Statistical Annex. The international banking market. Introduction to the BIS locational and consolidated international banking statistics...

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1 Statistical Annex The international banking market Introduction to the BIS locational and consolidated international banking statistics... page A4 1 BIS reporting banks: Summary of international positions... A7 2 External positions of banks in individual reporting countries... A8 3 External loans and deposits of banks in individual reporting countries... A16 4 Local positions in foreign currency of banks in individual reporting countries... A20 5 Currency breakdown of reporting banks international positions... A24 6 External positions of reporting banks vis-à-vis individual countries... A28 7 External loans and deposits of reporting banks vis-à-vis individual countries... A44 8 International positions by nationality of ownership of reporting banks... A60 9 Consolidated claims of reporting banks on individual countries... A64 10 Signed international syndicated credit facilities by nationality of borrower... A110 Securities markets 11 International debt securities by residence of issuer... A International debt securities by nationality of issuer... A International debt securities by type, sector and currency... A International debt securities by residence of issuer... A International debt securities by nationality of issuer... A Domestic debt securities by sector and residence of issuer... A Debt securities with remaining maturity up to one year... A Announced international equity issues by nationality of issuer... A128 Derivatives markets 19 Amounts outstanding of over-the-counter (OTC) derivatives by risk category and instrument... A Amounts outstanding of OTC foreign exchange derivatives... A Amounts outstanding of OTC single-currency interest rate derivatives... A Amounts outstanding of OTC equity-linked and commodity derivatives... A Derivative financial instruments traded on organised exchanges by instrument and location... A136 Notes to tables... A138 BIS Quarterly Review, September 2011 A1

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3 The international banking market 1 Introduction to the BIS locational and consolidated international banking statistics... page A4 1 BIS reporting banks: Summary of international positions... A7 2 External positions of banks in individual reporting countries A In all currencies vis-à-vis all sectors... A8 B In all currencies vis-à-vis the non-bank sector... A10 C In foreign currencies vis-à-vis all sectors... A12 D In foreign currencies vis-à-vis the non-bank sector... A14 3 External loans and deposits of banks in individual reporting countries A In all currencies vis-à-vis all sectors... A16 B In all currencies vis-à-vis the non-bank sector... A18 4 Local positions in foreign currency of banks in individual reporting countries A Vis-à-vis all sectors... A20 B Vis-à-vis the non-bank sector... A22 5 Currency breakdown of reporting banks international positions A Cross border positions vis-à-vis all sectors... A24 B Cross border positions vis-à-vis the non-bank sector... A25 C Cross border positions vis-à-vis official monetary institutions... A26 D Local positions in foreign currency vis-à-vis all sectors and vis-à-vis the non-bank sector... A27 6 External positions of reporting banks vis-à-vis individual countries A Vis-à-vis all sectors... A28 B Vis-à-vis the non-bank sector... A36 7 External loans and deposits of reporting banks vis-à-vis individual countries A Vis-à-vis all sectors... A44 B Vis-à-vis the non-bank sector... A52 8 International positions by nationality of ownership of reporting banks A Amounts outstanding... A60 B Estimated exchange rate adjusted changes... A62 9 Consolidated claims of reporting banks on individual countries A International and foreign claims by maturity and sector... A64 B Foreign claims by nationality of reporting banks, immediate borrower basis... A72 C Foreign claims by sector and type, ultimate risk basis... A84 D Foreign claims by nationality of reporting banks, ultimate risk basis... A88 E Foreign exposures on selected individual countries, ultimate risk basis... A Signed international syndicated credit facilities by nationality of borrower... A110 1 More detailed data and a full set of historical time series are available on the BIS website under BIS Quarterly Review, September 2011 A3

