Movement in island's deposit base

Published on: 08 April 2022

MOVEMENT IN ISLAND’S DEPOSIT BASE

31 December 2021

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

Deposits increased by £0.13 billion (0.35%) to £37.23 billion between 30 September 2021 and 31 December 2021.

Deposits in the year to 31 December 2021 increased by £1.04 billion (2.87%) on the corresponding figure as at 31 December 2020.

Enquiries:

Andrew Kermode

Head of Division – Banking, Funds & Investments

Tel: +44 (0)1624 689320

April 2022

Notes to Editors

“Deposits” include intra-group borrowing that is not capital in nature.

2) As at 31 December 2021, foreign currency deposits comprised 45.09% (£16.79bn) of total deposits (30 September 2021: 47.07% (£17.46bn)) as expressed in sterling equivalent. These deposits are primarily denominated in US dollars and Euro. The figures at 31 December 2021 compared to those at 30 September 2021 were not materially influenced by exchange rate movements on a total foreign currency basis (GBP was static against USD and strengthened against EUR by 2.59%).