Movement in Island's deposit base - 30 June 2024

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

Deposits increased by £1.12 billion (+2.65%) to £43.39 billion between 31 March 2024 and 30 June 2024.

Deposits in the year to 30 June 2024 increased by £3.14 billion (+7.80%) compared to the corresponding figure on 30 June 2023.

Enquiries:

Andrew Kermode

Head of Division – Prudential Supervision

Tel: +44 (0)1624 689320

August 2024

Notes to Editors

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

2)   As of 30 June 2024, foreign currency deposits comprised 45.68% (£19.82bn) of total deposits (31 March 2024: 44.17% (£18.67bn)) as expressed in sterling equivalent.  These deposits are primarily denominated in US dollars and Euro.  Exchange rate movements on a total foreign currency basis (GBP was stable against USD and strengthened against EUR by 0.85%) did not materially affect the figures on 30 June 2024, compared to those on 31 March 2024.