4 Introduction to the BIS locational and consolidated international banking statistics The BIS collects and disseminates two different sets of international banking data, both based on information provided by banks. The first set of data is known as the locational statistics and is presented in Annex Tables 1 8B. These statistics were originally introduced in 1964 to monitor the development of eurocurrency markets, although in practice comprehensive locational data are only available from The second set, known as the consolidated statistics, is shown in Annex Tables 9A 9D. They were launched in a comprehensive form in 1983 following the onset of the Mexican debt crisis, with the main purpose of monitoring industrial country banks exposure to developing countries. Once differences in reporting regimes are taken into account, the two sets of data may be used to complement one another in economic analysis. The basic characteristics of the two data sets are summarised in the table below. The locational reporting system collects quarterly data on the gross international financial claims and liabilities of banks resident in a given country. The main purpose of the statistics is to provide information on the role of banks and financial centres in the intermediation of international capital flows. The reporting system is currently comprised of 43 countries (see the table overleaf). The key organisational criteria are the country of residence of the reporting banks and their counterparties as well as the recording of all positions on a gross basis, including those vis-à-vis own affiliates. This methodology is consistent with the principles underlying the compilation of national accounts, balances of payments and external debt statistics. The currency detail supplied by the reporting countries allows the approximation of capital flows, adjusted for exchange rate fluctuations. The consolidated banking statistics report banks on-balance sheet financial claims (ie contractual lending) vis-à-vis the rest of the world and provide a measure of the risk exposures of lenders national banking systems. The data cover contractual (immediate borrower) and ultimate risk lending by the head office and all its branches and subsidiaries on a worldwide consolidated basis, net of inter-office accounts. Reporting of lending in this way allows the allocation of claims to the bank entity that would bear the losses as a result of default by borrowers. The consolidated statistics also provide information on the maturity (ie liquidity) and sector risk distribution of banks contractual lending. Furthermore, to reflect the fact that banks country risk exposure can differ substantially from that of contractual lending due to the use of risk mitigants such as guarantees and collateral, reporting countries provide information on claims on an ultimate risk basis (ie Data characteristics Locational (Tables 1 8 B) Consolidated (Tables 9 A 9 D) Creditor reporting basis Residence (host country) Nationality (home country) Number of reporting countries Frequency Quarterly since 1977 Quarterly since March Reported data External claims and liabilities Worldwide consolidated claims Inter-office netting-out No Yes Type of counterparty Immediate borrower Immediate (contractual) and ultimate borrower Composition of claims by: Country of borrower Yes Yes Currency Yes No Type of instrument Yes (loans, deposits, securities) No Maturity No Yes Sector Yes (bank, non-banks) Yes (banks, non-banks, public) 1 Semiannual available since A4 BIS Quarterly Review, September 2011

