External business of Monetary Financial Institutions operating in the UK - 2025 Q4

Key points

With effect from this publication of 2025 Q4 data, the Bank of England has implemented changes for country grouping conventions used in statistics covering the international business of monetary financial institutions operating in the UK. As set out in the Bankstats article of December 2024, the change to these breakdowns aligns our publication with the grouping used by the Bank for International Settlements (BIS) in their published reports. Additional details of the changes are in the Bankstats article of February 2026.

Adjusted for exchange rate movements, external liabilities increased by $114.1 billion during 2025 Q4. By region, the largest increase in liabilities was to Advanced Economies ($85.2 billion), where the largest increase by country was to Norway ($58.5 billion).

Adjusted for exchange rate movements, external claims increased by $109.5 billion during 2025 Q4. By region, the largest increase in claims was on Advanced Economies ($53.7 billion), where the increase by country was entirely accounted for by Norway ($70.1 billion).

Table A: Regional breakdown of external claims and liabilities (US$ billion)

Exchange rate adjusted flows

Emerging Market and Developing Economies

International Organisations & Other

Emerging Market and Developing Economies

International Organisations & Other

Queries

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

Next release date: 5 June 2026