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Metadata Glossary

CodeGFDD.OI.14
Indicator NameConsolidated foreign claims of BIS reporting banks to GDP (%)
Short definitionThe ratio of consolidated foreign claims to GDP of the banks that are reporting to BIS. Foreign claims are defined as the sum of cross-border claims plus foreign offices’ local claims in all currencies. In the consolidated banking statistics claims that are granted or extended to nonresidents are referred to as cross-border claims. In the context of the consolidated banking statistics, local claims refer to claims of domestic banks’ foreign affiliates (branches/subsidiaries) on the residents of the host country (i.e. country of residence of affiliates).
Long definitionThe ratio of consolidated foreign claims to GDP of the banks that are reporting to BIS. Foreign claims are defined as the sum of cross-border claims plus foreign offices’ local claims in all currencies. In the consolidated banking statistics claims that are granted or extended to nonresidents are referred to as cross-border claims. In the context of the consolidated banking statistics, local claims refer to claims of domestic banks’ foreign affiliates (branches/subsidiaries) on the residents of the host country (i.e. country of residence of affiliates). The calculation is based on BIS CBS Table B3: cross-border claims + local claims. End-of-year data (i.e. December data) are considered for banks claims. GDP is from World Development Indicators.
SourceConsolidated Banking Statistics (CBS), Bank for International Settlements (BIS)
TopicOther
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