (5 largest increases/decreases)
Table B: Changes in external claims on an ultimate risk basis: Developed Countries (US$ billion) - 2025 Q2
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United States |
41.7 |
40.9 |
0.8 |
-0.8 |
10.4 |
24.0 |
6.6 |
1.5 |
|
Germany |
24.5 |
12.3 |
12.2 |
7.6 |
13.5 |
1.9 |
1.3 |
0.3 |
|
|
France |
15.3 |
17.8 |
-2.5 |
18.1 |
-5.2 |
1.5 |
0.0 |
0.9 |
|
|
Australia |
7.3 |
3.0 |
4.3 |
-0.6 |
2.2 |
2.6 |
1.4 |
1.7 |
|
|
Netherlands |
6.8 |
0.6 |
6.2 |
0.5 |
3.3 |
1.6 |
-0.9 |
2.3 |
|
|
Largest decreases |
Slovakia |
-0.1 |
-0.1 |
0.0 |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Liechtenstein |
-0.2 |
-0.2 |
0.0 |
0.0 |
0.0 |
-0.2 |
0.0 |
0.0 |
|
|
Norway |
-0.5 |
-0.5 |
0.0 |
-0.5 |
0.2 |
-0.1 |
-0.2 |
0.0 |
|
|
Austria |
-0.5 |
-0.5 |
0.0 |
-0.4 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
|
Japan |
-17.8 |
2.8 |
-20.6 |
0.9 |
-0.8 |
-19.1 |
1.3 |
0.0 |
|
Table C: Amounts outstanding of external claims on an ultimate risk basis: Developed Countries (US$ billion) - 2025 Q2
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
United States |
1,652.9 |
994.1 |
658.8 |
53.4 |
486.2 |
899.3 |
161.6 |
52.4 |
|
Germany |
227.7 |
114.1 |
113.6 |
70.7 |
125.8 |
9.9 |
19.4 |
1.9 |
|
|
France |
427.7 |
253.4 |
174.3 |
198.1 |
168.4 |
20.8 |
30.4 |
9.9 |
|
|
Australia |
98.1 |
36.2 |
61.9 |
14.7 |
19.1 |
20.3 |
19.6 |
24.4 |
|
|
Netherlands |
78.7 |
40.7 |
38.0 |
16.6 |
14.5 |
15.7 |
14.6 |
17.2 |
|
|
Largest decreases |
Slovakia |
0.4 |
0.4 |
0.0 |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Liechtenstein |
0.6 |
0.6 |
0.0 |
0.1 |
0.0 |
0.5 |
0.1 |
0.0 |
|
|
Norway |
6.2 |
6.2 |
0.0 |
1.6 |
2.9 |
1.0 |
0.7 |
0.0 |
|
|
Austria |
9.6 |
9.6 |
0.0 |
3.6 |
4.8 |
0.7 |
0.4 |
0.1 |
|
|
Japan |
209.2 |
88.7 |
120.5 |
33.5 |
55.8 |
86.9 |
32.4 |
0.6 |
|
Consolidated external claims: Offshore Centres
Chart 5: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Offshore Centres - 2025 Q2
Chart 6: Changes in consolidated external claims on an ultimate risk basis by country for Offshore Centres - 2025 Q2 (5 largest increases/decreases)
Table D: Changes in external claims on an ultimate risk basis: Offshore Centres (US$ billion) - 2025 Q2
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
Cayman Islands |
6.6 |
6.6 |
0.0 |
0.5 |
0.0 |
5.8 |
0.2 |
0.0 |
|
Hong Kong |
4.9 |
-1.0 |
5.9 |
-0.1 |
6.4 |
1.3 |
-2.9 |
0.2 |
|
|
Guernsey |
2.2 |
1.9 |
0.3 |
0.1 |
0.0 |
1.6 |
0.3 |
0.2 |
|
|
Bermuda |
1.6 |
1.5 |
0.1 |
0.1 |
0.1 |
1.5 |
0.0 |
0.0 |
|
|
Jersey |
1.4 |
1.2 |
0.2 |
0.1 |
0.0 |
0.3 |
0.6 |
0.4 |
|
|
Largest decreases |
No other decreases greater than $0.1bn |
||||||||
|
Mauritius |
-0.2 |
-0.3 |
0.1 |
0.0 |
0.0 |
0.1 |
-0.3 |
0.0 |
|
Table E: Amounts outstanding of external claims on an ultimate risk basis: Offshore Centres (US$ billion) - 2025 Q2
