Movement in Island's deposit base

Published on: 09 January 2020

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

Deposits decreased by £1.12 billion (3.13%) to £34.63 billion between 30 June 2019 and 30 September 2019.

Deposits in the year to 30 September 2019 increased by £0.17 billion (0.49%) on the corresponding figure as at 30 September 2018.

Enquiries:

Andrew Kermode

Head of Division – Banking, Funds & Investments

Tel: +44 (0)1624 689320

Notes to Editors

“Deposits” include intra-group borrowing that is not capital in nature.
As at 30 September 2019, foreign currency deposits comprised 44.76% (£15.50bn) of total deposits (30 June 2019: 47.58% (£17.01bn)) as expressed in sterling equivalent. These deposits are primarily denominated in US dollars and Euro. The figures at 30 June 2019 compared to those at 30 September 2019 are influenced by exchange rate movements on a total foreign currency basis (GBP weakened against USD by 3.15%, and strengthened against EUR by 0.89%).