Movement in Island's Deposit Base

Deposits (net of local inter-bank placings) with Isle of Man offices of Isle of Man licensed deposit takers

Deposits increased by £0.43 billion (1.22%) to £35.75 billion between 31 March 2019 and 30 June 2019.

Deposits in the year to 30 June 2019 increased by £1.48 billion (4.32%) on the corresponding figure as at 30 June 2018.

 

Enquiries:

Andrew Kermode

Head of Division – Banking, Funds & Investments

Tel: +44 (0)1624 689320

 

Notes to Editors

  1. “Deposits” include intra-group borrowing that is not capital in nature.
  2. The Alternative Banking Regime came into force on 1 August 2016. The figures relate to Class 1(1) banks only. No Class 1(2) licences had been issued as at 30 June 2019. 
  3. As at 30 June 2019, foreign currency deposits comprised 47.58% (£17.01bn) of total deposits (31 March 2019: 48.12% (£17.00bn)) as expressed in sterling equivalent. These deposits are primarily denominated in US dollars and Euro. The figures at 31 March 2019 compared to those at 30 June 2019 are influenced by exchange rate movements on a total foreign currency basis (GBP weakened against USD by 2.31%, and against EUR by 3.45%).