Monthly Overview of Offshore Banking Units (OBUs)
PRESS RELEASE Release Date: April 30, 2018
align="left">Monthly Overview of Offshore Banking Units (OBUs)
Number of OBUs and Total Assets As of March 31, 2018, there were 60 OBUs with total assets of US$208.666 billion, an increase of US$3.144 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) |
184.672 |
23.994 |
208.666 |
|
% of combined assets |
88.5% |
11.5% |
100.0% |
Uses and Sources of Funds At the end of March, the primary uses of funds of all OBUs were Discounts and loans, which amounted to US$81.202 billion or 38.9% of total assets. The main sources of funds were Vostro account– head office & branches, which amounted to US$92.366 billion or 44.3% 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 |
81.202 54.716 31.347 29.224 12.177 |
38.9 26.2 15.0 14.0 5.9 |
Vostro account – head office & branches Deposits Due to banks Other liabilities Equity of head office |
92.366 78.384 18.492 16.853 2.571 |
44.3 37.6 8.9 8.0 1.2 |
|
Total |
208.666 |
100.0 |
Total |
208.666 |
100.0 |
Destination and Origin of Funds As of March 31, Asia was the main destination and origin of funds. The following table provides a geographical breakdown:
(%)
|
Region |
Destination |
Origin |
|
Asia |
55 |
65 |
|
America |
29 |
23 |
|
Europe |
10 |
5 |
|
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 March 2018 was US$81.202 billion, the composition of which is as follows:
|
Client |
Duration |
Outstanding Value (USD billions) |
% of |
|
Overseas |
Medium and long-term |
50.915 |
98.7% |
|
Short-term |
29.210 |
||
|
Local |
All terms |
1.077 |
1.3% |
|
Total |
81.202 |
100.0% |
|
Turnover of Foreign Exchange Trading The data on the turnover of foreign exchange trading by all OBUs for the month of March is provided below:
(USD billions)
|
Spot |
Forwards |
Swaps |
Total |
|
26.129 |
7.681 |
13.302 |
47.112 |
Volume of Export and Import Related Business The volume of export and import related banking business of all OBUs in March 2018 were US$48.626 billion and US$48.504 billion, respectively.
Turnover of Derivative Products Trading The turnover of derivative products trading by all OBUs in March 2018 was US$35.387 billion as shown in the table below by product category:
(USD billions)
|
Product Category |
Turnover |
|
Futures |
16.595 |
|
Options |
11.816 |
|
Swaps |
6.390 |
|
Margin account trading |
0.451 |
|
Credit derivatives |
0.135 |
|
Total |
35.387 |
Notes: The next release will be made at 16:20 p.m. on May 31, 2018.