Cross-border claims / MAC
Macao SAR
The banks located here, whoever owns them, held $214.68B of cross-border claims outstanding in Q4 2025: 0.47% of the world total that quarter, the 27th largest of the reporting systems active in it. Its series in the BIS locational statistics runs from Q4 2003 to Q4 2025.
Claims outstanding, Q4 2003–Q4 2025
Total cross-border claims of the banks located here, USD billions, quarterly. Nominal dollars: movements mix changes in positions with changes in the dollar value of non-dollar books, and this BIS cut carries no adjusted-change series to separate them.
Source: BIS Locational Banking Statistics (WS_LBS_D_PUB), BIS Data Portal (data.bis.org). Selection: cross-border claims (measure C, amounts outstanding), reporting country MAC vs all counterparties (5J), quarterly, 2003-Q4 to 2025-Q4. License:free with “Source: BIS” attribution. Methodology
Who these banks lend to
Every counterparty country BIS publishes for this system in Q4 2025: 62 of them, $214.68B in total, which is 100.0% of its published all-countries total. The five largest counterparties are 68% of the named book. 39 of the 62 borrowers are themselves reporting systems in this dataset and link through to their own book; the other 23 appear here only as borrowers.
| # | Counterparty | Claims | Share of named book | Q1 2008 | Change |
|---|---|---|---|---|---|
| 1 | CHN China | $67.87B | 31.6% | $3.71B | +1728% |
| 2 | HKG Hong Kong SAR | $49.01B | 22.8% | $9.35B | +424% |
| 3 | USA United States | $10.15B | 4.7% | $609M | +1567% |
| 4 | SGP Singapore | $9.27B | 4.3% | $579M | +1501% |
| 5 | CYM Cayman Islands | $8.74B | 4.1% | $920M | +850% |
| 6 | VGB British Virgin Islands | $8.61B | 4.0% | n/a | n/a |
| 7 | GBR United Kingdom | $7.37B | 3.4% | $401M | +1737% |
| 8 | JPN Japan | $6.04B | 2.8% | $3.39B | +78% |
| 9 | ARE United Arab Emirates | $5.65B | 2.6% | $117M | +4731% |
| 10 | KOR Korea | $4.56B | 2.1% | $416M | +997% |
| 11 | HUN Hungary | $4.05B | 1.9% | n/a | n/a |
| 12 | LUX Luxembourg | $4.00B | 1.9% | $110M | +3533% |
| 13 | DEU Germany | $3.56B | 1.7% | $605M | +488% |
| 14 | AUS Australia | $3.44B | 1.6% | $502M | +586% |
| 15 | TWN Chinese Taipei | $3.40B | 1.6% | $20M | +16900% |
| 16 | QAT Qatar | $3.27B | 1.5% | n/a | n/a |
| 17 | PAN Panama | $2.73B | 1.3% | $18M | +15070% |
| 18 | FRA France | $2.19B | 1.0% | $326M | +572% |
| 19 | NZL New Zealand | $1.82B | 0.8% | $1M | +182166% |
| 20 | NLD Netherlands | $1.11B | 0.5% | $382M | +190% |
| 21 | SAU Saudi Arabia | $951M | 0.4% | $19M | +4906% |
| 22 | CAN Canada | $800M | 0.4% | $67M | +1094% |
| 23 | ZAF South Africa | $788M | 0.4% | n/a | n/a |
| 24 | CHE Switzerland | $607M | 0.3% | $32M | +1798% |
| 25 | BRA Brazil | $533M | 0.2% | $2M | +26564% |
| 26 | TUR Türkiye | $485M | 0.2% | $3M | +16064% |
| 27 | VNM Vietnam | $410M | 0.2% | n/a | n/a |
| 28 | AGO Angola | $375M | 0.2% | n/a | n/a |
| 29 | MYS Malaysia | $369M | 0.2% | $43M | +759% |
| 30 | PRT Portugal | $307M | 0.1% | $6.95B | −96% |
| 31 | ITA Italy | $270M | 0.1% | $86M | +214% |
| 32 | BMU Bermuda | $243M | 0.1% | $41M | +494% |
| 33 | DJI Djibouti | $195M | 0.1% | n/a | n/a |
| 34 | AUT Austria | $179M | 0.1% | $44M | +308% |
| 35 | UZB Uzbekistan | $166M | 0.1% | n/a | n/a |
| 36 | KAZ Kazakhstan | $130M | 0.1% | $42M | +209% |
| 37 | JEY Jersey | $121M | 0.1% | $16M | +655% |
| 38 | IRL Ireland | $110M | 0.1% | $115M | −4% |
| 39 | THA Thailand | $109M | 0.1% | $17M | +543% |
| 40 | PHL Philippines | $97M | 0.0% | $9M | +983% |
| 41 | KWT Kuwait | $70M | 0.0% | $3M | +2237% |
| 42 | ESP Spain | $66M | 0.0% | $71M | −7% |
| 43 | IDN Indonesia | $66M | 0.0% | $1M | +6463% |
| 44 | OMN Oman | $64M | 0.0% | n/a | n/a |
| 45 | ARG Argentina | $56M | 0.0% | n/a | n/a |
| 46 | IND India | $52M | 0.0% | $161M | −68% |
| 47 | LCA St Lucia | $40M | 0.0% | n/a | n/a |
| 48 | WSM Samoa | $26M | 0.0% | $2M | +1185% |
| 49 | CHL Chile | $24M | 0.0% | n/a | n/a |
| 50 | NOR Norway | $24M | 0.0% | $53M | −55% |
| 51 | MEX Mexico | $19M | 0.0% | n/a | n/a |
| 52 | SWE Sweden | $19M | 0.0% | $31M | −40% |
| 53 | PER Peru | $15M | 0.0% | n/a | n/a |
| 54 | FIN Finland | $12M | 0.0% | n/a | n/a |
| 55 | LKA Sri Lanka | $10M | 0.0% | n/a | n/a |
| 56 | DNK Denmark | $7M | 0.0% | $25M | −72% |
| 57 | COL Colombia | $5M | 0.0% | n/a | n/a |
| 58 | BEL Belgium | $5M | 0.0% | $25M | −80% |
| 59 | MMR Myanmar | $3M | 0.0% | n/a | n/a |
| 60 | BLZ Belize | $0.35M | 0.0% | $1M | −65% |
| 61 | LAO Laos | $0.03M | 0.0% | n/a | n/a |
| 62 | BRN Brunei | $0.00M | 0.0% | n/a | n/a |
Source: BIS Locational Banking Statistics (WS_LBS_D_PUB), BIS Data Portal (data.bis.org). Selection: cross-border claims (measure C), reporting country MAC vs each individual counterparty country, 2025-Q4, with the same cell at 2008-Q1 where it exists. License:free with “Source: BIS” attribution. Shares are of the sum of this reporter's named counterparty cells, not of its published total, because the two differ. Change is in the nominal USD stock and is not a flow. n/a means the cell does not exist at the earlier date, which is not the same as zero. Methodology
These are residence figures, so this page covers every bank booking here, foreign-owned subsidiaries and branches included, and excludes the foreign books of banks headquartered here but booking abroad. For the other side of the ledger, how much the world’s banks lend to this economy, see its counterparty page. The methodology gives the exact BIS selection behind every figure here.