The Isle of Man Financial Services Authority published updated figures on deposits (net of local inter-bank placings) held with Isle of Man offices of Isle of Man licensed deposit takers, showing an increase of GBP 0.95 billion (2.23%) between 30 September 2024 and 31 December 2024 to GBP 43.58 billion. Over the year to 31 December 2024, deposits rose by GBP 1.76 billion (4.21%) compared with 31 December 2023. The data includes intra-group borrowing that is not capital in nature. Foreign currency deposits accounted for 46.51% (GBP 20.27 billion) of total deposits at 31 December 2024, up from 45.04% (GBP 19.20 billion) at 30 September 2024 in sterling-equivalent terms, with the quarter-on-quarter increase partly attributed to exchange rate movements as GBP weakened against USD by 6.72% and was stable against EUR.
Isle of Man Financial Services Authority 2025-04-01
Isle of Man Financial Services Authority reports GBP 43.58bn deposit base at Isle of Man licensed deposit takers after GBP 0.95bn quarterly rise
The Isle of Man Financial Services Authority reported a 2.23% increase in deposits held by Isle of Man licensed deposit takers, reaching GBP 43.58 billion as of 31 December 2024. Over the year, deposits rose by 4.21%, with foreign currency deposits comprising 46.51% of the total, influenced by a 6.72% depreciation of GBP against USD. The data includes intra-group borrowing not capital in nature.