Movement in Islands Deposit Base

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

 

Deposits decreased by £0.56 billion (-1.28%) to £43.02 billion between 31 December 2024 and 31 March 2025.

 

Deposits in the year to 31 March 2025 increased by £0.75 billion (+1.77%) compared to the corresponding figure on 31 March 2024.

 

Enquiries:

 

Andrew Kermode

Head of Division – Prudential Supervision

Tel: +44 (0)1624 689320

 

 

 

Notes to Editors

 

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

 

2)   As of 31 March 2025, foreign currency deposits comprised 46.30% (£19.92bn) of total deposits (31 December 2024: 46.51% (£20.27bn)) 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 slightly against USD by 3.20% and was broadly stable against EUR) did not materially impact the quarterly movement.