Monthly Overview of Offshore Banking Units (OBUs)
PRESS RELEASE Release Date: March 6, 2018
Number of OBUs and Total Assets As of January 31, 2018, there were 60 OBUs with total assets of US$205.941 billion, an increase of US$2.995 billion or 1.5% 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 |
37 |
23 |
60 |
|
Total assets (USD billions) |
182.666 |
23.275 |
205.941 |
|
% of combined assets |
88.7% |
11.3% |
100% |
Uses and Sources of Funds At the end of January, the primary uses of funds of all OBUs were Discounts and loans, which amounted to US$81.134 billion or 39.4% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$92.954 billion or 45.1% 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 |
81.134 56.833 31.013 25.803 11.158 |
39.4 27.6 15.1 12.5 5.4 |
Vostro account – head office & branches Deposits Other liabilities Due to banks Equity of head office |
92.954 79.383 15.806 15.311 2.487 |
45.1 38.5 7.8 7.4 1.2 |
|
Total |
205.941 |
100.0 |
Total |
205.941 |
100.0 |
Destination and Origin of Funds As of January 31, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:
(%)
|
Region |
Destination |
Origin |
|
Asia |
53 |
65 |
|
America |
30 |
23 |
|
Europe |
10 |
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 January 2018 was US$81.134 billion, the composition of which is as follows:
|
Client |
Duration |
Outstanding Value (USD billions) |
% of |
|
Overseas |
Medium and long-term |
51.044 |
99.0% |
|
Short-term |
29.249 |
||
|
Local |
All terms |
0.841 |
1.0% |
|
Total |
81.134 |
100.0% |
|
Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of January is provided below:
(USD billions)
|
Spot |
Forwards |
Swaps |
Total |
|
32.165 |
7.163 |
10.933 |
50.261 |
Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in January 2018 were US$58.100 billion and US$54.727 billion, respectively.
Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in January 2018 was US$42.610 billion as shown in the table below by product category:
(USD billions)
|
Product Category |
Turnover |
|
Futures |
21.959 |
|
Options |
12.260 |
|
Swaps |
8.007 |
|
Margin account trading |
0.329 |
|
Credit derivatives |
0.055 |
|
Total |
42.610 |
___________
Notes: The next release will be made at 16:20 p.m. on March 31, 2018.