5 contractual claims net of guarantees and collateral) since June A finer breakdown of BIS reporting banks foreign claims on an ultimate risk basis, and information about derivatives, credit commitments and guarantees are provided as of 2005 Q1. The consolidated statistics became available on a quarterly basis in March 2000; previously, the statistics were collected semiannually. There are currently 30 countries reporting these data (see the table below). Because more countries contribute to the locational bank lending data, one would expect the measure of outstanding debt as reported by the locational data to exceed that of the consolidated data. However, the reporting of worldwide positions in the consolidated data tends to compensate for this. While the locational statistics are appropriate for measuring lending flows in a given period, the consolidated statistics are more suited to gauging the size of banks country and liquidity risk exposures. The detailed maturity and sector breakdowns of the consolidated statistics can be used to supplement the locational data. Reporting countries providing locational banking data First year of joining followed by first period of data availability in brackets Australia (1997, Q4 1997) Germany (1977, Q4 1977) Netherlands (1977, Q4 1977) Austria (1977, Q4 1977) Greece (2003, Q4 2003) Netherlands Antilles (1983, Q4 1983) Bahamas (1983, Q4 1983) 1 Guernsey (2001, Q4 2001) Norway (1983, Q4 1983) Bahrain (1983, Q4 1983) Hong Kong SAR (1983, Q4 1983) Panama (2002, Q4 2002) Belgium (1977, Q4 1977) India (2001, Q4 2001) Portugal (1997, Q4 1997) Bermuda (2002, Q4 2002) Ireland (1977, Q4 1977) Singapore (1983, Q4 1983) Brazil (2002, Q4 2002) Isle of Man (2001, Q4 2001) South Africa (2009, Q3 2009) Canada (1977, Q4 1977) Italy (1977, Q4 1977) Spain (1983, Q4 1983) Cayman Islands (1983, Q4 1983) Japan (1977, Q4 1977) Sweden (1977, Q4 1977) Chile (2002, Q4 2002) Jersey (2001, Q4 2001) Switzerland (1977, Q4 1977) Chinese Taipei(2000, Q4 2000) Korea (2005, Q1 2005) Turkey (2000, Q4 2000) Cyprus (2008, Q4 2008) Luxembourg (1977, Q4 1977) United Kingdom (1977, Q4 1977) Denmark (1977, Q4 1977) Macao SAR (2006, Q4 2003) United States (1977, Q4 1977) Finland (1983, Q4 1983) Malaysia (2008, Q4 2007) France (1977, Q4 1977) Mexico (2003, Q4 2003) Reporting countries providing consolidated banking data First year of joining followed by first period of data availability in brackets Australia (2003, Q4 2003) Germany (1983, Q4 1983) Norway (1994, Q2 1994) Austria (1983, Q4 1983) Greece (2003, Q4 2003) Panama (2002, Q4 2002) 2 Belgium (1983, Q4 1983) Hong Kong SAR (1997, Q4 1997) 2 Portugal (1999, Q4 1999) Brazil (2002, Q4 2002) 2 India (2001, Q4 2000) Singapore (2000, Q4 2000) Canada (1983, Q4 1983) Ireland (1983, Q4 1983) Spain (1985, Q4 1985) Chile (2002, Q4 2002) Italy (1983, Q4 1983) Sweden (1983, Q4 1983) Chinese Taipei (2000, Q4 2000) Japan (1983, Q4 1983) Switzerland (1983, Q4 1983) Denmark (1983, Q4 1983) 2 Luxembourg (1983, Q4 1983) 2 Turkey (2000, Q4 2000) Finland (1985, Q4 1985) Mexico (2003, Q4 2003) 2 United Kingdom (1983, Q4 1983) France (1983, Q4 1983) Netherlands (1983, Q4 1983) United States (1983, Q4 1983) 1 Semi-annual reporting. 2 Provides only consolidated banking statistics on an immediate borrower basis. For a more detailed analysis, see the special feature The BIS consolidated banking statistics: structure, uses and improvements in September 2005 BIS Quarterly Review. BIS Quarterly Review, September 2011 A5

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7 Table 1: BIS reporting banks Summary of international positions In billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Positions Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q A. Total assets 35, , , , , claims on banks 22, , , , , claims on non-banks 13, , , , B. External assets 31, , , , , claims on banks 20, , , , , claims on non-banks 11, , , , Loans and deposits 22, , , , , claims on banks 16, , , , , claims on non-banks 6, , , , Holdings of securities and other assets 8, , , , claims on banks 3, , , , claims on non-banks 4, , , , C. Local assets in foreign currency 4, , , , claims on banks 1, , , , claims on non-banks 2, , , , D. Total liabilities 34, , , , , , liabilities to banks 24, , , , , liabilities to non-banks 9, , , , E. External liabilities 29, , , , , liabilities to banks 21, , , , , liabilities to non-banks 7, , , , Loans and deposits 24, , , , , liabilities to banks 17, , , , , liabilities to non-banks 7, , , , Own issues of securities and other liabilities 4, , , , liabilities to banks 4, , , , liabilities to non-banks F. Local liabilities in foreign currency 4, , , , liabilities to banks 2, , , , liabilities to non-banks 1, , , , BIS Quarterly Review, September 2011 A 7

8 Table 2A: External positions of banks in all currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Assets All countries 31, , , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands 1, , , , Chile Chinese Taipei Curacao Cyprus Denmark Finland France 2, , , , Germany 3, , , , Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan 2, , , , (JOM) (Others) 1, , , , Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands 1, , , , Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland 1, Turkey United Kingdom 5, , , , United States 2, , , , (IBFs) (Others) 2, , , , A 8 BIS Quarterly Review, September 2011

9 Table 2A: External positions of banks in all currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Liabilities All countries 29, , , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands 1, , , , Chile Chinese Taipei Curacao Cyprus Denmark Finland France 2, , , , Germany 1, , , , Greece Guernsey Hong Kong SAR India Ireland 1, Isle of Man Italy Japan , , (JOM) (Others) Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands 1, , , , Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland 1, Turkey United Kingdom 6, , , , United States 3, , , , (IBFs) (Others) 2, , , , BIS Quarterly Review, September 2011 A 9

