0072u
INDEBTEDNESS AND BRITISH EXPOSURE
CONFIDENTIAL
$ billion
Total external
British-owned
banks'
debt $bn
exposure [1]
End-Dec
End-June
ECGD
amounts at risk
End-March
1987
1988
End-March
1987 [2]
1987 [3]
Latin America
Argentina
57
Brazil
121
3.4(0.1) 6.2(0.7)
0.2
0.2
1.0
1.9
Chile
20
1.0 (0.0)
-
0.1
Colombia
17
0.5(0.1)
0.1
0.1
Ecuador
10
0.6(0.0)
0.1
0.1
Jamaica
4
0.2(0.0)
Mexico
104
6.0(0.1)
0.7
1.3
Peru
18.
0.3(0.0)
0.1
0.2
Uruguay
5
0.3(0.0)
Venezuela
35
2.1(0.1)
1
Far East and Australasia
Indonesia
Philippines
46
0.6(0.3)
0.9
1.8
29
1.3(0.0)
0.1
0.2
Eastern Europe (convertible currency)
Bulgaria
6
0.2(0.1)
1
0.1
Hungary
18
0.3(0,0)
0.1
Poland
39
0.7(0.0)
1.3
Romania
6
0.1(0.0)
0.3
1. 0.4
4
Yugoslavia
20
0.8(0.1)
0.7
0.9
(
[1] Defined as consolidated external claims including portfolio investments with a
contractual repayment date, adjusted for certain inward and outward risk transfers in respect of guaranteed loans, plus any net claims on local residents in local currency. Amounts in brackets represent total unused commitments adjusted for certain inward and outward risk transfers in respect of guaranteed loans. Other portfolio investments in these countries amounted to $56 mn at end-June 1988.
[2] Defined as ECGD-guaranteed loans disbursed, plus political claims paid and claims
under examination.
[3] Defined as ECGD-guaranteed loans (aisbursed and undisbursed) and contractual
interest, plus political claims paid and claims under examination.
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