国际银行业统计数据和全球流动性指标.pdf
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27 October 2021
Statistical release: BIS international banking statistics
and global liquidity indicators at end-June 2021
• Banks’ cross-border claims declined by $308 billion during the second quarter of
2021, settling at $36 trillion. Their year-on-year growth rate edged up to 2%.
• In contrast, cross-border claims on emerging market and developing economies
(EMDEs) expanded in the second quarter (by $7 billion), driven by greater credit
to the Asia and Pacific region, as well as to Africa and the Middle East.
• Banks’ consolidated foreign claims on China alone stood at more than $970
billion at end-Q2 2021, representing almost 18% of foreign claims on EMDEs.
• The share of offshore claims – ie claims denominated in a currency foreign to
both the lending bank and borrower – has continued to fall in major currencies.
• Foreign currency credit growth, an indicator of global liquidity, held up for credit
to non-residents denominated in US dollars and euros. Yen-denominated credit,
particularly to EMDEs, slumped. The rate of growth in credit to residents returned
to pre-pandemic levels while bond financing continued to outpace bank lending.
Cross-border claims decline in the second quarter of 2021
The BIS locational banking statistics (LBS) show that internationally active banks’
cross-border claims declined by $308 billion during the second quarter of 2021
(Graph 1, left-hand panel).
1
This left the stock outstanding at $36 trillion. Despite the
quarterly drop in Q2, the year-on-year (yoy) growth rate of cross-border claims edged
up from –1% to +2% due to a positive base effect following the sharp contraction a
year earlier at the onset of Covid-19 (centre panel). Claims on EMDEs and offshore
centres expanded by 3% yoy each.
The drop in cross-border claims in Q2 2021 was almost entirely due to falling
claims on advanced economies (AEs, –$338 billion) (Graph 1, left-hand panel). Claims
on non-banks in AEs fell by $140 billion, mostly driven by banks located in Japan
(–$150 billion). The drop reported by these banks was mainly vis-à-vis non-bank
borrowers in the United States, reflecting recurrent factors. In particular, the decline
in Q2 2021 follows an outsized increase during the previous quarter; this pattern,
which straddles the fiscal year-end in Japan in March, has been evident for several
years.
1
Claims include loans, holdings of debt securities and derivatives with a positive market value.
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