JPM · 10-Q · 2026Q1 · Full report

Country Risk Management

JPMORGAN CHASE & CO · 2026-05-01 · Importance 65 · Surprise 74

The Firm reports its top 20 non‑U.S. country exposures as of March 31, 2026 (representing 87% of total Firmwide non‑U.S. exposure) with the largest exposures being Germany $113.7 billion, United Kingdom $94.9 billion and Japan $79.1 billion. The table disaggregates exposures by deposits with banks, lending, trading & investing and other categories and shows comparative totals as of December 31, 2025. JPMorgan Chase states these country exposures may fluctuate period to period due to client activity, market flows and liquidity management activities and attributes exposures to individual countries under its internal country risk management approach. The Firm indicates the December 31, 2025 rankings presented are based on March 31, 2026 rankings and cautions rankings can change with market and client dynamics.