Movement in Islands Deposit Base

Published on: 03 June 2025

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.