Monthly Overview of Offshore Banking Units (OBUs)
PRESS RELEASE Release Date: November 30, 2017
Number of OBUs and Total Assets As of October 31, 2017, there were 61 OBUs with total assets of US$196.679 billion, an increase of US$0.361 billion or 0.2% from the previous month. The breakdown of the information in terms of domestic and foreign banks is shown in the table below:
|
Item |
Domestic Bank |
Foreign Bank |
Total |
|
Number of OBUs |
38 |
23 |
61 |
|
Total assets (USD billions) |
174.130 |
22.549 |
196.679 |
|
% of combined assets |
88.5% |
11.5% |
100% |
Uses and Sources of Funds At the end of October, the primary uses of funds of all OBUs were Discounts and loans, which amounted to US$80.572 billion or 41.0% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$87.694 billion or 44.6% of total liabilities. The uses and sources of funds are summarized as follows:
(USD billions, % of total assets/liabilities)
|
Uses of Funds |
Sources of Funds |
||||
|
Item |
Amount |
% |
Item |
Amount |
% |
|
Discounts and Loans Securities investments Due from banks Nostro account – head office & branches Other assets |
80.572 52.647 28.456 26.121 8.883 |
41.0 26.8 14.5 13.3 4.4 |
Vostro account – head office & branches Deposits Other liabilities Due to banks Equity of head office |
87.694 76.223 15.163 14.320 3.279 |
44.6 38.8 7.7 7.2 1.7 |
|
Total |
196.679 |
100.0 |
Total |
196.679 |
100.0 |
Destination and Origin of Funds As of October 31, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:
(%)
|
Region |
Destination |
Origin |
|
Asia |
53 |
64 |
|
America |
31 |
24 |
|
Europe |
9 |
5 |
|
Other regions |
7 |
7 |
|
Total |
100 |
100 |
Discounts and Loans The total value of all outstanding discounts and loans made by all OBUs at the end of October 2017 was US$80.572 billion, the composition of which is as follows:
|
Client |
Duration |
Outstanding Value (USD billions) |
% of |
|
Overseas |
Medium and long-term |
51.814 |
99.0% |
|
Short-term |
27.958 |
||
|
Local |
All terms |
0.800 |
1.0% |
|
Total |
80.572 |
100.0% |
|
Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of October is provided below:
(USD billions)
|
Spot |
Forwards |
Swaps |
Total |
|
23.040 |
5.303 |
9.921 |
38.264 |
Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in October 2017 were US$34.475 billion and US$32.586 billion, respectively.
Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in October 2017 was US$24.803 billion as shown in the table below by product category:
(USD billions)
|
Product Category |
Turnover |
|
Futures |
11.346 |
|
Options |
9.903 |
|
Swaps |
3.279 |
|
Margin account trading |
0.265 |
|
Credit derivatives |
0.010 |
|
Total |
24.803 |
___________
Notes: The next release will be made at 16:20 p.m. on December 29, 2017.