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
Cayman Islands |
69.4 |
69.2 |
0.2 |
1.6 |
0.0 |
63.1 |
4.0 |
0.7 |
|
Hong Kong |
481.6 |
44.1 |
437.4 |
6.9 |
137.0 |
66.3 |
104.6 |
166.8 |
|
|
Guernsey |
16.0 |
11.5 |
4.4 |
0.4 |
0.0 |
9.4 |
3.4 |
2.6 |
|
|
Bermuda |
8.4 |
5.8 |
2.6 |
0.2 |
0.8 |
4.8 |
1.2 |
1.5 |
|
|
Jersey |
46.1 |
41.0 |
5.1 |
1.1 |
0.3 |
31.5 |
8.1 |
5.1 |
|
|
Largest decreases |
No other decreases greater than $0.1bn |
||||||||
|
Mauritius |
4.0 |
3.1 |
0.9 |
0.8 |
0.2 |
1.7 |
1.3 |
0.0 |
|
Consolidated external claims: Developing Countries
Chart 7: Changes in consolidated external claims on an ultimate risk basis by counterpart sector for Developing Countries - 2025 Q2
Chart 8: Changes in consolidated external claims on an ultimate risk basis by country for Developing Countries - 2025 Q2 (5 largest increases/decreases)
Table F: Changes in external claims on an ultimate risk basis: Developing Countries (US$ billion) - 2025 Q2
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
South Korea |
11.9 |
6.1 |
5.8 |
0.3 |
5.7 |
0.8 |
2.7 |
2.5 |
|
Taiwan |
6.9 |
2.9 |
4.0 |
-2.3 |
3.7 |
2.1 |
1.2 |
2.2 |
|
|
Brazil |
3.9 |
3.9 |
0.0 |
-0.9 |
4.4 |
0.3 |
0.1 |
0.0 |
|
|
Mexico |
3.5 |
-0.2 |
3.7 |
-0.1 |
2.1 |
-0.1 |
0.7 |
0.9 |
|
|
China |
2.6 |
1.9 |
0.7 |
-1.7 |
5.3 |
0.0 |
-0.5 |
-0.5 |
|
|
Largest decreases |
Bangladesh |
-0.4 |
-0.1 |
-0.3 |
0.0 |
-0.2 |
0.0 |
-0.2 |
0.0 |
|
Pakistan |
-0.4 |
-0.1 |
-0.3 |
-0.2 |
-0.2 |
0.0 |
0.0 |
0.0 |
|
|
Turkey |
-1.8 |
-1.5 |
-0.3 |
-0.6 |
-1.4 |
0.0 |
0.1 |
0.0 |
|
|
United Arab Emirates |
-3.8 |
-4.3 |
0.5 |
1.9 |
-0.5 |
-5.4 |
0.2 |
0.0 |
|
|
India |
-5.8 |
-3.9 |
-1.8 |
-1.4 |
-3.8 |
0.1 |
-0.6 |
-0.1 |
|
Table G: Amounts outstanding of external claims on an ultimate risk basis: Developing Countries (US$ billion) - 2025 Q2
|
|
|
Total |
of which by origin: |
of which by sector: |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
Cross-border |
Local |
DTC |
Public Sector |
OFC |
NFC |
HH |
|||
|
Largest increases |
South Korea |
105.9 |
43.3 |
62.6 |
12.5 |
39.6 |
8.9 |
22.3 |
22.6 |
|
Taiwan |
58.9 |
21.1 |
37.8 |
6.4 |
13.3 |
8.8 |
12.5 |
17.8 |
|
|
Brazil |
30.6 |
28.7 |
2.0 |
5.6 |
19.6 |
1.9 |
3.4 |
0.1 |
|
|
Mexico |
44.1 |
2.2 |
41.9 |
1.0 |
15.8 |
1.6 |
11.9 |
13.8 |
|
|
China |
260.2 |
130.5 |
129.7 |
64.8 |
80.5 |
31.7 |
69.4 |
13.9 |
|
|
Largest decreases |
Bangladesh |
8.0 |
1.3 |
6.7 |
1.0 |
1.6 |
0.2 |
4.5 |
0.7 |
|
Pakistan |
2.8 |
0.5 |
2.3 |
0.1 |
1.6 |
0.0 |
1.0 |
0.2 |
|
|
Turkey |
15.2 |
10.6 |
4.7 |
7.2 |
4.8 |
0.3 |
2.8 |
0.2 |
|
|
United Arab Emirates |
91.2 |
49.5 |
41.8 |
14.6 |
17.0 |
31.1 |
19.1 |
9.4 |
|
|
India |
95.9 |
10.7 |
85.2 |
8.3 |
37.0 |
13.4 |
29.6 |
7.6 |
|
Queries
If you have any comments or queries about this data release, please email dsd_ibs@bankofengland.co.uk
Next release date: 19 December 2025