10 Table 2B: External positions of banks in all currencies vis-à-vis the non-bank sector Individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Assets All countries 11, , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany 1, , , , Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan 1, , , , (JOM) (Others) 1, , , , Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland Turkey United Kingdom 2, , , , United States (IBFs) (Others) A 10 BIS Quarterly Review, September 2011

11 Table 2B: External positions of banks in all currencies vis-à-vis the non-bank sector Individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Liabilities All countries 7, , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan (JOM) (Others) Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland Turkey United Kingdom 1, , , , United States 1, (IBFs) (Others) BIS Quarterly Review, September 2011 A 11

12 Table 2C: External positions of banks in foreign currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Assets All countries 18, , , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands 1, , , , Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan 1, , , , (JOM) (Others) 1, , , , Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland 1, Turkey United Kingdom 5, , , , United States (IBFs) (Others) A 12 BIS Quarterly Review, September 2011

13 Table 2C: External positions of banks in foreign currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Liabilities All countries 17, , , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands 1, , , , Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan (JOM) (Others) Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland Turkey United Kingdom 5, , , , United States (IBFs) (Others) BIS Quarterly Review, September 2011 A 13

14 Table 2D: External positions of banks in foreign currencies vis-à-vis the non-bank sector In individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Assets All countries 6, , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan 1, , , , (JOM) (Others) 1, , , , Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland Turkey United Kingdom 2, , , , United States (IBFs) (Others) A 14 BIS Quarterly Review, September 2011

15 Table 2D: External positions of banks in foreign currencies vis-à-vis the non-bank sector In individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Liabilities All countries 4, , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan (JOM) (Others) Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland Turkey United Kingdom 1, , , , United States (IBFs) (Others) BIS Quarterly Review, September 2011 A 15

16 Table 3A: External loans and deposits of banks in all currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Loans All countries 22, , , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands 1, , , , Chile Chinese Taipei Curacao Cyprus Denmark Finland France 1, , , , Germany 2, , , , Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan 1, , , (JOM) (Others) Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland 1, Turkey United Kingdom 4, , , , United States 2, , , , (IBFs) (Others) 2, , , , A 16 BIS Quarterly Review, September 2011

17 Table 3A: External loans and deposits of banks in all currencies vis-à-vis all sectors In individual reporting countries in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Deposits All countries 24, , , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands 1, , , , Chile Chinese Taipei Curacao Cyprus Denmark Finland France 1, , , , Germany 1, , , , Greece Guernsey Hong Kong SAR India Ireland 1, Isle of Man Italy Japan , , (JOM) (Others) Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland 1, Turkey United Kingdom 5, , , , United States 3, , , , (IBFs) (Others) 2, , , , BIS Quarterly Review, September 2011 A 17

18 Table 3B: External loans and deposits of banks in all currencies vis-à-vis the non-bank sector In individual reporting currencies in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Loans All countries 6, , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan (JOM) (Others) Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland Turkey United Kingdom 1, , , , United States (IBFs) (Others) A 18 BIS Quarterly Review, September 2011

19 Table 3B: External loans and deposits of banks in all currencies vis-à-vis the non-bank sector In individual reporting currencies in billions of US dollars Amounts outstanding Estimated exchange rate adjusted changes Reporting countries Dec 2008 Dec 2009 Dec 2010 Mar Q Q Q Q Deposits All countries 7, , , , Australia Austria Bahamas Bahrain Belgium Bermuda Brazil Canada Cayman Islands Chile Chinese Taipei Curacao Cyprus Denmark Finland France Germany Greece Guernsey Hong Kong SAR India Ireland Isle of Man Italy Japan (JOM) (Others) Jersey Luxembourg Macao SAR Malaysia Mexico Netherlands Netherlands Antilles Norway Panama Portugal Singapore South Africa South Korea Spain Sweden Switzerland Turkey United Kingdom 1, , , , United States (IBFs) (Others) BIS Quarterly Review, September 2011 A 19