Monthly Overview of Offshore Banking Units (OBUs)
PRESS RELEASE Release Date: December 29, 2017
align="left">Monthly Overview of Offshore Banking Units (OBUs)
Number of OBUs and Total Assets As of November 30, 2017, there were 61 OBUs with total assets of US$199.315 billion, an increase of US$2.636 billion or 1.3% 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) |
176.385 |
22.930 |
199.315 |
|
% of combined assets |
88.5% |
11.5% |
100% |
Uses and Sources of Funds At the end of November, the primary uses of funds of all OBUs were Discounts and loans, which amounted to US$80.210 billion or 40.2% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$87.639 billion or 44.0% of total liabilities. The uses and sources of funds are summarized as follows:
|
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 |
80.210 53.112 30.495 26.694 8.804 |
40.2 26.6 15.3 13.4 4.5 |
Vostro account – head office & branches Deposits Other liabilities Due to banks Equity of head office |
87.639 77.116 16.019 15.259 3.282 |
44.0 38.7 8.1 7.6 1.6 |
|
Total |
199.315 |
100.0 |
Total |
199.315 |
100.0 |
Destination and Origin of Funds As of November 30, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:
(%)
|
Region |
Destination |
Origin |
|
Asia |
54 |
64 |
|
America |
30 |
24 |
|
Europe |
9 |
4 |
|
Other regions |
7 |
8 |
|
Total |
100 |
100 |
Discounts and Loans The total value of all outstanding discounts and loans made by all OBUs at the end of November 2017 was US$80.210 billion, the composition of which is as follows:
|
Client |
Duration |
Outstanding Value (USD billions) |
% of |
|
Overseas |
Medium and long-term |
51.379 |
99.1% |
|
Short-term |
28.070 |
||
|
Local |
All terms |
0.761 |
0.9% |
|
Total |
80.210 |
100.0% |
|
Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of November is provided below:
(USD billions)
|
Spot |
Forwards |
Swaps |
Total |
|
28.103 |
8.060 |
10.344 |
46.507 |
Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in November 2017 were US$40.970 billion and US$38.821 billion, respectively.
Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in November 2017 was US$25.506 billion as shown in the table below by product category:
(USD billions)
|
Product Category |
Turnover |
|
Futures |
12.934 |
|
Options |
10.120 |
|
Swaps |
2.260 |
|
Margin account trading |
0.185 |
|
Credit derivatives |
0.007 |
|
Total |
25.506 |
___________
Notes: The next release will be made at 16:20 p.m. on January 31, 2018.