Movement in Island's deposit base - 30 September 2024

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

Deposits decreased by £0.76 billion (-1.75%) to £42.63 billion between 30 June 2024 and 30 September 2024.

Deposits in the year to 30 September 2024 increased by £0.45 billion (+1.07%) compared to the corresponding figure on 30 September 2023.

Enquiries:

Andrew Kermode

Head of Division – Prudential Supervision

Tel: +44 (0)1624 689320

November 2024

Notes to Editors

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

2) As of 30 September 2024, foreign currency deposits comprised 45.04% (£19.20bn) of total deposits (30 June 2024: 45.68% (£19.82bn)) 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 strengthened against USD by 6.35% and strengthened against EUR by 1.69%) did have some effect on the figures on 30 September 2024, compared to those on 30 June 2024.