External business of Monetary Financial Institutions operating in the UK - 2026
This statistical release covers claims on and liabilities to other countries by…
Key points
- Adjusted for exchange rate movements, external liabilities increased by $309.3 billion during 2026 Q1. By region, the largest increase in liabilities was to Advanced Economies ($194.8 billion), where the largest increase by country was against USA ($133.4 billion).
- Adjusted for exchange rate movements, external claims increased by $372.5 billion during 2026 Q1. By region, the largest increase in claims was in Advanced Economies ($320.3 billion), where the largest increase by country was against USA ($203.4 billion).
Table A: Regional breakdown of external claims and liabilities (US$ billion)
Exchange rate adjusted flows
Amounts outstanding
Q3
Q4
Q1
End-Mar 2026
2025
2025
2026
Liabilities to:
Advanced Economies
179.6
91.5
194.8
4,939.0
Emerging Market and Developing Economies
-10.4
6.3
65.7
652.0
International Organisations & Other
35.5
16.3
48.8
1,171.1
Total
204.7
114.0
309.3
6,762.2
Claims on:
Advanced Economies
154.1
54.5
320.3
5,861.4
Emerging Market and Developing Economies
24.6
19.9
30.6
575.3
International Organisations & Other
16.6
35.5
21.6
304.8
Total
195.2
109.9
372.5
6,741.5
Exchange rate adjusted flows of external liabilities and claims: Advanced Economies
Table B: Amounts outstanding and exchange rate adjusted flows of liabilities by country: Advanced Economies - 2026 Q1 (US$ billion)
Total
DTC
Non-DTC
Amounts outstanding
Flow
Amounts outstanding
Flow
Amounts outstanding
Flow
Largest increases
United States
1,926.1
133.4
762.0
43.7
1,164.0
89.7
Japan
199.4
21.5
111.5
-1.0
87.9
22.5
Australia
80.3
12.9
43.4
5.0
37.0
7.9
Spain
69.0
12.4
63.9
12.5
5.1
0.0
Cayman Islands
158.1
12.2
17.6
-0.3
140.5
12.5
Largest decreases
Sweden
9.5
-1.3
5.9
-0.1
3.6
-1.3
Denmark
6.9
-1.5
1.8
0.6
5.1
-2.1
South Korea
14.7
-1.5
8.6
-1.1
6.1
-0.4
Switzerland
259.0
-10.4
163.4
-5.8
95.6
-4.6
Norway
92.9
-39.0
85.3
-43.9
7.5
4.9
Table C: Amounts outstanding and exchange rate adjusted flows of claims by country: Advanced Economies - 2026 Q1 (US$ billion)
Total
DTC
Non-DTC
Amounts outstanding
Flow
Amounts outstanding
Flow
Amounts outstanding
Flow
Largest increases
United States
2,354.5
203.4
755.6
54.3
1,598.9
149.1
Japan
435.6
42.7
212.8
-15.8
222.8
58.5
Germany
442.3
22.3
365.8
1.7
76.5
20.6
Canada
333.4
21.1
264.2
19.7
69.2
1.4
France
521.0
16.4
436.7
5.4
84.3
11.0
Largest decreases
South Korea
21.8
-1.0
12.0
-1.8
9.8
0.8
Switzerland
241.0
-1.3
180.2
-14.0
60.8
12.6
Singapore
105.9
-3.4
58.2
4.1
47.7
-7.6
Luxembourg
233.6
-3.9
8.4
-0.4
225.2
-3.5
Norway
104.5
-51.0
93.3
-54.9
11.3
3.9
Exchange rate adjusted flows of external liabilities and claims: Emerging Market and Developing Economies
Table D: Amounts outstanding and exchange rate adjusted flows of liabilities by country: Emerging Market and Developing Economies - 2026 Q1 (US$ billion)
Total
DTC
Non-DTC
Amounts outstanding
Flow
Amounts outstanding
Flow
Amounts outstanding
Flow
Largest increases
Saudi Arabia
80.8
18.5
58.5
13.7
22.3
4.9
China
117.4
13.9
111.5
14.1
5.9
-0.2
Qatar
47.6
9.5
12.6
1.6
35.1
7.8
United Arab Emirates
80.3
7.3
35.5
2.2
44.8
5.0
Poland
14.8
4.7
13.4
4.9
1.4
-0.2
Largest decreases
Peru
4.0
-1.4
3.2
-1.4
0.8
0.0
Azerbaijan
1.5
-1.9
0.1
-0.3
1.3
-1.6
Kuwait
30.5
-2.1
9.5
-3.4
21.0
1.3
Kazakhstan
6.6
-2.2
3.4
-1.9
3.3
-0.3
Turkey
17.3
-2.5
11.8
-2.9
5.6
0.4
Table E: Amounts outstanding and exchange rate adjusted flows of claims by country: Emerging Market and Developing Economies - 2026 Q1 (US$ billion)
Total
DTC
Non-DTC
Amounts outstanding
Flow
Amounts outstanding
Flow
Amounts outstanding
Flow
Largest increases
United Arab Emirates
121.0
16.6
56.2
6.6
64.8
10.0
Saudi Arabia
47.1
7.6
14.3
0.6
32.8
6.9
Poland
13.4
3.2
9.1
2.8
4.3
0.4
India
32.9
2.7
21.1
1.7
11.8
1.1
Qatar
69.0
2.0
46.9
-2.4
22.1
4.4
Largest decreases
China
42.5
-0.7
32.6
-1.6
9.9
0.9
Bahrain
9.6
-1.2
8.5
-1.2
1.1
0.0
Turkey
32.4
-1.4
21.3
0.1
11.1
-1.5
Philippines
1.7
-1.6
3.0
-0.9
-1.3
-0.7
Egypt
13.3
-3.3
6.7
0.7
6.7
-4.0
Queries
Next release date: 4 September 2026
More information
- External business of monetary financial institutions operating in the UK - 2026 Q1 - Tables A-E (XLS 0.4MB)
Further data are available in Tables C3.1, C3.2, C3.3 and C3.4 of our latest Bankstats tables.
- Bankstats tables (zip)
- Bank of England databaseOpens in a new window
- Further details about external business of monetary financial institutions operating in the UK data
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Figures reflect the source report and its stated period. This article is for information and is not investment advice.
