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 decreased by £0.16 billion (-0.40%) to £39.86 billion between 31 December 2015 and 31 March 2016.

Deposits in the year to 31 March 2016 decreased by £1.41 billion (-3.42%) on the corresponding figure as at 31 March 2015.


Andrew Kermode
Deputy Director - Banking
Isle of Man Financial Services Authority

Tel: +44 (0)1624 689320

Notes to Editors

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

2) As at 31 March 2016 foreign currency deposits comprised 38.56% (£15.37bn) of total deposits (31 December 2015: 38.29% being £15.32bn) as expressed in sterling equivalent. These deposits are primarily denominated in US dollars and Euro. The figures at 31 March 2016 compared to those at 31 December 2015 are influenced by exchange rate movements on a total foreign currency basis (GBP weakened against USD by 2.70%, and weakened against EUR by 7.35%).