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.