Monthly Overview of Offshore Banking Units (OBUs)
PRESS RELEASE Release Date: March 31, 2018
Number of OBUs and Total Assets As of February 28, 2018, there were 60 OBUs with total assets of US$205.522 billion, a decrease of US$0.419 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 |
37 |
23 |
60 |
|
Total assets (USD billions) |
181.805 |
23.717 |
205.522 |
|
% of combined assets |
88.5% |
11.5% |
100% |
Uses and Sources of Funds At the end of February, the primary uses of funds of all OBUs were Discounts and loans, which amounted to US$81.401 billion or 39.6% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$93.884 billion or 45.7% 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 |
81.401 55.530 30.503 27.268 10.820 |
39.6 27.0 14.8 13.3 5.3 |
Vostro account – head office & branches Deposits Other liabilities Due to banks Equity of head office |
93.884 79.777 14.958 14.402 2.501 |
45.7 38.8 7.3 7.0 1.2 |
|
Total |
205.522 |
100.0 |
Total |
205.522 |
100.0 |
Destination and Origin of Funds As of February 28, 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 |
10 |
4 |
|
Other regions |
6 |
7 |
|
Total |
100 |
100 |
Discounts and Loans The total value of all outstanding discounts and loans made by all OBUs at the end of February 2018 was US$81.401 billion, the composition of which is as follows:
|
Client |
Duration |
Outstanding Value (USD billions) |
% of |
|
Overseas |
Medium and long-term |
51.434 |
99.2% |
|
Short-term |
29.321 |
||
|
Local |
All terms |
0.646 |
0.8% |
|
Total |
81.401 |
100.0% |
|
Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of February is provided below:
(USD billions)
|
Spot |
Forwards |
Swaps |
Total |
|
26.767 |
8.411 |
10.689 |
45.867 |
Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in February 2018 were US$35.345 billion and US$35.272 billion, respectively.
Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in February 2018 was US$32.783 billion as shown in the table below by product category:
(USD billions)
|
Product Category |
Turnover |
|
Futures |
19.977 |
|
Options |
9.535 |
|
Swaps |
2.844 |
|
Margin account trading |
0.399 |
|
Credit derivatives |
0.028 |
|
Total |
32.783 |
___________
Notes: The next release will be made at 16:20 p.m. on April 30, 2018.