Movement In Island's Deposit Base - 31 March 2022

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

Deposits increased by £0.96 billion (2.58%) to £38.19 billion between 31 December 2021 and 31 March 2022.

Deposits in the year to 31 March 2022 increased by £2.27 billion (6.32%) on the corresponding figure as at 31 March 2021.

Enquiries:

Andrew Kermode

Head of Division – Banking, Funds & Investments

Tel: +44 (0)1624 689320

May 2022

Notes to Editors

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

2)   As at 31 March 2022, foreign currency deposits comprised 45.48% (£17.37bn) of total deposits (31 December 2021: 45.09% (£16.79bn)) as expressed in sterling equivalent.  These deposits are primarily denominated in US dollars and Euro.  The figures at 31 March 2022 compared to those at 31 December 2021 were not materially influenced by exchange rate movements on a total foreign currency basis (GBP was static against EUR and weakened against USD by 2.22%).