Movement in Island's Depoit base

Published on: 28 May 2021

Movement In Island's Deposit Base

31 March 2021

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

Deposits decreased by £0.27 billion (0.75%) to £35.92 billion between 31 December 2020 and 31 March 2021.

Deposits in the year to 31 March 2021 decreased by £1.06 billion (2.95%) on the corresponding figure as at 31 March 2020.

Enquiries:

Andrew Kermode

Head of Division – Banking, Funds & Investments

Tel: +44 (0)1624 689320

May 2021

Notes to Editors

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

2) As at 31 March 2021, foreign currency deposits comprised 46.60% (£16.74bn) of total deposits (31 December 2020: 47.33% (£17.13bn)) as expressed in sterling equivalent. These deposits are primarily denominated in US dollars and Euro. The figures at 31 March 2021 compared to those at 31 December 2020 are influenced by exchange rate movements on a total foreign currency basis (GBP strengthened against USD by 0.73%, and against EUR by 4.46%).