Monthly Overview of Offshore Banking Units (OBUs)
PRESS RELEASE Release Date: January 31, 2018
Number of OBUs and Total Assets As of December 31, 2017, there were 61 OBUs with total assets of US$202.946 billion, an increase of US$3.631 billion or 1.8% 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) |
178.686 |
24.260 |
202.946 |
|
% of combined assets |
88.0% |
12.0% |
100% |
Uses and Sources of Funds At the end of December, the primary uses of funds of all OBUs were Discounts and loans, which amounted to US$80.676 billion or 39.8% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$91.937 billion or 45.3% 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 |
80.676 54.020 29.713 28.624 9.913 |
39.8 26.6 14.6 14.1 4.9 |
Vostro account – head office & branches Deposits Due to banks Other liabilities Equity of head office |
91.937 77.144 15.904 14.523 3.438 |
45.3 38.0 7.8 7.2 1.7 |
|
Total |
202.946 |
100.0 |
Total |
202.946 |
100.0 |
Destination and Origin of Funds As of December 31, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:
(%)
|
Region |
Destination |
Origin |
|
Asia |
54 |
65 |
|
America |
30 |
24 |
|
Europe |
9 |
4 |
|
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 December 2017 was US$80.676 billion, the composition of which is as follows:
|
Client |
Duration |
Outstanding Value (USD billions) |
% of |
|
Overseas |
Medium and long-term |
51.714 |
98.8% |
|
Short-term |
27.963 |
||
|
Local |
All terms |
0.999 |
1.2% |
|
Total |
80.676 |
100.0% |
|
Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of December is provided below:
(USD billions)
|
Spot |
Forwards |
Swaps |
Total |
|
21.022 |
4.531 |
9.734 |
35.287 |
Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in December 2017 were US$50.474 billion and US$51.488 billion, respectively.
Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in December 2017 was US$18.127 billion as shown in the table below by product category:
(USD billions)
|
Product Category |
Turnover |
|
Futures |
8.566 |
|
Options |
6.706 |
|
Swaps |
2.725 |
|
Margin account trading |
0.125 |
|
Credit derivatives |
0.005 |
|
Total |
18.127 |
___________
Notes: The next release will be made at 16:20 p.m. on March 6, 2018.